WhiteHorse Finance (WHF) — Tangible Net Worth Ratio
WhiteHorse Finance (WHF) has a Tangible Net Worth Ratio of 100.0% as of December 2025. This metric is calculated by deducting intangible assets ($0.00) from net assets ($259.79 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore WHF year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
WhiteHorse Finance Tangible Net Worth Ratio (2012–2025)
This chart shows how WhiteHorse Finance's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 100.0%, reflecting net assets of $259.79 Million with intangible assets of $0.00 USD. For live market cap and overall valuation, see WhiteHorse Finance stock valuation.
Annual Tangible Net Worth Ratio for WhiteHorse Finance (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for WhiteHorse Finance from 2012 to 2025, covering 14 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore how much does WhiteHorse Finance reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | $259.79 Million | $0.00 | $615.13 Million | ▲ +0.0 pp |
| 2024 | 100.0% | $286.13 Million | $0.00 | $676.82 Million | ▲ +0.0 pp |
| 2023 | 100.0% | $316.77 Million | $0.00 | $730.75 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $332.39 Million | $0.00 | $796.47 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $349.75 Million | $0.00 | $851.02 Million | ▲ +0.0 pp |
| 2020 | 100.0% | $312.90 Million | $0.00 | $718.99 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $312.95 Million | $0.00 | $631.22 Million | ▲ +0.0 pp |
| 2018 | 100.0% | $315.30 Million | $0.00 | $514.10 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $286.95 Million | $0.00 | $485.53 Million | ▲ +0.0 pp |
| 2016 | 100.0% | $249.39 Million | $0.00 | $446.23 Million | ▲ +0.0 pp |
| 2015 | 100.0% | $244.05 Million | $0.00 | $445.23 Million | ▲ +0.0 pp |
| 2014 | 100.0% | $225.36 Million | $0.00 | $426.84 Million | ▲ +0.0 pp |
| 2013 | 100.0% | $227.00 Million | $0.00 | $374.15 Million | ▲ +0.0 pp |
| 2012 | 100.0% | $229.05 Million | $0.00 | $373.28 Million | — |