WhiteHorse Finance (WHF) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), WhiteHorse Finance had a P/E ratio of 11.27 (down from 20.73), return on equity of 5.3% (up from 3.6%), debt-to-equity of 1.25 (up from 1.23) and a current ratio of 1.18 (up from 0.14). A current ratio of 1.18 means current assets exceed current liabilities. Its dividend yield was 19.34% with a payout ratio of 255.4%.

WhiteHorse Finance Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.27	20.73	14.01	19.34	11.92	8.82
Forward P/E	6.57	6.46	6.69	7.74	10.61	10.36
P/S Ratio	2.22	2.42	2.77	3.46	4.97	4.53
P/B Ratio	0.62	0.79	0.90	0.91	1.03	0.89
Price/Tangible Book	0.62	0.79	0.90	0.91	1.03	0.89
Price/OCF	2.09	2.86	3.16	4.21	-	-
PEG Ratio	71.14	71.14	71.14	71.14	71.14	60.62
Enterprise Value Ratios
EV/Revenue	6.54	6.11	6.52	8.28	10.11	9.12
EV/EBIT	9.53	8.55	9.15	12.03	15.71	14.80
Profitability & Returns
Return on Equity (ROE)	5.25%	3.60%	6.29%	4.60%	9.08%	10.13%
Return on Assets (ROA)	4.83%	5.88%	6.02%	4.57%	3.69%	3.52%
Return on Invested Capital (ROIC)	7.93%	9.10%	9.65%	7.17%	5.97%	5.73%
Return on Capital Employed (ROCE)	8.50%	15.10%	10.50%	8.10%	5.60%	5.40%
Leverage & Solvency Ratios
Debt/Equity	1.25	1.23	1.22	1.32	1.36	1.23
Liquidity Ratios
Current Ratio	1.18	0.14	1.27	0.69	1.30	1.36
Quick Ratio	0.41	0.08	0.71	0.33	0.81	0.93
Efficiency Ratios
Asset Turnover	0.11	0.13	0.14	0.11	0.09	0.09
Yield & Distribution Ratios
Earnings Yield	8.88%	4.82%	7.14%	5.17%	8.39%	11.33%
Dividend Yield	19.34%	15.91%	12.03%	10.88%	9.17%	19.83%
Payout Ratio	255.35%	382.35%	173.08%	211.33%	99.01%	100.18%
Buyback Yield	0.29%	-	-0.06%	-9.83%	-2.94%	-
Total Return	19.63%	15.91%	11.98%	1.05%	6.23%	19.83%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About WhiteHorse Finance Financial Ratios

What is WhiteHorse Finance's P/E ratio?

WhiteHorse Finance's P/E ratio was 11.27 for fiscal 2025 (period ended Dec 31, 2025). It was 20.73 a year earlier.

What is WhiteHorse Finance's return on equity?

WhiteHorse Finance's return on equity (ROE) was 5.3% for fiscal 2025 (period ended Dec 31, 2025). It was 3.6% a year earlier.

What is WhiteHorse Finance's debt-to-equity ratio?

WhiteHorse Finance's debt-to-equity ratio was 1.25 for fiscal 2025 (period ended Dec 31, 2025). It was 1.23 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition