Horizon Technology Finance Corporation Financial Ratios — HRZN

Profitability (USD)

	2011 Y	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	12/31/2011	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 (%)	8.55	2.9	2.5	11.26	7.96	-3.29	6.99	9.66	12.25	3.21	12.13	7.5	-5.35	-1.71	-0.81
Return on Assets (%)	5.31	1.82	1.39	6.31	4.69	-1.89	4.05	5.19	6.38	1.69	6.03	3.3	-2.19	-0.69	-0.33
Return on Capital (%)	5.74	1.37	1	4.52	3.43	- -	2.93	4.45	6.53	1.73	6.16	3.37	- -	- -	- -
Return on Invested Capital (%)	5.49	5.36	5.76	5.68	5.71	- -	5.31	6.51	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	71.64	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	90.67	225.52	305.36	95.53	131.99	-1,301.31	140.36	128.05	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	90.67	225.52	305.36	95.53	131.99	-1,301.31	140.36	128.05	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	90.67	-41.64	-2,171.61	-15.29	-3.05	- -	-38.69	66.87	-298.06	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	76.69	57.67	52.9	76.05	79.22	284.25	77.52	87.54	92.66	63.74	84.72	82.07	159	-246.41	-22.14
Profit Margin (%)	74.39	54.51	49.51	75.27	79.22	279.31	77.32	87.32	91.54	61.6	83.51	79.39	174.1	-333.91	-36.87
Net Income to Common Margin (%)	74.39	54.51	49.51	75.27	79.22	279.31	77.32	87.32	91.54	61.6	83.51	79.39	174.1	-333.91	-36.87
Effective Tax Rate (%)	3	5.47	6.4	1.03	- -	- -	0.26	0.26	1.21	3.37	1.42	3.27	- -	- -	- -
Dvd Payout Ratio (%)	75.55	379.05	360.09	84.32	125.57	-318.69	142.28	105.06	79.97	334.95	88.37	141.11	-235.8	-823.18	-1,995.26
Sustainable Growth Rate (%)	2.09	-8.1	-6.5	1.77	-2.03	-13.76	-2.96	-0.49	2.45	-7.54	1.41	-3.08	-17.97	-15.75	-17.03

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	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	12/31/2011	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	129	178	245	164	230	191	188	127	152	186	258	434	462	468	473
ST Debt	65	89	122	82	116	96	94	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	65	89	122	82	115	96	94	127	152	186	258	434	462	468	473
Total Debt/EBITDA	9.64	10.78	11.31	8.35	11.67	8.35	10.81	6.65	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	4.72	5.33	4.48	3.74	4.8	2.55	5.02	5.99	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	9.64	10.78	11.31	8.35	11.67	8.35	10.81	6.65	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	4.72	5.33	4.48	3.74	4.8	2.55	5.02	5.99	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	65.66	60.49	51.5	61.39	56.87	58.18	57.69	50.33	53.5	52.21	47.73	41.53	40.38	40.91	39.27
Long-Term Debt/Equity (%)	49.71	61.4	90.07	59.14	71.96	68.68	69.65	94.49	82.61	87.4	105	136.31	142.67	139.18	148.52
Long-Term Debt/Capital (%)	24.93	27.56	32.15	27.09	29.46	28.93	29.11	48.58	45.24	46.64	51.22	57.68	58.79	58.19	59.76
Long-Term Debt/Total Assets (%)	32.64	37.14	46.39	36.3	40.92	39.96	40.18	47.56	44.2	45.64	50.12	56.61	57.61	56.93	58.32
Total Debt/Equity (%)	99.43	122.81	180.13	118.27	144.29	137.36	139.29	94.49	82.61	87.4	105	136.31	142.67	139.18	148.52
Total Debt/Capital (%)	49.86	55.12	64.3	54.19	59.06	57.87	58.21	48.58	45.24	46.64	51.22	57.68	58.79	58.19	59.76
Total Debt/Total Assets (%)	65.29	74.29	92.78	72.61	82.06	79.91	80.36	47.56	44.2	45.64	50.12	56.61	57.61	56.93	58.32
Net Debt to Equity	48.72	60.68	71.41	53.05	59.33	42	64.76	85.11	-3.51	-9.17	-15.51	-6.47	-14.39	-20.9	-33.13
Net Debt/Capital (%)	24.55	27.32	27.31	25	25.65	19.94	27.63	45.98	-1.96	-5.15	-8.19	-2.82	-6.3	-9.58	-15.38
EBITDA	13	17	22	20	20	23	17	19	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	13	17	22	20	20	23	17	19	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	13	17	22	20	20	23	17	19	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	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	12/31/2011	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	0.22	0.04	0.25	0.13	0.17	0.37	0.07	2.23	- -	- -	- -	- -	- -	- -	- -
Current Ratio	0.29	0.07	0.33	0.23	0.26	0.43	0.11	2.94	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	0.26	0.07	0.29	0.19	0.22	0.43	0.11	2.94	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	-0.12	-0.44	0.06	0.34	-0.3	0.47	-0.15	-0.23	-18.23	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	65.66	60.49	51.5	61.39	56.87	58.18	57.69	50.33	53.5	52.21	47.73	41.53	40.38	40.91	39.27
Long-Term Debt/Equity (%)	49.71	61.4	90.07	59.14	71.96	68.68	69.65	94.49	82.61	87.4	105	136.31	142.67	139.18	148.52
Long-Term Debt/Capital (%)	24.93	27.56	32.15	27.09	29.46	28.93	29.11	48.58	45.24	46.64	51.22	57.68	58.79	58.19	59.76
Long-Term Debt/Total Assets (%)	32.64	37.14	46.39	36.3	40.92	39.96	40.18	47.56	44.2	45.64	50.12	56.61	57.61	56.93	58.32
Total Debt/Equity (%)	99.43	122.81	180.13	118.27	144.29	137.36	139.29	94.49	82.61	87.4	105	136.31	142.67	139.18	148.52
Total Debt/Capital (%)	49.86	55.12	64.3	54.19	59.06	57.87	58.21	48.58	45.24	46.64	51.22	57.68	58.79	58.19	59.76
Total Debt/Total Assets (%)	65.29	74.29	92.78	72.61	82.06	79.91	80.36	47.56	44.2	45.64	50.12	56.61	57.61	56.93	58.32
CFO/Total Liabilities	-5.92	-38.11	5.08	42.18	-25.86	52.28	-14.98	-9.1	-32.14	-12.99	-28.29	-54.93	-1.1	0.81	11.5
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.14	0.73	0.56	0.94	0.56	0.75	0.36	0.69	0.64	0.61	0.67	0.34	0.32	0.13	-0.05

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	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	12/31/2011	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

Accounts Receivable Turnover	- -	- -	3.34	9.67	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	109.22	37.75	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	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	12/31/2011	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	125	143	137	135	135	121	129	130	201	255	338	322	439	358	294
- Cash & Cash Equivalents	1	1	25	8	21	37	7	13	6	20	38	21	47	70	106
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	129	178	245	164	230	191	188	127	152	186	258	434	462	468	473
Enterprise Value	239	317	349	287	345	275	311	244	347	422	557	735	855	756	662
Total Capital	259	323	381	302	390	330	323	261	336	398	503	753	786	804	792
Total Debt/Capital (%)	49.86	55.12	64.3	54.19	59.06	57.87	58.21	48.58	45.24	46.64	51.22	57.68	58.79	58.19	59.76
Total Debt / EV	0.54	0.56	0.7	0.57	0.67	0.69	0.61	0.52	0.44	0.44	0.46	0.59	0.54	0.62	0.71
EV/Sales	16.17	43.32	49.22	13.99	23.04	- -	25.06	16.38	16.28	40.81	16.75	27.6	- -	448.21	91.68
EV/EBITDA	17.83	19.21	16.12	14.65	17.45	12.03	17.85	12.79	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	17.83	19.21	16.12	14.65	17.45	12.03	17.85	12.79	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	53.66	7.82	- -	5.26	- -	- -	- -	- -	- -	- -	- -	192.06	11.69
EV/Free Cash Flow to Firm	- -	- -	53.66	7.82	- -	5.26	- -	- -	- -	- -	- -	- -	- -	192.06	11.69
Diluted Market Cap	124	127	136	135	131	122	129	130	174	232	319	287	408	325	273
Diluted Enterprise Value	252	304	356	290	341	276	311	244	320	398	538	700	823	722	641
EV per Share	31.29	33.15	36.29	29.79	29.89	23.91	26.98	21.16	22.28	21.86	26.27	26.5	25.63	18.96	14.51
TTM Sales	15	7	7	20	15	-2	12	15	21	10	33	27	-10	2	7
TTM EBITDA	13	17	22	20	20	23	17	19	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	13	17	22	20	20	23	17	19	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-1	-36	6	37	-31	52	-15	-12	-51	-25	-76	-246	-5	4	57
TTM Free Cash Flow to Firm	-1	-36	6	37	-31	52	-15	-12	-51	-25	-76	-246	-5	4	57

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	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	12/31/2011	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	-30.87	-3.51	20.95	3.67	-4.19	2.32	-8.71	-10.76	-3.39	-9.18	-4.2	-1.16	-77.57	82.44	4.82
EV/EBIT	17.83	19.21	16.12	14.65	17.45	12.03	17.85	12.79	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	239	317	349	287	345	275	311	244	347	422	557	735	855	756	662
Low Price	12.24	13.46	12.77	12.17	9.04	9.01	9.66	9.92	11	4.51	12.23	9.67	10.14	8.46	5.71
EV/Sales	16.17	43.32	49.22	13.99	23.04	- -	25.06	16.38	16.28	40.81	16.75	27.6	- -	448.21	91.68
EV/EBITDA	17.83	19.21	16.12	14.65	17.45	12.03	17.85	12.79	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	11.3	31.71	38.82	8.72	11.06	- -	13.47	9.97	8.94	36.48	11.48	13.56	- -	- -	- -
Price/Earnings Average	10.82	34.3	38.78	8.67	11.66	-28.05	13.32	9.64	8.35	31.78	11.61	15.16	-21.81	-72.5	-122.23
Price/Earnings High	11.49	38.61	43.71	9.4	13.76	-32.78	14.11	10.72	9.32	37.97	13.75	19.34	-24.32	-88	-158.99
Price/Earnings Low	8.47	28.6	34.89	7.59	8.53	-21.17	11.6	8.79	7.6	12.43	8.82	11.3	-18.27	-54.22	-90.87
Price/Book Value	0.96	0.98	1.01	0.97	0.85	0.87	0.96	0.97	1.09	1.2	1.38	1.01	1.36	1.07	0.92
Price/Book Value Average	0.92	1.06	1	0.97	0.89	0.99	0.95	0.93	1.02	1.05	1.39	1.13	1.25	1.34	1.1
Price/Book Value High	0.98	1.2	1.13	1.05	1.05	1.15	1	1.04	1.14	1.25	1.65	1.44	1.39	1.63	1.43
Price/Book Value Low	0.72	0.89	0.9	0.85	0.65	0.75	0.82	0.85	0.93	0.41	1.06	0.84	1.04	1	0.82
Price/Tangible Book Value	0.96	0.98	1.01	0.97	0.85	0.87	0.96	0.97	1.09	1.2	1.38	1.01	1.36	1.07	0.92
Price/Tangible Book Value Average	0.92	1.06	1	0.97	0.89	0.99	0.95	0.93	1.02	1.05	1.39	1.13	1.25	1.34	1.1
Price/Tangible Book Value High	0.98	1.2	1.13	1.05	1.05	1.15	1	1.04	1.14	1.25	1.65	1.44	1.39	1.63	1.43
Price/Tangible Book Value Low	0.72	0.89	0.9	0.85	0.65	0.75	0.82	0.85	0.93	0.41	1.06	0.84	1.04	1	0.82
Price/Sales	8.4	17.29	19.22	6.57	8.76	-69.1	10.42	8.7	8.18	22.47	9.58	10.77	-41.3	192.4	37.84
Price/Sales Average	8.05	18.7	19.2	6.52	9.24	-78.34	10.3	8.42	7.64	19.58	9.7	12.04	-37.96	242.09	45.06
Price/Sales High	8.55	21.05	21.64	7.07	10.9	-91.55	10.91	9.36	8.53	23.39	11.49	15.35	-42.34	293.84	58.61
Price/Sales Low	6.3	15.59	17.27	5.71	6.75	-59.13	8.97	7.67	6.96	7.65	7.36	8.97	-31.8	181.06	33.5
Price/Cash Flow	-30.87	-3.51	20.95	3.67	-4.19	2.32	-8.71	-10.76	-3.39	-9.18	-4.2	-1.16	-77.57	82.44	4.82
Price/Cash Flow Average	-29.58	-3.79	20.93	3.65	-4.41	2.63	-8.61	-10.4	-3.17	-8	-4.25	-1.3	-71.3	103.74	5.74
Price/Cash Flow High	-31.4	-4.27	23.59	3.95	-5.21	3.08	-9.12	-11.57	-3.53	-9.56	-5.03	-1.66	-79.52	125.91	7.47
Price/Cash Flow Low	-23.16	-3.16	18.83	3.19	-3.23	1.99	-7.5	-9.48	-2.88	-3.13	-3.22	-0.97	-59.72	77.58	4.27
Price/Free Cash Flow Average	-29.58	-3.79	20.93	3.65	-4.41	2.63	-8.61	-10.4	-3.17	-8	-4.25	-1.3	-71.3	103.74	5.74
Price/Free Cash Flow High	-31.4	-4.27	23.59	3.95	-5.21	3.08	-9.12	-11.57	-3.53	-9.56	-5.03	-1.66	-79.52	125.91	7.47
Price/Free Cash Flow Low	-23.16	-3.16	18.83	3.19	-3.23	1.99	-7.5	-9.48	-2.88	-3.13	-3.22	-0.97	-59.72	77.58	4.27
EV/Sales Average	16.73	45.27	50.21	14.09	23.54	- -	24.94	16.09	15.66	37.63	16.87	29.03	- -	503.09	99.45
EV/Sales High	17.22	47.92	52.66	14.64	25.26	- -	25.55	17.04	16.68	41.82	18.77	32.75	- -	560.25	114.05
EV/Sales Low	14.97	41.77	48.28	13.28	20.98	- -	23.61	15.35	14.87	24.52	14.4	25.59	- -	435.68	87
EV/EBITDA Average	18.45	20.07	16.44	14.75	17.84	12.73	17.77	12.57	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	19	21.25	17.24	15.33	19.14	13.75	18.2	13.3	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	16.51	18.52	15.81	13.9	15.9	11.26	16.82	11.99	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	18.45	20.07	16.44	14.75	17.84	12.73	17.77	12.57	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	19	21.25	17.24	15.33	19.14	13.75	18.2	13.3	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	16.51	18.52	15.81	13.9	15.9	11.26	16.82	11.99	- -	- -	- -	- -	- -	- -	- -
Last Price	16.32	14.92	14.21	13.99	11.73	10.53	11.22	11.25	12.93	13.24	15.92	11.6	13.17	8.99	6.45
High Price	16.6	18.17	16	15.07	14.59	13.95	11.75	12.1	13.48	13.78	19.08	16.54	13.5	13.73	9.99
Enterprise Value Average	247	331	356	289	352	291	309	240	333	389	561	773	820	849	718
Enterprise Value High	255	351	373	300	378	315	317	254	355	432	624	873	866	945	823
Enterprise Value Low	221	306	342	272	314	258	293	229	317	253	479	682	754	735	628

Shares Outstanding	8	10	10	10	12	12	12	12	16	19	21	28	33	40	46
Diluted Weighted Avg Shares	8	8	10	10	11	12	12	12	13	18	20	25	31	36	42
Basic Weighted Avg Shares	8	8	10	10	11	12	12	12	13	18	20	25	31	36	42
Revenue per Share	1.94	0.86	0.74	2.13	1.34	-0.15	1.08	1.29	1.58	0.59	1.66	1.08	-0.32	0.05	0.17
EBITDA per Share	1.76	1.95	2.26	2.04	1.77	1.98	1.51	1.66	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	1.76	1.95	2.26	2.04	1.77	1.98	1.51	1.66	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.44	0.47	0.37	1.6	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16	-0.06
Basic EPS from Cont Ops	1.44	0.47	0.37	1.6	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16	-0.06
Diluted EPS, GAAP	1.44	0.47	0.37	1.6	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16	-0.06
Diluted EPS from Cont Ops	1.44	0.47	0.37	1.6	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16	-0.06
Dividend per Share	1.09	1.78	1.32	1.35	1.33	1.36	1.18	1.19	1.16	1.22	1.23	1.21	1.31	1.28	1.25
Cash Flow per Share	-0.53	-4.25	0.68	3.81	-2.8	4.53	-1.29	-1.05	-3.81	-1.44	-3.79	-9.96	-0.17	0.11	1.34
Free Cash Flow per Basic Share	-0.53	-4.25	0.68	3.81	-2.8	4.53	-1.29	-1.05	-3.81	-1.44	-3.79	-9.96	-0.17	0.11	1.34
Cash & Equivalents per Share	1.94	0.38	3.38	1.18	1.82	3.23	0.57	1.09	0.42	1.01	1.79	0.74	1.4	1.76	2.31
Book Value per Share	17.01	15.15	14.14	14.36	13.85	12.09	11.72	11.64	11.83	11.02	11.56	11.47	9.71	8.43	6.98
Tangible Book Value per Share	17.01	15.15	14.14	14.36	13.85	12.09	11.72	11.64	11.83	11.02	11.56	11.47	9.71	8.43	6.98

Horizon Technology Finance Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)