Horizon Technology Finance (HRZN) — Defensive Interval Ratio
Horizon Technology Finance (HRZN) has a Defensive Interval Ratio of 180 days as of March 2026. Defensive assets of $12.74 Million (cash $-, short-term investments $-, receivables $12.74 Million) cover 180 days of daily cash needs of $70.64K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Horizon Technology Finance Defensive Interval Ratio (2009–2025)
This chart shows how Horizon Technology Finance's Defensive Interval Ratio has evolved across 16 annual periods from 2009 to 2025. As of March 2026, the ratio stands at 180 days, meaning defensive assets of $12.74 Million can fund 180 days of operations without new revenue. For the complete balance sheet picture, see HRZN total assets.
Annual Defensive Interval Ratio for Horizon Technology Finance (2009–2025)
The table below presents the year-by-year Defensive Interval Ratio for Horizon Technology Finance from 2009 to 2025, covering 16 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See working capital position of Horizon Technology Finance to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 46 days | $12.09 Million | $260.75K/day | $- | $- | ▲ +267 days |
| 2024 | -220 days | $-10.71 Million | $48.62K/day | $- | $-27.27 Million | ▼ -595 days |
| 2023 | 375 days | $16.57 Million | $44.22K/day | $- | $2.64 Million | ▼ -43 days |
| 2022 | 418 days | $16.36 Million | $39.18K/day | $- | $2.79 Million | ▲ +169 days |
| 2021 | 249 days | $7.51 Million | $30.17K/day | $- | $1.36 Million | ▼ -2 days |
| 2020 | 251 days | $6.00 Million | $23.95K/day | $- | $1.06 Million | ▼ -1035 days |
| 2019 | 1286 days | $16.45 Million | $12.79K/day | $- | $10.92 Million | ▲ +1029 days |
| 2018 | 257 days | $3.97 Million | $15.45K/day | $- | $- | ▲ +242 days |
| 2017 | 15 days | $3.99 Million | $271.43K/day | $- | $- | ▼ -7 days |
| 2016 | 22 days | $6.04 Million | $274.14K/day | $- | $0.00 | ▲ +2 days |
| 2015 | 20 days | $6.54 Million | $333.53K/day | $- | $285.00K | ▼ -13 days |
| 2014 | 32 days | $7.69 Million | $238.21K/day | $- | $2.93 Million | ▼ 0 days |
| 2013 | 32 days | $11.38 Million | $350.42K/day | $- | $7.14 Million | ▲ +12 days |
| 2012 | 21 days | $5.37 Million | $259.41K/day | $- | $2.56 Million | ▼ -68 days |
| 2011 | 89 days | $16.50 Million | $186.10K/day | $- | $13.52 Million | ▼ -531 days |
| 2009 | 619 days | $110.95 Million | $179.11K/day | $- | $- | — |