WhiteHorse Finance (WHF) - Total Assets
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. Explore WHF debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
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. See WhiteHorse Finance (WHF) net assets for net asset value and shareholders' equity analysis.
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. For live market cap, price, and company overview, see WHF market cap overview.
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 |
|---|---|---|
|
Toro Ltd
LSE:TORO
|
UK | €343.75 Million |
|
Apollo Global Management LLC Class A
NYSE:APO
|
USA | $467.53 Billion |
|
Julius Baer Gruppe AG
SW:BAER
|
Switzerland | CHF104.72 Billion |
|
Sofina Société Anonyme
BR:SOF
|
Belgium | €10.54 Billion |
|
KBC Ancora
BR:KBCA
|
Belgium | €3.63 Billion |
|
Stepstone Group Inc
NASDAQ:STEP
|
USA | $5.24 Billion |
|
Norte Grande
SN:NORTEGRAN
|
Chile | CL$2.96 Billion |
|
A.F.P. Provida
SN:PROVIDA
|
Chile | CL$1.39 Trillion |
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 | 1.14 | 1.10 | 1.31 |
| Quick Ratio | 1.14 | 1.10 | 1.31 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $4.40 Million | $1.72 Million | $3.59 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 | 0.23 |
| Asset Growth Rate (YoY) | -9.1% |
| Total Assets | $615.13 Million |
| Market Capitalization | $142.08 Million USD |
Valuation Analysis
Below Book Valuation: The market values WhiteHorse Finance's assets below their book value (0.23x), 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 | -- |
About 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