Portman Ridge Finance Balance Sheet Health
Financial Health criteria checks 2/6
Portman Ridge Finance has a total shareholder equity of $173.5M and total debt of $253.3M, which brings its debt-to-equity ratio to 146%. Its total assets and total liabilities are $438.8M and $265.3M respectively. Portman Ridge Finance's EBIT is $41.5M making its interest coverage ratio 2.1. It has cash and short-term investments of $9.2M.
Key information
146.01%
Debt to equity ratio
US$253.35m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$9.23m |
| Equity | US$173.51m |
| Total liabilities | US$265.27m |
| Total assets | US$438.78m |
Recent financial health updates
No updates
Recent updates
Portman Ridge Finance: NAV Continues To Slide (Rating Downgrade)
Mar 17Portman Ridge Finance: Vulnerable To Higher Interest Rates
Dec 31Portman Ridge Finance: A Year Later, I Still Rate This 14% Yielding BDC A Hold
Jul 09Portman Ridge Finance's Transformation Is Nearly Complete, So It's Time To Reconsider This 14.5% Yielding BDC
Mar 11Portman Ridge: Bear Market Bites The BDC Business
Oct 17Portman Ridge Finance NII of $0.57 misses by $0.13, Total investment income of $15.04M misses by $1.45M
Aug 09Portman Ridge: This 11% Yielding BDC Offers Growth At A Reasonable Price
Jun 25Portman's Growing Pains Should Be Over - Increase In Q4 Dividend Expected
Mar 09Portman Ridge - Revisiting An Old Friend Pays Dividends
Jan 28Financial Position Analysis
Short Term Liabilities: PTMN's short term assets ($29.5M) exceed its short term liabilities ($11.9M).
Long Term Liabilities: PTMN's short term assets ($29.5M) do not cover its long term liabilities ($253.3M).
Debt to Equity History and Analysis
Debt Level: PTMN's net debt to equity ratio (140.7%) is considered high.
Reducing Debt: PTMN's debt to equity ratio has increased from 108.9% to 146% over the past 5 years.
Debt Coverage: PTMN's debt is well covered by operating cash flow (22.4%).
Interest Coverage: PTMN's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/22 00:28 |
| End of Day Share Price | 2025/05/22 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Portman Ridge Finance Corporation is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Chiaverini | BMO Capital Markets U.S. (Historical) |
| Andrew Kerai | B. Riley Wealth |
| David Chiaverini | Cantor Fitzgerald & Co. |