Portfolio

10 companies · updated Mon, Nov 9

Sample data

$142.6M

+$4.5M vs last month

New

$31.8M

+$1.9M vs last month

New

13.6%

−0.5 pts vs last quarter

6 of 10

2 at risk · 4 watch

Needs you today

3 urgent

Corvid Logistics (red alert)
Payroll is $0.31M short. It runs Wednesday.
Review: Corvid Logistics
Halcyon Home Health (red alert)
Cash fell below its $1.0M minimum.
Review: Halcyon Home Health
Brightwater Packaging (red alert)
A $46k customer payment landed outside the controlled account.
Open company: Brightwater Packaging

Waiting for your approval

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Ready to approve: 1
Needs your decision: 2
Blocked by documents or policy: 2

Review 5 requests

Companies

Portfolio companies. Column headers sort the table; each company name opens its detail page.

Corvid Logistics	At risk	$0.6M	3 wks	DSCR · breached	Worse
Halcyon Home Health	At risk	$0.9M	5 wks	DSCR · breached	Worse
Pioneer Ag Supply	Watch	$2.1M	7 wks	DSCR · 7.5% room	Worse
Northgate Restaurants	Watch	$1.7M	9 wks	DSCR · 3.3% room	Flat
Tidewater Marine Services	Watch	$1.4M	10 wks	Min cash · 12.0% room	Flat
Brightwater Packaging	Watch	$2.4M	11 wks	Net leverage · 8.6% room	Worse
Keystone Dental Labs	On track	$2.6M	15 wks	Net leverage · 13.3% room	Better
Sablewood Furniture	On track	$3.9M	19 wks	Net leverage · 15.6% room	Better
Ironclad Fabrication	On track	$5.6M	26 wks	Net leverage · 22.2% room	Better
Lumen Specialty Pharmacy	On track	$6.8M	34 wks	Net leverage · 31.1% room	Better

Weekly cash, next 13 weeks

Projected ending cash in $M · updated Tuesdays

Shaded with ▾: below the company minimum

Projected ending cash in millions of dollars for each company, next 13 weeks. Cells marked below minimum fall under that company's minimum cash.
Company	Min	Nov 13	Nov 20	Nov 27	Dec 4	Dec 11	Dec 18	Dec 25	Jan 1	Jan 8	Jan 15	Jan 22	Jan 29	Feb 5
Corvid	0.75	0.5 below minimum	0.4 below minimum	0.6 below minimum	0.3 below minimum	0.2 below minimum	0.4 below minimum	0.1 below minimum	0.0 below minimum	0.2 below minimum	0.1 below minimum	0.0 below minimum	0.1 below minimum	0.0 below minimum
Halcyon	1.00	0.9 below minimum	0.8 below minimum	0.8 below minimum	0.7 below minimum	0.9 below minimum	0.8 below minimum	0.7 below minimum	0.6 below minimum	0.8 below minimum	0.7 below minimum	0.6 below minimum	0.7 below minimum	0.6 below minimum
Pioneer	1.50	1.9	1.7	1.6	1.4 below minimum	1.5	1.3 below minimum	1.6	1.8	1.7	1.9	2.1	2.0	2.2
Northgate	1.00	1.6	1.5	1.3	1.2	1.4	1.1	0.9 below minimum	1.0	1.2	1.3	1.1	1.2	1.4
Tidewater	1.25	1.3	1.2 below minimum	1.4	1.3	1.1 below minimum	1.3	1.5	1.4	1.6	1.5	1.7	1.6	1.8
Brightwater	1.50	2.2	2.0	1.8	2.1	1.7	1.6	1.9	2.2	2.0	2.3	2.5	2.4	2.6
Keystone	1.25	2.7	2.6	2.8	2.7	2.9	2.8	3.0	2.9	3.1	3.0	3.2	3.1	3.3
Sablewood	1.50	4.0	4.1	3.9	4.2	4.0	4.3	4.4	4.2	4.5	4.6	4.4	4.7	4.8
Ironclad	2.00	5.8	6.0	5.7	6.1	6.3	6.0	6.4	6.6	6.5	6.8	7.0	6.9	7.2
Lumen	2.00	7.0	7.2	7.1	7.4	7.6	7.5	7.8	8.0	7.9	8.2	8.4	8.3	8.6

Exposure by instrument

Capital out $142.6M

Credit · 5 companies$74.1M · 52.0%
- Ironclad$18.0M
- Pioneer$16.0M
- Sablewood$14.6M
- Halcyon$13.5M
- Keystone$12.0M
Hybrid · 3 companies$35.0M · 24.5%
- Brightwater$18.5M
- Corvid$9.0M
- Tidewater$7.5M
Equity · 2 companies$33.5M · 23.5%
- Lumen$19.5M
- Northgate$14.0M

Monitoring status

Data feeds across the 10 companies

Today

Monitoring feeds across the portfolio
Feed	Connected	Stale 24h+	Not set up
Bank accounts	9	1	0
Accounting	8	2	0
Payroll	10	0	0
UCC liens	10	0	0
IRS and state tax	7	0	3
Controlled accounts (DACA)	6	1	3
Court records	10	0	0

New marks a measure Your Cohort adds to Thorne’s reporting · fictional companies and figures · thresholds are placeholders · select or hover any dotted label for its definition