WhiteHorse Finance Working Capital to Net Assets Ratio
WhiteHorse Finance working capital to net assets ratio. WhiteHorse Finance (WHF) has a Working Capital to Net Assets ratio of 1.7% as of December 2025. Working capital of $4.40 Million (current assets of $35.09 Million minus current liabilities of $30.69 Million) is measured against net assets of $259.79 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check WhiteHorse Finance tangible book value ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of WhiteHorse Finance (2012–2025)
Working capital to net assets ratio of WhiteHorse Finance from 2012 to 2025. This chart shows how WhiteHorse Finance's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 1.7%, reflecting working capital of $4.40 Million against net assets of $259.79 Million USD. See WHF days of operational coverage to measure how many days the company can operate on defensive assets alone.
WhiteHorse Finance Working Capital to Net Assets Ratio by Year (2012–2025)
WhiteHorse Finance working capital to net assets ratio by year from 2012 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for WhiteHorse Finance from 2012 to 2025, covering 14 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see WhiteHorse Finance total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 1.7% | $4.40 Million | $259.79 Million | $35.09 Million | $30.69 Million | ▼ -4.0 pp |
| 2024 | 5.6% | $16.15 Million | $286.13 Million | $32.60 Million | $16.45 Million | ▲ +7.8 pp |
| 2023 | -2.1% | $-6.72 Million | $316.77 Million | $20.45 Million | $27.17 Million | ▼ -202.3 pp |
| 2022 | 200.2% | $665.53 Million | $332.39 Million | $667.86 Million | $2.33 Million | ▲ +198.2 pp |
| 2021 | 2.0% | $6.96 Million | $349.75 Million | $19.71 Million | $12.75 Million | ▼ -0.5 pp |
| 2020 | 2.5% | $7.94 Million | $312.90 Million | $19.31 Million | $11.37 Million | ▲ +2.6 pp |
| 2019 | -0.1% | $-248.00K | $312.95 Million | $10.66 Million | $10.91 Million | ▼ -7.0 pp |
| 2018 | 6.9% | $21.71 Million | $315.30 Million | $44.53 Million | $22.82 Million | ▼ -3.0 pp |
| 2017 | 9.9% | $28.39 Million | $286.95 Million | $44.85 Million | $16.46 Million | ▲ +2.2 pp |
| 2016 | 7.7% | $19.13 Million | $249.39 Million | $33.64 Million | $14.51 Million | ▲ +1.2 pp |
| 2015 | 6.4% | $15.71 Million | $244.05 Million | $29.89 Million | $14.18 Million | ▲ +1.0 pp |
| 2014 | 5.5% | $12.36 Million | $225.36 Million | $23.34 Million | $10.98 Million | ▼ -141.3 pp |
| 2013 | 146.8% | $333.18 Million | $227.00 Million | $370.33 Million | $37.15 Million | ▲ +65.3 pp |
| 2012 | 81.5% | $186.63 Million | $229.05 Million | $189.61 Million | $2.98 Million | — |