PennantPark Floating Financials

PFLT Stock  USD 11.07  0.01  0.09%   
Based on the key indicators obtained from PennantPark Floating's historical financial statements, PennantPark Floating Rate may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, PennantPark Floating's Cash is comparatively stable compared to the past year. Cash And Short Term Investments is likely to gain to about 120.7 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 6.8 M in 2024. Key indicators impacting PennantPark Floating's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.20.2095
Sufficiently Down
Pretty Stable
Operating Income38.2 M43.4 M
Fairly Down
Slightly volatile
Current Ratio0.940.6757
Significantly Up
Slightly volatile
The essential information of the day-to-day investment outlook for PennantPark Floating includes many different criteria found on its balance sheet. An individual investor should monitor PennantPark Floating's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in PennantPark Floating.

Net Income

24.46 Million

  
Understanding current and past PennantPark Floating Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of PennantPark Floating's financial statements are interrelated, with each one affecting the others. For example, an increase in PennantPark Floating's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in PennantPark Floating's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of PennantPark Floating Rate. Check PennantPark Floating's Beneish M Score to see the likelihood of PennantPark Floating's management manipulating its earnings.

PennantPark Floating Stock Summary

PennantPark Floating competes with TPG, Carlyle Secured, and Brookfield Corp. PennantPark Floating Rate Capital Ltd. is a business development company. In case of floating rate loans, it holds investments for a period of three to ten years. Pennantpark Fltng operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
Foreign Associate
  Israel
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS70806A1060
CUSIP70806A106
LocationNew York; U.S.A
Business Address1691 Michigan Avenue,
SectorCapital Markets
IndustryFinancials
BenchmarkDow Jones Industrial
Websitepflt.pennantpark.com
Phone212 905 1000
CurrencyUSD - US Dollar

PennantPark Floating Key Financial Ratios

PennantPark Floating Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.2B1.2B1.2B1.4B824.8M
Other Current Liab(11.1M)(10.2M)(12.5M)8.0M7.2M6.8M
Net Debt595.7M602.8M624.9M395.4M454.8M333.5M
Retained Earnings(60.9M)(48.2M)(91.0M)(111.6M)(100.5M)(95.5M)
Accounts Payable11.1M10.2M12.5M19.5M22.5M18.6M
Cash57.5M49.8M47.9M100.6M115.6M121.4M
Net Receivables3.7M39.4M11.0M11.0M12.6M10.0M
Other Current Assets173.3K(141.3M)748K894K804.6K844.8K
Total Liab671.0M680.2M696.8M526.0M604.9M401.1M
Total Current Assets61.2M89.2M33.7M111.9M128.7M135.1M
Net Tangible Assets477.3M490.6M527.1M653.6M751.6M507.0M
Short Term Debt129.3B208.3B217.4M259.3M298.2M283.3M
Net Invested Capital1.1B1.1B1.2B1.1B1.3B1.2B

PennantPark Floating Key Income Statement Accounts

The reason investors look at the income statement is to determine what PennantPark Floating's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense27.1M21.7M29.8M38.2M43.9M46.1M
Total Revenue22.7M61.9M11.6M42.2M48.5M32.6M
Gross Profit22.7M61.9M11.6M42.2M48.5M32.5M
Operating Income18.8M56.9M38.2M37.7M43.4M38.2M
Ebit18.8M56.9M38.2M37.7M43.4M37.0M
Ebitda26.5B(41.2B)58.5M37.7M34.0M35.7M
Cost Of Revenue22.1M16.9M1.8M29.3M33.7M17.9M
Income Before Tax18.8M56.9M8.4M37.7M43.4M27.1M
Net Income18.4M56.5M3.5M39.3M45.2M24.5M
Interest Income85.9M69.4M85.2M119.7M137.7M144.5M
Net Interest Income58.8M47.8M55.5M81.5M93.8M98.4M
Research Development0.220.810.040.320.370.35

PennantPark Floating Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(5.8M)(7.7M)(1.9M)49.1M56.4M59.2M
Free Cash Flow(4.9M)49.6M(50.0M)140.6M161.6M169.7M
Other Non Cash Items(24.8B)44.6B(92.6M)136.0M156.4M148.5M
Net Income18.4M56.5M3.5M39.3M45.2M24.2M
End Period Cash Flow57.5M49.8M47.9M100.6M115.6M121.4M
Depreciation24.8B(44.5B)20.3M7.4M6.6M7.0M
Net Borrowings43.3M(13.1M)13.8M(180.5M)(162.4M)(154.3M)
Change To Netincome(19.0M)17.9M(73.0M)98.8M113.6M119.3M

PennantPark Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining PennantPark Floating's current stock value. Our valuation model uses many indicators to compare PennantPark Floating value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across PennantPark Floating competition to find correlations between indicators driving PennantPark Floating's intrinsic value. More Info.
PennantPark Floating Rate is considered to be number one stock in return on equity category among its peers. It is regarded second in return on asset category among its peers reporting about  0.39  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for PennantPark Floating Rate is roughly  2.54 . At this time, PennantPark Floating's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value PennantPark Floating by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

PennantPark Floating Rate Systematic Risk

PennantPark Floating's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. PennantPark Floating volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on PennantPark Floating Rate correlated with the market. If Beta is less than 0 PennantPark Floating generally moves in the opposite direction as compared to the market. If PennantPark Floating Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one PennantPark Floating Rate is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of PennantPark Floating is generally in the same direction as the market. If Beta > 1 PennantPark Floating moves generally in the same direction as, but more than the movement of the benchmark.

PennantPark Floating Thematic Clasifications

PennantPark Floating Rate is part of several thematic ideas from Investing to Management. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in PennantPark Floating Stock are looking for potential investment opportunities by analyzing not only static indicators but also various PennantPark Floating's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of PennantPark Floating growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0205

At this time, PennantPark Floating's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

PennantPark Floating November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of PennantPark Floating help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of PennantPark Floating Rate. We use our internally-developed statistical techniques to arrive at the intrinsic value of PennantPark Floating Rate based on widely used predictive technical indicators. In general, we focus on analyzing PennantPark Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PennantPark Floating's daily price indicators and compare them against related drivers.

Additional Tools for PennantPark Stock Analysis

When running PennantPark Floating's price analysis, check to measure PennantPark Floating's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PennantPark Floating is operating at the current time. Most of PennantPark Floating's value examination focuses on studying past and present price action to predict the probability of PennantPark Floating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Floating's price. Additionally, you may evaluate how the addition of PennantPark Floating to your portfolios can decrease your overall portfolio volatility.