Horizon Technology Finance Corporation 4.875% Notes due 2026 (HTFB) Financials

$25.72

$0.71 (2.84%)

As on 29-Jan-2026 14:10EDT

Market cap

$344 Mln

Revenue (TTM)

$18 Mln

P/E Ratio

21

P/B Ratio

0

Div. Yield

5.2 %

Annual
Quarterly

Income Statement ($ Mln)	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Operating Revenue	40.91	33.94	19.10	26.64	33.27	10.33
Cost of Revenue	13.26	32.26	28.97	19.98	15.96	23.87
Gross Profit	27.65	1.69	-9.87	26.64	33.27	10.33
Operating Expenses	-5.32	5.84	5.82	4.78	5.08	3.75
Operating Profit (EBIT)	32.96	-4.16	-15.70	41.07	28.18	6.59
Other Income	--	--	--	--	--	--
Profit before Tax	-2.66	-4.16	-15.70	21.87	28.18	6.59
Provision for Tax	1.06	1.48	1.49	0.72	0.40	0.22
Profit after Tax (Net Income)	45.48	-5.63	-17.19	21.15	27.78	6.36
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	21.15	27.78	6.36

Liabilities ($ Mln)	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Shareholder's Funds	318.50	336.18	323.98	318.45	245.34	212.60
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	397.43	467.90	462.24	434.08	257.61	185.82
Current Liabilities	95.17	17.75	16.14	14.30	11.01	8.74
Total Liabilities	811.10	821.83	802.36	766.83	513.96	407.16

Assets ($ Mln)	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Non-Current Assets	693.50	731.67	739.16	729.85	468.39	381.65
Current Assets	117.61	90.16	63.20	36.97	45.57	25.51
Total Assets	811.10	821.83	802.36	766.83	513.96	407.16
Total Debt*	473.03	467.90	462.24	434.08	257.61	185.82
Net Current Assets	--	--	--	--	--	--

Cashflow ($ Mln)	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Cash From Operating Activities	39.96	39.64	50.07	-246.28	-75.99	-25.28
Cash Flow from Investing Activities	16.67	-35.70	-55.33	-372.01	-291.49	-190.23
Cash from Financing Activities	-14.80	21.21	50.51	229.46	75.52	55.66
Net Cash Inflow / Outflow	--	--	--	--	--	--

Financials Ratios	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Adjusted EPS ($)	1.07	-0.16	-0.52	0.79	1.35	0.34
Cash EPS ($)	1.07	-0.16	-0.52	0.79	1.35	0.34
Adjusted Book Value ($)	7.52	9.31	9.72	11.83	11.90	11.31
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	0.94	1.10	1.50	-9.15	-3.68	-1.35
Free Cash Flow per Share ($)	1.34	1.10	1.50	-9.15	-3.68	-1.35

Profitability Ratios	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
ROCE (%)	5.70	-0.71	-2.23	3.37	6.16	1.73
ROE (%)	13.89	-1.71	-5.35	7.50	12.13	3.21
ROA (%)	5.57	-0.69	-2.19	3.30	6.03	1.69
EBIT Margin (%)	--	318.59	543.70	154.15	84.72	63.74
Net Margin (%)	111.17	-16.60	-89.97	79.39	83.51	61.60
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Revenue Growth (%)	0.21	0.78	-0.28	-0.20	2.22	-0.51
EBIT Growth (%)	--	4.13	152.86	45.72	327.92	-66.63
Net Profit Growth (%)	907.31	67.22	-181.25	-23.87	336.55	-67.36
EPS Growth (%)	7.88	0.70	-1.66	-0.42	2.98	-0.74
Book Value Growth (%)	--	--	--	--	--	--

Valuation Ratios	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Price / Earnings	23.33	-157.03	-46.54	29.84	19.26	--
Price / Book Value	3.33	2.63	2.47	1.98	2.18	--
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	47.38	-315.00	-77.27	25.37	25.73	--
Close Price ($)	25.05	24.50	23.99	23.45	25.95	--
High Price ($)	25.23	25.84	24.99	25.95	26.40	--
Low Price ($)	24.50	--	22.31	22.25	25.38	--
Market Cap ($ Cr)	--	--	--	--	--	--

Solvency Ratios	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Debt to Equity	1.49	1.39	1.43	1.36	1.05	0.87
Short term debt to equity ratio	0.30	0.19	0.15	0.10	0.10	0.05
Current Ratio	1.24	5.08	3.92	2.59	4.14	2.92
Quick Ratio	--	--	3.92	56.70	4.14	52.61
Interest Coverage	--	3.35	3.58	2.14	2.34	0.68

Operating Efficiency Ratios	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15
Debtors to sales (%)	29.55	48.78	72.91	50.95	18.50	47.87
Asset Turnover	0.05	0.04	0.02	0.04	0.07	0.03
Receivable days	127.89	164.02	262.93	135.22	60.94	185.17
Inventory Days	--	0.00	-4,878.40	-7,074.38	-4,971.13	-3,380.74
Payable days	388.55	136.84	127.15	141.91	139.07	79.98
Cash Conversion Cycle	--	27.18	-4,742.61	-7,081.07	-5,049.26	-3,275.55