PennantPark Investment Balance Sheet Health
Financial Health criteria checks 0/6
PennantPark Investment has a total shareholder equity of $499.1M and total debt of $695.4M, which brings its debt-to-equity ratio to 139.3%. Its total assets and total liabilities are $1.3B and $768.1M respectively. PennantPark Investment's EBIT is $112.8M making its interest coverage ratio 2.9. It has cash and short-term investments of $36.9M.
Key information
139.3%
Debt to equity ratio
US$695.35m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$36.89m |
| Equity | US$499.14m |
| Total liabilities | US$768.10m |
| Total assets | US$1.27b |
Recent financial health updates
No updates
Recent updates
PennantPark Investment: Higher Yielding Monthly Distribution, But Lower Total Return
Apr 02PennantPark Investment: From Suboptimal To Completely Unattractive Investment
Mar 15PennantPark Investment Remains Attractive After Solid Q4 Results
Feb 20PennantPark Investment: 12% Yielding BDC
Feb 11PennantPark Investment: Not Ticking All The Necessary Boxes For A Solid Defense
Jan 07PennantPark Investment: Buy For Dividend, Treat As Cyclical
Dec 04PennantPark Investment: Should You Buy The 13% Yield For 2024?
Nov 27PennantPark: Attractive Yield At A Discount
Oct 13PennantPark Investment: Strong Performance, Monthly Dividend, But Over-Diversified Portfolio
Sep 18PennantPark Investment: A Growing 12%+ Yielder
Sep 12PennantPark: Buying Undervalued Assets In An Overvalued Debt Market
Aug 08PennantPark: Big Win From Dominion/Fox Settlement
Jun 11PennantPark Investment raises quarterly dividend by 12.1% to $0.185/share
Feb 08PennantPark: A Smart Investment To Avoid Recessionary Headwinds
Jan 14PennantPark Investment FQ4 2022 Earnings Preview
Nov 15PennantPark Investment NII of $0.16 beats by $0.06, Total investment income of $23.35M misses by $0.16M
Aug 03PennantPark: Going All In Is A Recipe For Disaster
Jul 11Rose's Income Garden 87 Stock Portfolio November Transactions With 8+ Buy Ideas
Dec 29Dividend Increase Coming For PennantPark
Nov 21PennantPark Investment appoints Richard Cheung as new CFO
Jun 21PennantPark Investment 2021 Q2 - Results - Earnings Call Presentation
May 06PennantPark Investment declares $0.12 dividend
Dec 02PennantPark Investment: 11.3% Yield With Large Discount To NAV
Nov 21PennantPark Investment misses on total investment income
Nov 19Financial Position Analysis
Short Term Liabilities: PNNT's short term assets ($56.5M) do not cover its short term liabilities ($72.7M).
Long Term Liabilities: PNNT's short term assets ($56.5M) do not cover its long term liabilities ($695.4M).
Debt to Equity History and Analysis
Debt Level: PNNT's net debt to equity ratio (131.9%) is considered high.
Reducing Debt: PNNT's debt to equity ratio has increased from 91.3% to 139.3% over the past 5 years.
Debt Coverage: PNNT's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: PNNT's interest payments on its debt are not well covered by EBIT (2.9x coverage).