Mar 31, 2024

Whitehorse Finance Q1 2024 Earnings Report

WhiteHorse Finance reported a strong quarter with core net investment income exceeding regular dividend and maintained conservative underwriting terms.

Key Takeaways

WhiteHorse Finance announced its financial results for the quarter ended March 31, 2024. The Company reported strong core net investment income, well in excess of the regular dividend, and maintained a high pipeline level with opportunities to invest in credits with compelling risk-return characteristics.

WhiteHorse delivered a strong quarter of core net investment income exceeding regular dividend.

The company experienced balanced activity across its portfolio with credit performance and stability.

WhiteHorse continues to underwrite at conservative terms amidst an aggressive lending market.

The pipeline level remains high with opportunities to invest in credits with compelling risk-return characteristics.

Total Revenue
$25.5M
Previous year: $26.2M
-2.6%
EPS
$0.465
Previous year: $0.461
+0.9%
Weighted Average Effective Yield
13.7%
Previous year: 13.2%
+3.8%
Cash and Equivalents
$10.7M
Previous year: $22.2M
-51.7%
Free Cash Flow
$4.94M
Total Assets
$698M
Previous year: $781M
-10.6%

Whitehorse Finance

Whitehorse Finance

Forward Guidance

The Company's board of directors has declared a distribution of $0.385 per share with respect to the quarter ending June 30, 2024. The distribution will be payable on July 2, 2024 to stockholders of record as of June 18, 2024.