WhiteHorse Finance (WHF) — Cash Flow Quality Index
Latest as of December 2025:
1.86x
WhiteHorse Finance (WHF) has a Cash Flow Quality Index of 1.86x as of December 2025. Operating cash flow of $7.94 Million exceeds net income of $4.26 Million, indicating high earnings quality where cash backs reported profits. Explore WhiteHorse Finance cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.86x
Operating CF / Net Income
Operating Cash Flow
$7.94 Million
USD
Net Income
$4.26 Million
USD
Data as of
Dec 2025
Most recent filing
WhiteHorse Finance Cash Flow Quality Index (2012–2025)
Historical Cash Flow Quality Index for WhiteHorse Finance across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see WHF cash flow metrics.
Annual Cash Flow Quality Index for WhiteHorse Finance (2012–2025)
Year-by-year earnings quality comparison for WhiteHorse Finance.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.72x | $19.28 Million | $26.77 Million | ▼ -90.1% |
| 2024 | 7.26x | $78.76 Million | $10.85 Million | ▲ +63.9% |
| 2023 | 4.43x | $90.37 Million | $20.41 Million | ▼ -3.6% |
| 2022 | 4.59x | $71.99 Million | $15.68 Million | ▲ +253.2% |
| 2021 | -3.00x | $-90.19 Million | $30.09 Million | ▼ -47.0% |
| 2020 | -2.04x | $-64.60 Million | $31.68 Million | ▲ +33.8% |
| 2019 | -3.08x | $-94.98 Million | $30.84 Million | ▼ -667.9% |
| 2018 | 0.54x | $31.07 Million | $57.30 Million | ▲ +160.6% |
| 2017 | 0.21x | $7.17 Million | $34.45 Million | ▼ -70.7% |
| 2016 | 0.71x | $22.26 Million | $31.33 Million | ▲ +109.9% |
| 2014 | -7.15x | $-139.76 Million | $19.54 Million | ▼ -919.9% |
| 2013 | -0.70x | $-13.34 Million | $19.03 Million | ▼ -188.3% |
| 2012 | 0.79x | $31.41 Million | $39.56 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.