PennantPark Floating Rate Capital Ltd.

NYSE:PFLT Stock Report

Market Cap: US$812.8m

PennantPark Floating Rate Capital Balance Sheet Health

Financial Health criteria checks 1/6

PennantPark Floating Rate Capital has a total shareholder equity of $816.7M and total debt of $896.4M, which brings its debt-to-equity ratio to 109.8%. Its total assets and total liabilities are $1.8B and $940.2M respectively. PennantPark Floating Rate Capital's EBIT is $127.9M making its interest coverage ratio 2.6. It has cash and short-term investments of $84.6M.

Key information

109.8%

Debt to equity ratio

US$896.38m

Debt

Interest coverage ratio2.6x
CashUS$84.59m
EquityUS$816.73m
Total liabilitiesUS$940.17m
Total assetsUS$1.76b

Recent financial health updates

No updates

Recent updates

PFLT: High Monthly Income, But Coverage Looking Pressured

Nov 07

PennantPark Floating Rate Capital: Weak Dividend Coverage Offset By Increased Investment Activity

Oct 25

PFLT: Dividend Coverage Of 103% Is Safer Than It Seems

Aug 20

PFLT: Is This 10% Dividend Income Suitable For You

Jul 17

PennantPark Floating Rate Capital: Q2 Proves Again That It Is One Of The Best BDCs Out There

May 13

PennantPark Floating Rate Capital: A More Reliable Alternative To PNNT

Apr 29

PennantPark Floating Rate Capital: When Being Conservative Pays Off

Feb 22

PennantPark Floating Rate Capital: One Of My Favorite BDCs, But Market Liquidity Risks Rising

Feb 02

PennantPark Floating Rate Capital: Time To Sell This 10% Yielding BDC (Downgrade)

Jan 12

PFLT: This BDC Yields Above 10% Despite The Conservative Characteristics

Dec 24

PennantPark Floating Rate Capital: Strong Fiscal Q4 Earnings

Dec 10

PennantPark Floating Rate: Will There Be Another Dividend Raise?

Nov 21

PennantPark Floating Rate: A Fat 11.3% Yield

Sep 14

PennantPark Floating Rate Capital: Floating Rate 11% Yield, Earnings Up, But...

Aug 18

BlackRock Or PennantPark For Solid 12% Yield?

Jul 05

PennantPark Floating Rate Capital: An 11.5% Yield Paid Monthly And At A Small Discount

May 30

PennantPark NII of $0.30 in-line, total investment income of $31.34M beats by $1.8M

Feb 08

PennantPark declares $0.095 dividend

Feb 02

PennantPark Floating Rate Capital falls 7% on primary stock offering

Jan 23

PennantPark FQ4 2022 Earnings Preview

Nov 15

PennantPark declares $0.095 dividend

Nov 03

PennantPark declares $0.095 dividend

Oct 04

PennantPark Floating Rate Capital upsizes credit facility to $366M

Sep 21

PennantPark declares $0.095 dividend

Sep 02

PennantPark declares $0.095 dividend

Jul 05

PennantPark: 10% Yield, 14% Discount, Monthly Payer, Benefits From Rising Rates

Jun 24

Head-To-Head High Yield Comparison: PennantPark

Apr 17

PennantPark Floating Rate Capital: Slow And Steady 8.76% Yield

Feb 02

PennantPark Floating Rate: A Monthly Dividend Payer On Fair Value

Jan 25

PennantPark Floating Rate Capital Is Set To Underperform

Oct 12

PennantPark Floating Rate: This Overlooked Gem Is A Buy, Here's Why

Jul 29

PennantPark Floating Rate Capital names new finance chief

Jun 21

PennantPark Floating Rate Capital 2021 Q2 - Results - Earnings Call Presentation

May 06

PennantPark Floating Rate Capital: Don't Count Your Chickens Before They Hatch

May 03

PennantPark declares $0.095 dividend

Feb 02

PennantPark declares $0.095 dividend

Jan 05

PennantPark declares $0.095 dividend

Dec 02

2 Dividend Stocks To Buy With Improving Book Values, Both From PennantPark

Nov 29

PennantPark NII beats by $0.01, misses on total investment income

Nov 18

PennantPark Floating Rate Capital: The Market Is Contradicting Itself When It Comes To BDCs

Nov 11

PennantPark declares $0.095 dividend

Nov 03

Financial Position Analysis

Short Term Liabilities: PFLT's short term assets ($98.0M) exceed its short term liabilities ($42.2M).

Long Term Liabilities: PFLT's short term assets ($98.0M) do not cover its long term liabilities ($897.9M).

Debt to Equity History and Analysis

Debt Level: PFLT's net debt to equity ratio (99.4%) is considered high.

Reducing Debt: PFLT's debt to equity ratio has increased from 108.5% to 109.8% over the past 5 years.

Debt Coverage: PFLT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PFLT's interest payments on its debt are not well covered by EBIT (2.6x coverage).

Balance Sheet