WhiteHorse Finance
WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishing… Read more
WhiteHorse Finance (WHF) - Total Assets
Latest total assets as of December 2025: $615.13 Million USD
Based on the latest financial reports, WhiteHorse Finance (WHF) holds total assets worth $615.13 Million USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
WhiteHorse Finance - Total Assets Trend (2012–2025)
This chart illustrates how WhiteHorse Finance’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
WhiteHorse Finance - Asset Composition Analysis
Current Asset Composition (December 2025)
WhiteHorse Finance's total assets of $615.13 Million consist of 5.7% current assets and 94.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.8% |
| Accounts Receivable | $5.77 Million | 0.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2012–2025)
This chart illustrates how WhiteHorse Finance's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: WhiteHorse Finance's current assets represent 5.7% of total assets in 2025, a decrease from 50.8% in 2012.
- Cash Position: Cash and equivalents constituted 4.8% of total assets in 2025, down from 41.8% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2012.
- Asset Diversification: The largest asset category is accounts receivable at 0.9% of total assets.
WhiteHorse Finance Competitors by Total Assets
Key competitors of WhiteHorse Finance based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Jindal Poly Investment and Finance Company Limited
NSE:JPOLYINVST
|
India | ₹16.78 Billion |
|
Gibui Holdings Ltd
TA:GIBUI
|
Israel | ILA445.00 Million |
|
Digital 9 Infrastructure PLC
LSE:DGI9
|
UK | GBX287.45 Million |
|
Angel Oak Financial Strategies Income Term Trust
NYSE:FINS
|
USA | $486.05 Million |
|
Global Data Centre Group
AU:GDC
|
Australia | AU$151.04 Million |
|
Hearts and Minds Investments Ltd
AU:HM1
|
Australia | AU$857.95 Million |
|
MainStay CBRE Global Infrastructure Megatrends Fund
NYSE:MEGI
|
USA | $1.07 Billion |
|
Nippon Active Value Fund Plc
LSE:NAVF
|
UK | GBX390.96 Million |
WhiteHorse Finance - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - WhiteHorse Finance generates 0.06x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, WhiteHorse Finance generates $ 2.33 in net profit.
WhiteHorse Finance - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.56 | 0.80 | 1.70 |
| Quick Ratio | 1.56 | 0.80 | 1.70 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $20.68 Million | $ -6.69 Million | $ 7.94 Million |
WhiteHorse Finance - Advanced Valuation Insights
This section examines the relationship between WhiteHorse Finance's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.64 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -9.1% |
| Total Assets | $615.13 Million |
| Market Capitalization | $71.47K USD |
Valuation Analysis
Below Book Valuation: The market values WhiteHorse Finance's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: WhiteHorse Finance's assets decreased by 9.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for WhiteHorse Finance (2012–2025)
The table below shows the annual total assets of WhiteHorse Finance from 2012 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $615.13 Million | -9.11% |
| 2024-12-31 | $676.82 Million | -7.38% |
| 2023-12-31 | $730.75 Million | -8.25% |
| 2022-12-31 | $796.47 Million | -6.41% |
| 2021-12-31 | $851.02 Million | +18.36% |
| 2020-12-31 | $718.99 Million | +13.90% |
| 2019-12-31 | $631.22 Million | +22.78% |
| 2018-12-31 | $514.10 Million | +5.88% |
| 2017-12-31 | $485.53 Million | +8.81% |
| 2016-12-31 | $446.23 Million | +0.23% |
| 2015-12-31 | $445.23 Million | +4.31% |
| 2014-12-31 | $426.84 Million | +14.08% |
| 2013-12-31 | $374.15 Million | +0.23% |
| 2012-12-31 | $373.28 Million | -- |