PennantPark Floating Rate Capital Balance Sheet Health
Financial Health criteria checks 1/6
PennantPark Floating Rate Capital has a total shareholder equity of $658.0M and total debt of $671.1M, which brings its debt-to-equity ratio to 102%. Its total assets and total liabilities are $1.4B and $701.0M respectively. PennantPark Floating Rate Capital's EBIT is $111.1M making its interest coverage ratio 3. It has cash and short-term investments of $75.8M.
Key information
102.0%
Debt to equity ratio
US$671.08m
Debt
| Interest coverage ratio | 3x |
| Cash | US$75.83m |
| Equity | US$658.01m |
| Total liabilities | US$701.05m |
| Total assets | US$1.36b |
Recent financial health updates
No updates
Recent updates
PennantPark Floating Rate Capital: When Being Conservative Pays Off
Feb 22PennantPark Floating Rate Capital: One Of My Favorite BDCs, But Market Liquidity Risks Rising
Feb 02PennantPark Floating Rate Capital: Time To Sell This 10% Yielding BDC (Downgrade)
Jan 12PFLT: This BDC Yields Above 10% Despite The Conservative Characteristics
Dec 24PennantPark Floating Rate Capital: Strong Fiscal Q4 Earnings
Dec 10PennantPark Floating Rate: Will There Be Another Dividend Raise?
Nov 21PennantPark Floating Rate: A Fat 11.3% Yield
Sep 14PennantPark Floating Rate Capital: Floating Rate 11% Yield, Earnings Up, But...
Aug 18BlackRock Or PennantPark For Solid 12% Yield?
Jul 05PennantPark Floating Rate Capital: An 11.5% Yield Paid Monthly And At A Small Discount
May 30PennantPark NII of $0.30 in-line, total investment income of $31.34M beats by $1.8M
Feb 08PennantPark declares $0.095 dividend
Feb 02PennantPark Floating Rate Capital falls 7% on primary stock offering
Jan 23PennantPark FQ4 2022 Earnings Preview
Nov 15PennantPark declares $0.095 dividend
Nov 03PennantPark declares $0.095 dividend
Oct 04PennantPark Floating Rate Capital upsizes credit facility to $366M
Sep 21PennantPark declares $0.095 dividend
Sep 02PennantPark declares $0.095 dividend
Jul 05PennantPark: 10% Yield, 14% Discount, Monthly Payer, Benefits From Rising Rates
Jun 24Head-To-Head High Yield Comparison: PennantPark
Apr 17PennantPark Floating Rate Capital: Slow And Steady 8.76% Yield
Feb 02PennantPark Floating Rate: A Monthly Dividend Payer On Fair Value
Jan 25PennantPark Floating Rate Capital Is Set To Underperform
Oct 12PennantPark Floating Rate: This Overlooked Gem Is A Buy, Here's Why
Jul 29PennantPark Floating Rate Capital names new finance chief
Jun 21PennantPark Floating Rate Capital 2021 Q2 - Results - Earnings Call Presentation
May 06PennantPark Floating Rate Capital: Don't Count Your Chickens Before They Hatch
May 03PennantPark declares $0.095 dividend
Feb 02PennantPark declares $0.095 dividend
Jan 05PennantPark declares $0.095 dividend
Dec 022 Dividend Stocks To Buy With Improving Book Values, Both From PennantPark
Nov 29PennantPark NII beats by $0.01, misses on total investment income
Nov 18PennantPark Floating Rate Capital: The Market Is Contradicting Itself When It Comes To BDCs
Nov 11PennantPark declares $0.095 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: PFLT's short term assets ($88.1M) exceed its short term liabilities ($28.2M).
Long Term Liabilities: PFLT's short term assets ($88.1M) do not cover its long term liabilities ($672.9M).
Debt to Equity History and Analysis
Debt Level: PFLT's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: PFLT's debt to equity ratio has increased from 90.5% to 102% 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 (3x coverage).