WhiteHorse Finance, Inc. Financial Ratios — M9X Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	8.35	8.64	-1.2	12.7	12.85	19.03	9.82	10.13	9.08	4.6	6.29	3.6	5.25
Return on Assets (%)	- -	5.09	4.88	-0.65	7.06	7.39	11.46	5.39	4.69	3.83	1.9	2.67	1.54	2.22
Return on Capital (%)	- -	6.89	6.74	- -	9.2	9.83	11.93	5.59	4.84	3.95	1.96	2.77	1.62	2.34
Return on Invested Capital (%)	- -	5.46	4.52	- -	6.29	5.82	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	99	100	100	100	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	103.65	87.23	84.06	3,253.13	78.9	70.52	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	106.43	111.36	95.91	4,815.83	102.82	96.92	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	100.57	- -	- -	13.32	28.08	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	97.16	85.96	83.78	-443.26	91.51	92.68	95.01	92.45	90.03	87.96	78.24	83.24	70.03	74.36
Profit Margin (%)	97.16	85.96	83.78	-443.26	91.51	92.68	93.47	90.07	87.97	85.12	73.45	79.48	63.47	71.07
Net Income to Common Margin (%)	97.16	85.96	83.78	-443.26	91.51	92.68	93.47	90.07	87.97	85.12	73.45	79.48	63.47	71.07
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	1.62	2.57	2.29	3.23	6.13	4.51	9.36	4.41
Dvd Payout Ratio (%)	- -	91.31	108.4	-752.33	82.96	76.58	50.53	107.59	100.18	99.01	211.33	173.08	382.35	255.35
Sustainable Growth Rate (%)	- -	0.73	-0.73	-10.27	2.16	3.01	9.41	-0.75	-0.02	0.09	-5.12	-4.6	-10.16	-8.16

Credit (USD)

Credit Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	141	110	191	183	182	182	176	299	385	476	440	386	353	324
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	141	110	191	183	182	182	176	299	385	476	440	386	353	324
Total Debt/EBITDA	3.35	5.7	9.72	8.84	6.75	6.95	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.35	0.89	9.12	7.91	6.12	5.6	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	3.35	5.7	11.21	8.84	6.75	6.95	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.35	0.89	10.52	7.91	6.12	5.6	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	37.31	3.62	3.37	2.08	3.3	2.67	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	37.31	3.62	3.37	2.08	3.3	2.67	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	38.31	4.62	3.85	3.08	4.3	3.67	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	1	5	6	10	8	10	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	61.36	60.67	52.8	55.25	55.89	59.1	61.33	49.58	43.52	41.1	41.73	43.35	42.28	42.23
Long-Term Debt/Equity (%)	61.67	48.46	84.53	75.18	73.11	63.47	55.81	95.52	123.01	136.08	132.5	122	123.41	124.65
Long-Term Debt/Capital (%)	38.14	32.64	45.81	42.92	42.23	38.83	35.82	48.85	55.16	57.64	56.99	54.95	55.24	55.49
Long-Term Debt/Total Assets (%)	37.84	29.4	44.63	41.54	40.86	37.51	34.23	47.36	53.53	55.93	55.3	52.88	52.17	52.64
Total Debt/Equity (%)	61.67	48.46	84.53	75.18	73.11	63.47	55.81	95.52	123.01	136.08	132.5	122	123.41	124.65
Total Debt/Capital (%)	38.14	32.64	45.81	42.92	42.23	38.83	35.82	48.85	55.16	57.64	56.99	54.95	55.24	55.49
Total Debt/Total Assets (%)	37.84	29.4	44.63	41.54	40.86	37.51	34.23	47.36	53.53	55.93	55.3	52.88	52.17	52.64
Net Debt to Equity	-6.49	7.53	79.36	67.29	66.28	51.19	-7.66	-1.37	-2.58	-3.48	-2.86	-3.39	-4.34	-2.71
Net Debt/Capital (%)	-6.94	7	44.25	40.57	39.86	33.86	-5.17	-0.71	-1.17	-1.5	-1.25	-1.55	-1.98	-1.22
EBITDA	42	19	20	21	27	26	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	42	19	20	21	27	26	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	43	25	22	31	35	36	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	52.34	2.5	1.06	1.61	1.17	2.14	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	63.56	2.74	2.13	2.11	2.32	2.73	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	52.83	2.54	1.31	1.85	1.5	2.49	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	-0.66	-5.81	-0.72	2.38	0.46	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	61.36	60.67	52.8	55.25	55.89	59.1	61.33	49.58	43.52	41.1	41.73	43.35	42.28	42.23
Long-Term Debt/Equity (%)	61.67	48.46	84.53	75.18	73.11	63.47	55.81	95.52	123.01	136.08	132.5	122	123.41	124.65
Long-Term Debt/Capital (%)	38.14	32.64	45.81	42.92	42.23	38.83	35.82	48.85	55.16	57.64	56.99	54.95	55.24	55.49
Long-Term Debt/Total Assets (%)	37.84	29.4	44.63	41.54	40.86	37.51	34.23	47.36	53.53	55.93	55.3	52.88	52.17	52.64
Total Debt/Equity (%)	61.67	48.46	84.53	75.18	73.11	63.47	55.81	95.52	123.01	136.08	132.5	122	123.41	124.65
Total Debt/Capital (%)	38.14	32.64	45.81	42.92	42.23	38.83	35.82	48.85	55.16	57.64	56.99	54.95	55.24	55.49
Total Debt/Total Assets (%)	37.84	29.4	44.63	41.54	40.86	37.51	34.23	47.36	53.53	55.93	55.3	52.88	52.17	52.64
CFO/Total Liabilities	21.78	-9.07	-69.37	-4.56	17.33	3.61	15.63	-29.84	-15.91	-17.99	15.51	21.83	20.16	21.75
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

No data availableFinancial data will appear here once available

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	284	226	154
- Cash & Cash Equivalents	156	93	12	23	17	35	24	4	8	12	10	11	12	7
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	141	110	191	183	182	182	176	299	385	476	440	386	353	324
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	660	567	471
Total Capital	370	337	416	428	432	469	491	612	698	826	773	703	639	584
Total Debt/Capital (%)	38.14	32.64	45.81	42.92	42.23	38.83	35.82	48.85	55.16	57.64	56.99	54.95	55.24	55.49
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.59	0.62	0.69
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.69	33.16	23.35
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.3	7.2	6.09
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.3	7.2	6.09
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	284	226	161
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	660	567	477
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	28.38	24.39	21.18
TTM Sales	41	22	23	1	34	37	61	34	36	35	21	26	17	20
TTM EBITDA	42	19	20	21	27	26	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	43	25	22	31	35	36	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	33	-8	-134	- -	42	17	31	-95	-65	-90	72	90	79	77
TTM Free Cash Flow to Firm	33	-8	-134	- -	42	17	31	-95	-65	-90	72	90	79	77

Multiples (USD)

Valuation Multiples API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.14	2.87	2.08
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	660	567	471
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.69	9.47	6.48
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.69	33.16	23.35
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.91	20.85	11.21
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.05	25.9	14.21
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.96	28.62	18.48
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.31	20.29	10.48
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.9	0.79	0.59
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.91	0.98	0.75
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.96	1.09	0.98
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.86	0.77	0.55
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.9	0.79	0.59
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.91	0.98	0.75
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.96	1.09	0.98
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.86	0.77	0.55
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.06	13.23	7.96
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.17	16.44	10.1
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.89	18.17	13.14
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.58	12.88	7.45
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.14	2.87	2.08
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.17	3.57	2.64
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.38	3.94	3.43
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.01	2.8	1.94
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.17	3.57	2.64
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.38	3.94	3.43
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.01	2.8	1.94
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.8	36.37	25.4
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.52	38.1	28.31
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.21	32.81	22.85
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.22	9.73	6.93
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.14	13.36	11.43
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	662	622	512
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	681	651	571
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	647	561	461

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	15	15	15	18	18	21	21	21	21	23	23	23	23	22
Diluted Weighted Avg Shares	15	15	15	15	18	19	21	21	21	21	23	23	23	23
Basic Weighted Avg Shares	15	15	15	15	18	19	21	21	21	21	23	23	23	23
Revenue per Share	2.72	1.48	1.56	0.04	1.87	1.91	2.98	1.67	1.75	1.67	0.92	1.1	0.74	0.87
EBITDA per Share	2.82	1.29	1.31	1.35	1.48	1.35	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	2.9	1.65	1.49	2.01	1.92	1.85	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	2.64	1.27	1.3	-0.18	1.71	1.77	2.79	1.5	1.54	1.42	0.68	0.88	0.47	0.62
Basic EPS from Cont Ops	2.64	1.27	1.3	-0.18	1.71	1.77	2.79	1.5	1.54	1.42	0.68	0.88	0.47	0.62
Diluted EPS, GAAP	2.64	1.27	1.3	-0.18	1.71	1.77	2.79	1.5	1.54	1.42	0.68	0.88	0.47	0.62
Diluted EPS from Cont Ops	2.64	1.27	1.3	-0.18	1.71	1.77	2.79	1.5	1.54	1.42	0.68	0.88	0.47	0.62
Dividend per Share	- -	1.16	1.41	1.39	1.42	1.36	1.41	1.62	1.54	1.41	1.43	1.52	1.79	1.58
Cash Flow per Share	2.1	-0.89	-9.33	-0.59	1.86	0.37	1.51	-4.62	-3.14	-4.26	3.1	3.89	3.39	3.33
Free Cash Flow per Basic Share	2.1	-0.89	-9.33	-0.59	1.86	0.37	1.51	-4.62	-3.14	-4.26	3.1	3.89	3.39	3.33
Cash & Equivalents per Share	10.43	6.2	0.78	1.24	0.93	1.72	1.18	0.21	0.39	0.53	0.41	0.46	0.53	0.32
Book Value per Share	15.31	15.16	15.04	13.33	13.62	13.98	15.35	15.23	15.23	15.1	14.3	13.63	12.31	11.68
Tangible Book Value per Share	15.31	15.16	15.04	13.33	13.62	13.98	15.35	15.23	15.23	15.1	14.3	13.63	12.31	11.68