WhiteHorse Net Invested Capital vs Net Debt Analysis

WHF Stock

USD 11.59 0.03 0.26%

WhiteHorse Finance financial indicator trend analysis is more than just analyzing WhiteHorse Finance current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WhiteHorse Finance is a good investment. Please check the relationship between WhiteHorse Finance Net Invested Capital and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WhiteHorse Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in WhiteHorse Stock please use our How to Invest in WhiteHorse Finance guide.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WhiteHorse Finance Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between WhiteHorse Finance's Net Invested Capital and Net Debt is 0.89. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of WhiteHorse Finance, assuming nothing else is changed. The correlation between historical values of WhiteHorse Finance's Net Invested Capital and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of WhiteHorse Finance are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., WhiteHorse Finance's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from WhiteHorse Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WhiteHorse Finance current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WhiteHorse Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in WhiteHorse Stock please use our How to Invest in WhiteHorse Finance guide.The current Selling General Administrative is estimated to decrease to about 3.7 M. The current Tax Provision is estimated to decrease to about 1 M

	2021	2022	2023	2024 (projected)
Operating Income	31.1M	60.2M	50.6M	36.2M
Other Operating Expenses	4.3M	49.2M	52.6M	55.3M

Operating Income Other Operating Expenses

WhiteHorse Finance fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Inventory
Total Assets		0.79	-0.79	-0.14	0.93	-0.26	0.96	0.03	0.16	-0.65	0.64	-0.89	-0.44	0.9	0.07	0.8	0.89	0.89	0.83	0.98	-0.05	0.89	0.99	0.03	0.89	-0.7
Short Long Term Debt Total	0.79		-0.71	-0.2	0.71	-0.16	0.84	0.04	0.06	-0.7	0.6	-0.71	-0.34	0.7	-0.07	0.57	0.7	0.69	0.62	0.78	0.03	0.73	0.79	-0.11	0.7	-0.69
Other Current Liab	-0.79	-0.71		0.33	-0.63	0.24	-0.71	0.11	-0.07	0.26	-0.43	0.85	0.83	-0.87	-0.11	-0.43	-0.61	-0.61	-0.7	-0.83	0.13	-0.56	-0.82	-0.09	-0.62	0.32
Total Current Liabilities	-0.14	-0.2	0.33		-0.02	0.3	-0.09	0.07	0.84	-0.25	-0.01	0.17	0.61	-0.2	-0.07	0.08	0.0	-0.04	0.11	-0.24	-0.76	-0.01	-0.17	-0.1	0.0	-0.03
Total Stockholder Equity	0.93	0.71	-0.63	-0.02		-0.44	0.87	0.12	0.14	-0.66	0.66	-0.77	-0.3	0.81	-0.03	0.89	0.92	0.95	0.88	0.86	0.0	0.94	0.87	-0.06	0.92	-0.71
Other Liab	-0.26	-0.16	0.24	0.3	-0.44		-0.08	-0.28	0.27	-0.2	-0.17	0.19	0.44	-0.19	0.02	-0.38	-0.37	-0.44	-0.34	-0.2	-0.31	-0.33	-0.19	0.0	-0.37	-0.1
Net Debt	0.96	0.84	-0.71	-0.09	0.87	-0.08		-0.01	0.16	-0.81	0.69	-0.83	-0.28	0.86	-0.01	0.8	0.86	0.85	0.75	0.95	-0.03	0.88	0.96	-0.05	0.86	-0.83
Retained Earnings	0.03	0.04	0.11	0.07	0.12	-0.28	-0.01		0.0	0.06	0.13	0.08	-0.02	-0.28	-0.09	0.16	-0.15	-0.09	0.15	-0.03	0.04	-0.15	0.0	-0.08	-0.16	0.16
Accounts Payable	0.16	0.06	-0.07	0.84	0.14	0.27	0.16	0.0		-0.25	-0.13	-0.29	0.24	0.07	0.35	0.13	0.15	0.14	0.31	0.1	-0.96	0.12	0.16	0.31	0.15	-0.01
Cash	-0.65	-0.7	0.26	-0.25	-0.66	-0.2	-0.81	0.06	-0.25		-0.64	0.47	-0.28	-0.56	0.22	-0.72	-0.68	-0.67	-0.53	-0.6	0.08	-0.75	-0.63	0.27	-0.68	0.96
Non Current Assets Total	0.64	0.6	-0.43	-0.01	0.66	-0.17	0.69	0.13	-0.13	-0.64		-0.27	-0.12	0.6	-0.71	0.68	0.68	0.58	0.55	0.6	0.24	0.66	0.62	-0.74	0.68	-0.72
Non Currrent Assets Other	-0.89	-0.71	0.85	0.17	-0.77	0.19	-0.83	0.08	-0.29	0.47	-0.27		0.57	-0.84	-0.44	-0.59	-0.72	-0.77	-0.76	-0.9	0.26	-0.72	-0.9	-0.41	-0.72	0.47
Other Assets	-0.44	-0.34	0.83	0.61	-0.3	0.44	-0.28	-0.02	0.24	-0.28	-0.12	0.57		-0.55	-0.19	-0.1	-0.25	-0.27	-0.42	-0.51	-0.11	-0.16	-0.48	-0.2	-0.25	-0.17
Long Term Debt	0.9	0.7	-0.87	-0.2	0.81	-0.19	0.86	-0.28	0.07	-0.56	0.6	-0.84	-0.55		-0.02	0.71	0.83	0.82	0.8	0.9	-0.04	0.81	0.9	-0.05	0.84	-0.66
Cash And Short Term Investments	0.07	-0.07	-0.11	-0.07	-0.03	0.02	-0.01	-0.09	0.35	0.22	-0.71	-0.44	-0.19	-0.02		-0.15	-0.07	0.04	0.0	0.11	-0.38	-0.05	0.1	1.0	-0.08	0.3
Net Receivables	0.8	0.57	-0.43	0.08	0.89	-0.38	0.8	0.16	0.13	-0.72	0.68	-0.59	-0.1	0.71	-0.15		0.86	0.89	0.82	0.72	0.05	0.84	0.74	-0.18	0.86	-0.76
Common Stock Total Equity	0.89	0.7	-0.61	0.0	0.92	-0.37	0.86	-0.15	0.15	-0.68	0.68	-0.72	-0.25	0.83	-0.07	0.86		0.96	0.8	0.85	0.01	0.96	0.85	-0.11	1.0	-0.74
Common Stock Shares Outstanding	0.89	0.69	-0.61	-0.04	0.95	-0.44	0.85	-0.09	0.14	-0.67	0.58	-0.77	-0.27	0.82	0.04	0.89	0.96		0.83	0.83	0.0	0.95	0.84	0.01	0.96	-0.73
Short Term Investments	0.83	0.62	-0.7	0.11	0.88	-0.34	0.75	0.15	0.31	-0.53	0.55	-0.76	-0.42	0.8	0.0	0.82	0.8	0.83		0.76	-0.23	0.75	0.78	-0.03	0.81	-0.53
Non Current Liabilities Total	0.98	0.78	-0.83	-0.24	0.86	-0.2	0.95	-0.03	0.1	-0.6	0.6	-0.9	-0.51	0.9	0.11	0.72	0.85	0.83	0.76		-0.01	0.84	1.0	0.08	0.84	-0.66
Other Current Assets	-0.05	0.03	0.13	-0.76	0.0	-0.31	-0.03	0.04	-0.96	0.08	0.24	0.26	-0.11	-0.04	-0.38	0.05	0.01	0.0	-0.23	-0.01		0.04	-0.07	-0.35	0.0	-0.15
Other Stockholder Equity	0.89	0.73	-0.56	-0.01	0.94	-0.33	0.88	-0.15	0.12	-0.75	0.66	-0.72	-0.16	0.81	-0.05	0.84	0.96	0.95	0.75	0.84	0.04		0.84	-0.09	0.96	-0.82
Total Liab	0.99	0.79	-0.82	-0.17	0.87	-0.19	0.96	0.0	0.16	-0.63	0.62	-0.9	-0.48	0.9	0.1	0.74	0.85	0.84	0.78	1.0	-0.07	0.84		0.07	0.85	-0.67
Total Current Assets	0.03	-0.11	-0.09	-0.1	-0.06	0.0	-0.05	-0.08	0.31	0.27	-0.74	-0.41	-0.2	-0.05	1.0	-0.18	-0.11	0.01	-0.03	0.08	-0.35	-0.09	0.07		-0.11	0.34
Common Stock	0.89	0.7	-0.62	0.0	0.92	-0.37	0.86	-0.16	0.15	-0.68	0.68	-0.72	-0.25	0.84	-0.08	0.86	1.0	0.96	0.81	0.84	0.0	0.96	0.85	-0.11		-0.74
Inventory	-0.7	-0.69	0.32	-0.03	-0.71	-0.1	-0.83	0.16	-0.01	0.96	-0.72	0.47	-0.17	-0.66	0.3	-0.76	-0.74	-0.73	-0.53	-0.66	-0.15	-0.82	-0.67	0.34	-0.74

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WhiteHorse Finance Account Relationship Matchups

WhiteHorse Finance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	631.2M	719.0M	851.0M	796.5M	730.8M	622.8M
Short Long Term Debt Total	598.0M	384.9M	476.8M	470.3M	386.8M	353.3M
Other Current Liab	(10.9M)	(11.4M)	(12.7M)	(11.0M)	(13.1M)	(12.5M)
Total Current Liabilities	10.9M	11.4M	12.7M	2.3M	13.1M	11.3M
Total Stockholder Equity	313.0M	312.9M	349.8M	332.4M	316.8M	311.8M
Other Liab	143K	372K	839K	825K	742.5K	1.0M
Net Debt	294.6M	376.8M	464.6M	431.7M	362.3M	251.1M
Retained Earnings	12.2M	12.9M	10.6M	(6.9M)	(21.5M)	(20.4M)
Accounts Payable	10.9M	11.4M	12.7M	13.4M	13.1M	9.6M
Cash	4.3M	8.1M	12.2M	9.5M	24.5M	27.9M
Non Current Assets Total	589.7M	690.7M	819.2M	109.7M	697.4M	480.0M
Non Currrent Assets Other	(631.2M)	(719.0M)	(851.0M)	(1.4B)	(729.5M)	(693.1M)
Other Assets	30.9M	8.9M	12.1M	18.9M	1.9M	1.8M
Long Term Debt	182.1M	176.0M	298.9M	440.4M	506.5M	531.8M
Cash And Short Term Investments	4.3M	8.1M	12.2M	660.0M	24.5M	23.3M
Net Receivables	6.4M	11.2M	7.5M	8.1M	8.9M	6.6M
Liabilities And Stockholders Equity	631.2M	719.0M	851.0M	796.5M	730.8M	622.8M
Non Current Liabilities Total	298.9M	384.9M	476.8M	461.8M	413.9M	293.8M
Other Current Assets	(33.9M)	(27.2M)	(30.5M)	(35.1M)	(33.4M)	(35.0M)
Other Stockholder Equity	300.7M	300.0M	339.2M	339.2M	338.3M	318.8M
Total Liab	318.3M	406.1M	501.3M	464.1M	414.0M	310.9M
Total Current Assets	10.7M	19.3M	19.7M	667.9M	31.4M	29.9M
Net Tangible Assets	313.0M	312.9M	349.8M	332.4M	382.2M	321.3M
Long Term Investments	589.7M	690.7M	819.2M	760.2M	696.2M	587.3M
Capital Surpluse	302.3M	301.6M	300.7M	339.2M	390.1M	327.8M
Net Invested Capital	612.0M	698.1M	826.5M	773.6M	703.2M	718.8M

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When determining whether WhiteHorse Finance is a strong investment it is important to analyze WhiteHorse Finance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WhiteHorse Finance's future performance. For an informed investment choice regarding WhiteHorse Stock, refer to the following important reports:

How To Invest In WhiteHorse

Details

Is WhiteHorse Stock a good investment?

Details

What is WhiteHorse Finance's Net Worth?

Details

Largest Asset Management & Custody Banks Companies

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Largest Financial Services Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WhiteHorse Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in WhiteHorse Stock please use our How to Invest in WhiteHorse Finance guide.

You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WhiteHorse Finance. If investors know WhiteHorse will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WhiteHorse Finance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.02

Dividend Share

1.525

Earnings Share

0.98

Revenue Per Share

4.322

Quarterly Revenue Growth

(0.08)

The market value of WhiteHorse Finance is measured differently than its book value, which is the value of WhiteHorse that is recorded on the company's balance sheet. Investors also form their own opinion of WhiteHorse Finance's value that differs from its market value or its book value, called intrinsic value, which is WhiteHorse Finance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WhiteHorse Finance's market value can be influenced by many factors that don't directly affect WhiteHorse Finance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between WhiteHorse Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if WhiteHorse Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WhiteHorse Finance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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WhiteHorse Net Invested Capital vs Net Debt Analysis

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

WhiteHorse Finance fundamental ratios Correlations

WhiteHorse Finance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

WhiteHorse Finance fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 1.0	Non Current Liabilities Total
Total Liab	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.98	Total Assets
Net Debt	+ 0.96	Total Assets

Other Current Assets	- 0.96	Accounts Payable
Total Liab	- 0.9	Non Currrent Assets Other
Non Current Liabilities Total	- 0.9	Non Currrent Assets Other
Non Currrent Assets Other	- 0.89	Total Assets
Long Term Debt	- 0.87	Other Current Liab
Long Term Debt	- 0.84	Non Currrent Assets Other