PennantPark Floating Rate Capital (PFLT) Financials

$10.46 +0.06 (+0.53%)

As of 12:18 PM Eastern

Annual Income Statements for PennantPark Floating Rate Capital

This table shows PennantPark Floating Rate Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	176	57	3.45	39	92
Consolidated Net Income / (Loss)	176	57	3.45	39	92
Net Income / (Loss) Continuing Operations	176	57	3.45	39	92
Total Pre-Tax Income	176	57	8.02	37	92
Total Revenue	233	111	70	111	200
Net Interest Income / (Expense)	91	65	90	122	181
Total Interest Income	118	65	90	122	181
Investment Securities Interest Income	118	65	90	122	181
Total Interest Expense	27	0.00	0.00	0.00	0.00
Total Non-Interest Income	142	46	-20	-11	20
Other Service Charges	3.60	4.47	4.28	1.90	5.64
Net Realized & Unrealized Capital Gains on Investments	43	41	-25	-13	14
Total Non-Interest Expense	58	55	62	74	109
Insurance Policy Acquisition Costs	9.30	5.34	12	17	18
Other Operating Expenses	34	38	45	55	91
Depreciation Expense	14	12	4.94	2.28	0.03
Income Tax Expense	-	0.00	4.57	-2.51	-0.04
Basic Earnings per Share	-	$1.46	$0.08	$0.77	$1.40
Weighted Average Basic Shares Outstanding	-	-	45.35M	58.73M	83.23M
Diluted Earnings per Share	$0.47	$1.46	$0.08	$0.77	$1.40
Weighted Average Diluted Shares Outstanding	-	-	45.35M	58.73M	83.23M
Basic & Diluted Earnings per Share	-	$1.46	$0.08	$0.77	$1.40
Weighted Average Basic & Diluted Shares Outstanding	-	-	45.35M	58.73M	83.23M

This table shows PennantPark Floating Rate Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q2 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-5.09	-30	-1.62	7.24	5.59	14	22	31	17	31	1.23
Consolidated Net Income / (Loss)	-5.09	-53	-1.62	7.84	5.59	14	22	31	17	31	1.67
Net Income / (Loss) Continuing Operations	-5.09	-53	-1.62	7.84	5.59	14	22	31	17	31	1.67
Total Pre-Tax Income	-5.09	-51	-0.90	3.89	5.59	12	22	31	17	27	1.22
Total Revenue	8.80	-29	15	23	31	15	41	56	44	83	38
Net Interest Income / (Expense)	26	32	31	26	31	63	33	47	47	107	58
Total Interest Income	26	18	31	26	31	33	33	47	47	67	58
Investment Securities Interest Income	26	18	31	26	31	33	33	47	47	67	58
Total Interest Expense	0.00	-14	0.00	0.00	0.00	-30	0.00	0.00	0.00	-40	0.00
Total Non-Interest Income	-17	-62	-17	-3.59	-0.36	-48	7.93	9.01	-3.23	-24	-20
Other Service Charges	0.29	0.48	0.14	0.59	0.73	0.44	1.76	1.27	0.72	1.88	0.63
Net Realized & Unrealized Capital Gains on Investments	-18	-62	-17	-4.18	-1.09	-48	6.17	7.74	-3.95	-	-21
Total Non-Interest Expense	14	21	16	19	25	3.74	19	25	27	52	36
Insurance Policy Acquisition Costs	2.58	-	3.43	4.19	4.63	-	4.86	4.77	5.31	-	6.26
Other Operating Expenses	11	17	14	14	15	-5.04	14	20	22	39	30
Depreciation Expense	-0.03	-	-2.07	1.16	5.75	-	0.06	-0.04	-0.02	-	-0.00
Income Tax Expense	0.00	-	0.73	-3.95	0.00	-	0.00	-0.23	0.00	-	-0.45
Basic Earnings per Share	($0.12)	-	($0.04)	$0.15	$0.11	-	$0.38	$0.51	$0.25	-	$0.01
Weighted Average Basic Shares Outstanding	-	45.35M	49.68M	49.73M	58.73M	58.73M	87.96M	66.73M	73.42M	83.23M	99.22M
Diluted Earnings per Share	($0.12)	-	($0.04)	$0.15	$0.11	-	$0.38	$0.51	$0.25	-	$0.01
Weighted Average Diluted Shares Outstanding	-	45.35M	49.68M	49.73M	58.73M	58.73M	87.96M	66.73M	73.42M	83.23M	99.22M
Basic & Diluted Earnings per Share	($0.12)	-	($0.04)	$0.15	$0.11	-	$0.38	$0.51	$0.25	-	$0.01
Weighted Average Basic & Diluted Shares Outstanding	-	45.35M	49.68M	49.73M	58.73M	58.73M	87.96M	66.73M	73.42M	83.23M	99.22M

This table details how cash moves in and out of PennantPark Floating Rate Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Change in Cash & Equivalents	-5.85	-6.52	1.12	49	11
Net Cash From Operating Activities	-4.94	50	-47	141	-801
Net Cash From Continuing Operating Activities	-4.94	50	-47	141	-801
Net Income / (Loss) Continuing Operations	18	57	3.45	39	92
Consolidated Net Income / (Loss)	18	57	3.45	39	92
Depreciation Expense	-	12	4.94	2.28	0.03
Amortization Expense	-1.12	-2.28	-3.46	-3.79	-2.84
Non-Cash Adjustments to Reconcile Net Income	-26	-15	-59	111	-895
Changes in Operating Assets and Liabilities, net	3.31	-1.25	6.99	-7.87	4.94
Net Cash From Investing Activities	0.00	0.00	0.00	0.00	0.00
Net Cash From Continuing Investing Activities	0.00	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	-0.91	-56	48	-92	813
Net Cash From Continuing Financing Activities	-0.91	-56	48	-92	813
Issuance of Debt	265	443	232	65	1,159
Issuance of Common Equity	0.00	1.40	82	148	214
Repayment of Debt	-222	-456	-218	-245	-480
Payment of Dividends	-44	-44	-46	-59	-79
Other Financing Activities, Net	0.00	-0.36	-1.97	-0.71	-1.43
Cash Interest Paid	26	19	26	36	51
Cash Income Taxes Paid	0.50	0.41	1.17	0.53	1.06

This table details how cash moves in and out of PennantPark Floating Rate Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024
Net Change in Cash & Equivalents	-9.42	11	3.55	-4.42	5.92	41	-9.77	49	-41	27
Net Cash From Operating Activities	-9.55	65	6.28	9.03	44	78	-233	-173	-155	-292
Net Cash From Continuing Operating Activities	-9.55	65	6.28	9.03	44	78	-233	-173	-155	-292
Net Income / (Loss) Continuing Operations	-5.09	-13	-1.62	7.24	5.59	28	28	31	17	21
Consolidated Net Income / (Loss)	-5.09	-13	-1.62	7.24	5.59	28	28	31	17	21
Amortization Expense	-0.23	-0.92	-0.59	-1.32	-0.78	-1.11	-5.33	-0.64	-0.96	-0.57
Non-Cash Adjustments to Reconcile Net Income	-43	92	22	-28	72	66	-254	-214	-174	-311
Changes in Operating Assets and Liabilities, net	21	-14	-13	10	-12	5.12	-31	4.69	3.29	-1.14
Net Cash From Financing Activities	0.13	-54	-2.73	-13	-38	-37	223	222	114	319
Net Cash From Continuing Financing Activities	0.13	-54	-2.73	-13	-38	-37	223	222	114	319
Issuance of Debt	10	-	30	-	35	-	165	367	50	491
Issuance of Common Equity	1.82	50	1.00	48	64	35	83	51	100	63
Repayment of Debt	-	-90	-21	-48	-122	-55	0.00	-177	-16	-211
Payment of Dividends	-12	-12	-13	-13	-15	-18	-24	-18	-20	-22
Other Financing Activities, Net	-0.03	-1.49	-0.02	-0.25	-0.44	-	-0.50	-0.99	0.42	-0.87
Cash Interest Paid	9.25	5.48	12	6.82	12	5.74	23	9.50	12	19

This table presents PennantPark Floating Rate Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Total Assets	1,171	1,227	1,180	2,109
Cash and Due from Banks	50	51	101	112
Trading Account Securities	-	-	-	1,984
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00
Customer and Other Receivables	-	-	0.00	0.29
Other Assets	1,121	1,176	1,079	13
Total Liabilities & Shareholders' Equity	1,171	1,227	1,180	2,109
Total Liabilities	680	700	526	1,232
Short-Term Debt	219	168	9.40	444
Accrued Interest Payable	5.46	8.16	8.62	15
Long-Term Debt	434	508	486	733
Other Long-Term Liabilities	22	16	22	40
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	491	527	654	877
Total Preferred & Common Equity	491	527	654	877
Total Common Equity	491	527	654	877
Common Stock	539	618	765	977
Retained Earnings	-48	-91	-112	-100

This table presents PennantPark Floating Rate Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	12/31/2024	3/31/2024	6/30/2024	3/31/2025
Total Assets	2,765	1,224	1,183	2,344	1,616	1,757	2,472
Cash and Due from Banks	-	50	59	102	125	85	111
Trading Account Securities	-	-	-	-	-	-	2,344
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customer and Other Receivables	-	-	-	0.31	0.24	0.07	0.08
Other Assets	2,765	1,174	1,124	2,242	1,490	1,672	16
Total Liabilities & Shareholders' Equity	-644	1,224	1,183	2,344	1,616	1,757	2,472
Total Liabilities	-644	670	575	1,382	895	940	1,405
Short-Term Debt	-	148	64	609	169	219	274
Accrued Interest Payable	-	8.65	6.14	13	11	15	15
Long-Term Debt	-	486	489	734	693	678	1,092
Other Long-Term Liabilities	-644	27	16	26	22	29	24
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.00	555	608	963	721	817	1,067
Total Preferred & Common Equity	0.00	555	608	963	721	817	1,067
Total Common Equity	0.00	555	608	963	721	817	1,067
Common Stock	0.00	667	731	1,059	816	916	1,190
Retained Earnings	-	-112	-122	-96	-95	-99	-123

This table displays calculated financial ratios and metrics derived from PennantPark Floating Rate Capital's official financial filings.

Metric	2020	2021	2022	2023	2024
Period end date	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	-52.34%	-37.17%	58.70%	80.79%
EBITDA Growth	0.00%	-62.29%	-82.47%	270.70%	152.50%
EBIT Growth	0.00%	-67.84%	-85.81%	358.17%	149.80%
NOPAT Growth	0.00%	-67.84%	-93.89%	1,037.01%	133.92%
Net Income Growth	0.00%	-67.84%	-93.89%	1,037.01%	133.92%
EPS Growth	0.00%	210.64%	0.00%	862.50%	81.82%
Operating Cash Flow Growth	0.00%	1,107.83%	-193.54%	401.77%	-670.12%
Free Cash Flow Firm Growth	0.00%	0.00%	126.95%	46.35%	-166.04%
Invested Capital Growth	0.00%	0.00%	-26.36%	-50.93%	78.79%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	67.47%	50.73%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	220.78%	28.71%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	243.71%	26.59%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	319.33%	19.74%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	241.33%	22.72%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	10.37%	-85.75%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-22.86%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-66.32%	-50.50%
Profitability Metrics	-	-	-	-	-
EBITDA Margin	74.84%	59.22%	13.61%	31.78%	44.39%
EBIT Margin	75.32%	50.83%	11.48%	33.14%	45.80%
Profit (Net Income) Margin	75.32%	50.83%	4.94%	35.41%	45.81%
Tax Burden Percent	100.00%	100.00%	43.05%	106.83%	100.04%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	56.95%	-6.83%	-0.04%
Return on Invested Capital (ROIC)	0.00%	3.55%	0.13%	2.25%	5.73%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	3.55%	0.13%	2.25%	5.73%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-4,262.48%	-260.34%	9.76%	6.26%
Return on Equity (ROE)	0.00%	-4,258.93%	-260.21%	12.01%	12.00%
Cash Return on Invested Capital (CROIC)	0.00%	-196.45%	30.49%	70.58%	-50.79%
Operating Return on Assets (OROA)	0.00%	2.20%	0.33%	2.09%	5.58%
Return on Assets (ROA)	0.00%	2.20%	0.14%	2.23%	5.59%
Return on Common Equity (ROCE)	0.00%	-4,258.93%	-260.21%	12.01%	12.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-2,129.47%	0.00%	6.01%	10.47%
Net Operating Profit after Tax (NOPAT)	176	57	3.45	39	92
NOPAT Margin	75.32%	50.83%	4.94%	35.41%	45.81%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.68%	49.17%	88.52%	66.86%	54.20%
Earnings before Interest and Taxes (EBIT)	176	57	8.02	37	92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	175	66	9.51	35	89
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.83	0.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.83	0.93
Price to Revenue (P/Rev)	0.00	0.00	0.00	4.89	4.09
Price to Earnings (P/E)	0.00	0.00	0.00	13.80	8.92
Dividend Yield	21.00%	12.56%	15.30%	12.85%	11.03%
Earnings Yield	0.00%	0.00%	0.00%	7.25%	11.21%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.82	0.92
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	8.45	9.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	26.57	21.17
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	25.48	20.52
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	23.85	20.51
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	6.66	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.76	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.76	1.34
Long-Term Debt to Equity	0.00	0.00	0.00	0.74	0.84
Financial Leverage	0.00	-1,199.14	-2,081.44	4.34	1.09
Leverage Ratio	0.00	-968.74	-1,851.04	5.39	2.15
Compound Leverage Factor	0.00	-968.74	-1,851.04	5.39	2.15
Debt to Total Capital	0.00%	0.00%	100.00%	43.12%	57.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.82%	21.61%
Long-Term Debt to Total Capital	0.00%	0.00%	100.00%	42.30%	35.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	0.00%	56.88%	42.70%
Debt to EBITDA	0.00	0.00	-0.52	14.06	13.23
Net Debt to EBITDA	0.00	0.00	-0.52	11.20	11.97
Long-Term Debt to EBITDA	0.00	0.00	-0.52	13.79	8.24
Debt to NOPAT	0.00	0.00	-1.43	12.62	12.82
Net Debt to NOPAT	0.00	0.00	-1.43	10.06	11.60
Long-Term Debt to NOPAT	0.00	0.00	-1.43	12.38	7.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3,123	842	1,232	-813
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-0.18	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.18	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.04	0.03	0.06	0.12
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	3,180	2,342	1,149	2,054
Invested Capital Turnover	0.00	0.07	0.03	0.06	0.13
Increase / (Decrease) in Invested Capital	0.00	3,180	-838	-1,193	905
Enterprise Value (EV)	0.00	0.00	0.00	937	1,884
Market Capitalization	0.00	0.00	0.00	542	819
Book Value per Share	$0.00	$0.00	$0.00	$11.13	$11.95
Tangible Book Value per Share	$0.00	$0.00	$0.00	$11.13	$11.95
Total Capital	0.00	-2.65	-4.94	1,149	2,054
Total Debt	0.00	0.00	-4.94	495	1,177
Total Long-Term Debt	0.00	0.00	-4.94	486	733
Net Debt	0.00	0.00	-4.94	395	1,065
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	3,183	2,342	495	1,177
Total Depreciation and Amortization (D&A)	-1.12	9.33	1.49	-1.51	-2.82
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.40
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	45.35M	58.73M	83.23M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.08	$0.00	$1.40
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	45.35M	58.73M	83.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.40
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	45.35M	58.73M	83.23M
Normalized Net Operating Profit after Tax (NOPAT)	123	40	5.61	26	64
Normalized NOPAT Margin	52.72%	35.58%	8.04%	23.20%	32.06%
Pre Tax Income Margin	75.32%	50.83%	11.48%	33.14%	45.80%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	6.48	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	6.48	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	6.48	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	6.48	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	25.15%	78.22%	1,334.12%	149.61%	85.82%
Augmented Payout Ratio	25.15%	78.22%	1,334.12%	149.61%	85.82%

This table displays calculated financial ratios and metrics derived from PennantPark Floating Rate Capital's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q2 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-67.95%	-15.54%	15.88%	152.69%	180.35%	145.47%	44.65%	437.73%	-32.83%
EBITDA Growth	0.00%	0.00%	-104.91%	812.41%	-83.51%	81.74%	3,200.54%	1,075.36%	233.31%	431.10%	-94.58%
EBIT Growth	0.00%	0.00%	-103.14%	-78.86%	-52.63%	123.05%	2,610.50%	694.06%	204.20%	165.21%	-96.05%
NOPAT Growth	0.00%	0.00%	-102.09%	-45.90%	-52.63%	132.92%	3,686.43%	296.67%	204.20%	129.37%	-94.64%
Net Income Growth	0.00%	0.00%	-105.40%	-45.90%	-52.63%	126.83%	1,486.98%	296.67%	204.20%	119.88%	-94.64%
EPS Growth	0.00%	0.00%	0.00%	-16.67%	0.00%	0.00%	1,050.00%	240.00%	127.27%	0.00%	-98.04%
Operating Cash Flow Growth	0.00%	0.00%	107.62%	145.98%	560.03%	20.32%	-3,806.71%	-2,011.30%	-453.09%	-473.02%	0.00%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	133.05%	156.75%	150.37%	-172.95%	-141.92%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-50.93%	-32.39%	-55.76%	-49.79%	78.79%	53.77%
Revenue Q/Q Growth	-67.50%	-210.95%	150.05%	-27.95%	0.00%	-53.75%	166.35%	35.58%	0.00%	198.96%	0.00%
EBITDA Q/Q Growth	4,268.79%	-272.09%	97.04%	-79.93%	-54.51%	-11,718.99%	602.29%	101.26%	-24.67%	89.19%	0.00%
EBIT Q/Q Growth	-127.64%	-528.94%	98.23%	-71.00%	-53.01%	5,025.32%	92.49%	41.20%	-22.48%	81.83%	0.00%
NOPAT Q/Q Growth	-124.56%	-400.26%	98.23%	-41.52%	-53.01%	7,136.17%	92.49%	42.25%	-22.48%	27.39%	0.00%
Net Income Q/Q Growth	-135.08%	-547.64%	96.94%	-41.52%	0.00%	6,084.81%	58.41%	42.25%	0.00%	85.28%	0.00%
EPS Q/Q Growth	-166.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	51.40%	780.77%	-90.34%	43.89%	386.32%	66.25%	-397.50%	5.11%	10.16%	-88.11%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-5.08%	4.44%	135.30%	-6.43%	435.65%	2,005.86%	-22.40%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	45.60%	4.90%	-4.61%	-66.32%	100.60%	-60.78%	-53.55%	-50.50%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	140.08%	0.00%	-10.15%	11.26%	15.76%	-59.55%	112.30%	53.90%	36.32%	36.67%	3.23%
EBIT Margin	-57.82%	0.00%	-6.11%	17.01%	18.30%	75.73%	54.73%	55.04%	38.49%	37.35%	3.24%
Profit (Net Income) Margin	-57.82%	0.00%	-11.06%	34.31%	18.30%	92.02%	54.73%	55.45%	38.49%	37.63%	4.42%
Tax Burden Percent	100.00%	104.36%	181.01%	201.67%	100.00%	121.51%	100.00%	100.74%	100.00%	116.49%	136.64%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	86.48%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	-101.67%	0.00%	0.00%	0.00%	-0.74%	0.00%	0.00%	-36.64%
Return on Invested Capital (ROIC)	0.00%	0.00%	-0.10%	0.99%	0.57%	4.81%	2.63%	3.31%	2.00%	4.04%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-0.16%	0.99%	0.57%	4.99%	2.63%	3.31%	2.00%	4.57%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	21.65%	12.98%	20.36%	10.54%	4.99%	0.00%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	26.46%	15.61%	23.66%	12.54%	9.04%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	35.95%	0.00%	0.00%	0.00%	70.58%	40.87%	80.11%	-25.84%	-50.79%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	-0.09%	0.30%	0.34%	4.77%	2.94%	3.73%	2.22%	4.55%	0.00%
Return on Assets (ROA)	0.00%	0.00%	-0.16%	0.61%	0.34%	5.80%	2.94%	3.76%	2.22%	4.59%	0.00%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	26.46%	15.61%	23.66%	12.54%	9.04%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.58%	9.85%	9.16%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.56	-35	-0.63	7.84	5.59	12	22	31	17	27	1.67
NOPAT Margin	-40.47%	0.00%	-4.28%	34.31%	18.30%	75.73%	54.73%	55.45%	38.49%	32.30%	4.42%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.74%	0.06%	0.00%	0.00%	-0.18%	0.00%	0.00%	0.00%	-0.53%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	157.82%	0.00%	106.11%	82.99%	81.70%	24.27%	45.27%	44.96%	61.51%	62.65%	96.76%
Earnings before Interest and Taxes (EBIT)	-5.09	-51	-0.90	3.89	5.59	12	22	31	17	31	1.22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	-50	-1.49	2.57	4.82	-9.18	46	30	16	30	1.22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.83	0.66	0.89	0.82	0.93	0.91
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.83	0.66	0.89	0.82	0.93	0.91
Price to Revenue (P/Rev)	0.00	0.00	10.22	8.34	8.37	4.89	4.60	4.17	5.02	4.09	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	177.65	0.00	13.80	9.98	8.95	8.91	8.92	0.00
Dividend Yield	13.10%	15.30%	13.03%	13.20%	12.98%	12.85%	11.22%	11.78%	11.35%	11.03%	11.11%
Earnings Yield	0.00%	0.00%	0.00%	0.56%	0.00%	7.25%	10.02%	11.17%	11.22%	11.21%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.12	0.12	0.13	0.82	0.81	0.87	0.86	0.92	0.92
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	10.22	8.33	8.37	8.45	13.64	8.95	11.12	9.40	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	28.20	0.00	26.57	33.29	19.95	21.40	21.17	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	25.48	31.14	19.07	20.40	20.52	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	23.85	29.55	19.07	19.29	20.51	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	9.42	6.08	3.50	6.66	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.76	1.60	0.67	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.76	1.39	1.20	1.10	1.34	1.28
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.74	0.76	0.96	0.83	0.84	1.02
Financial Leverage	0.00	0.00	0.00	0.00	0.00	4.34	4.94	6.16	5.27	1.09	1.25
Leverage Ratio	0.00	-1,851.04	0.00	0.00	0.00	5.39	5.31	6.29	5.65	2.15	2.29
Compound Leverage Factor	0.00	-1,851.04	0.00	0.00	0.00	5.39	5.31	6.29	5.65	1.86	2.29
Debt to Total Capital	0.00%	100.00%	0.00%	100.00%	0.00%	43.12%	58.24%	54.45%	52.32%	57.30%	56.14%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.82%	26.41%	10.67%	12.78%	21.61%	11.25%
Long-Term Debt to Total Capital	0.00%	100.00%	0.00%	100.00%	0.00%	42.30%	31.82%	43.77%	39.55%	35.69%	44.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	56.88%	41.76%	45.55%	47.68%	42.70%	43.86%
Debt to EBITDA	0.00	-0.52	0.00	-0.03	0.00	14.06	23.87	12.48	12.97	13.23	0.00
Net Debt to EBITDA	0.00	-0.52	0.00	-0.03	0.00	11.20	22.05	10.67	11.74	11.97	0.00
Long-Term Debt to EBITDA	0.00	-0.52	0.00	-0.03	0.00	13.79	13.04	10.04	9.80	8.24	0.00
Debt to NOPAT	0.00	-1.43	0.00	0.03	0.00	12.62	21.19	11.93	11.69	12.82	0.00
Net Debt to NOPAT	0.00	-1.43	0.00	0.03	0.00	10.06	19.57	10.20	10.58	11.60	0.00
Long-Term Debt to NOPAT	0.00	-1.43	0.00	0.03	0.00	12.38	11.58	9.59	8.83	7.98	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-3,410	-3,568	-3,406	1,204	1,127	2,025	1,715	-879	-849
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.03	0.01	0.02	0.02	0.06	0.05	0.07	0.06	0.12	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,342	3,409	3,576	3,412	1,149	2,305	1,582	1,713	2,054	2,433
Invested Capital Turnover	0.00	0.03	0.02	0.03	0.03	0.06	0.05	0.06	0.05	0.13	0.00
Increase / (Decrease) in Invested Capital	0.00	0.00	3,409	3,576	3,412	-1,193	-1,104	-1,994	-1,698	905	851
Enterprise Value (EV)	0.00	0.00	397	430	445	937	1,872	1,377	1,479	1,884	2,228
Market Capitalization	0.00	0.00	397	431	445	542	632	641	668	819	974
Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$11.13	$16.39	$11.69	$11.12	$11.95	$12.13
Tangible Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$11.13	$16.39	$11.69	$11.12	$11.95	$12.13
Total Capital	0.00	-4.94	0.00	-0.50	0.00	1,149	2,305	1,582	1,713	2,054	2,433
Total Debt	0.00	-4.94	0.00	-0.50	0.00	495	1,342	861	896	1,177	1,366
Total Long-Term Debt	0.00	-4.94	0.00	-0.50	0.00	486	734	693	678	733	1,092
Net Debt	0.00	-4.94	0.00	-0.50	0.00	395	1,240	736	812	1,065	1,254
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	1.53	17	0.99	0.00	0.00	-2.51	0.00	0.00	0.00	-4.41	0.00
Net Nonoperating Obligations (NNO)	0.00	2,342	3,409	3,576	3,412	495	1,342	861	896	1,177	1,366
Total Depreciation and Amortization (D&A)	17	0.38	-0.59	-1.32	-0.78	-21	24	-0.64	-0.96	-0.57	-0.00
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.38	$0.51	$0.25	$0.00	$0.01
Adjusted Weighted Average Basic Shares Outstanding	0.00	45.35M	49.68M	49.73M	58.73M	58.73M	87.96M	66.73M	73.42M	83.23M	99.22M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.15	$0.00	$0.00	$0.38	$0.51	$0.25	$0.00	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	0.00	45.35M	49.68M	49.73M	58.73M	58.73M	87.96M	66.73M	73.42M	83.23M	99.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.38	$0.51	$0.25	$0.00	$0.01
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	45.35M	49.68M	49.73M	58.73M	58.73M	87.96M	66.73M	73.42M	83.23M	99.22M
Normalized Net Operating Profit after Tax (NOPAT)	-3.56	-35	-0.63	2.72	3.92	8.17	16	22	12	19	0.85
Normalized NOPAT Margin	-40.47%	0.00%	-4.28%	11.91%	12.81%	53.01%	38.31%	38.53%	26.95%	22.61%	2.27%
Pre Tax Income Margin	-57.82%	0.00%	-6.11%	17.01%	18.30%	75.73%	54.73%	55.04%	38.49%	32.30%	3.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	1,334.12%	-170.07%	-253.14%	-275.54%	149.61%	100.83%	97.02%	98.97%	85.82%	0.00%
Augmented Payout Ratio	0.00%	1,334.12%	-170.07%	-253.14%	-275.54%	149.61%	100.83%	97.02%	98.97%	85.82%	0.00%

Key Financial Trends

PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) Financial Analysis Summary

PennantPark Floating Rate Capital has shown notable fluctuations in its financial performance and position over the past few years, based on quarterly financial results from Q2 2022 through Q2 2025. Here are the key takeaways from the income statements, balance sheets, and cash flow statements analyzed:

The company has consistently generated positive net interest income each quarter, increasing from approximately $26.5 million in Q2 2022 to $57.8 million in Q2 2025, showing improved core earnings from investment securities.
Total common equity has steadily grown, rising from about $554.7 million in Q2 2023 to over $1.07 billion by Q2 2025, suggesting strengthening shareholder value and capital base.
PennantPark has regularly issued common equity and debt to finance growth and operations, with debt issuance frequently surpassing repayments, indicating active capital management to support investments.
Operating cash flows have generally been positive or improving post-2023, supporting ongoing business operations without excessive reliance on new financing.
The company’s assets are heavily weighted toward trading account securities and other assets, with loans and leases consistently reported as zero, reflecting a specialized investment focus.
Weighted average shares outstanding have increased substantially over time, which dilutes earnings per share but also reflects capital raises common to business expansion.
Net realized and unrealized capital gains have been highly volatile with large markdowns, including significant losses in multiple quarters such as Q4 2024 and Q2 2025, which have diminished overall revenues and net income.
Total non-interest expenses have shown considerable variability, sometimes increasing sharply, which pressures net income margins.
Net income attributable to common shareholders has fluctuated widely, ranging from losses in early 2023 and late 2022 to strong profits in 2024, but recently showing very modest profits in Q2 2025, indicating ongoing earnings volatility.
Cash flows from continuing operating activities have been negative in several quarters, notably in 2024 and early 2025, which may raise concern regarding the sustainability of earnings quality and operational efficiency.

In summary, PennantPark Floating Rate Capital demonstrates stable core interest income growth and a strengthening equity base, but its earnings are significantly affected by volatile capital gains/losses on investment securities. Investors should weigh the company’s solid asset base and capital management against earnings volatility and occasional operating cash flow challenges when considering the stock.

08/04/25 08:26 AMAI Generated. May Contain Errors.

Frequently Asked Questions About PennantPark Floating Rate Capital's Financials

When does PennantPark Floating Rate Capital's financial year end?

According to the most recent income statement we have on file, PennantPark Floating Rate Capital's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has PennantPark Floating Rate Capital's net income changed over the last 4 years?

PennantPark Floating Rate Capital's net income appears to be on a downward trend, with a most recent value of $91.84 million in 2024, falling from $175.74 million in 2020. The previous period was $39.26 million in 2023. Check out PennantPark Floating Rate Capital's forecast to explore projected trends and price targets.

How has PennantPark Floating Rate Capital's revenue changed over the last 4 years?

Over the last 4 years, PennantPark Floating Rate Capital's total revenue changed from $233.32 million in 2020 to $200.46 million in 2024, a change of -14.1%.

How much debt does PennantPark Floating Rate Capital have?

PennantPark Floating Rate Capital's total liabilities were at $1.23 billion at the end of 2024, a 134.1% increase from 2023, and a 81.0% increase since 2021.

How much cash does PennantPark Floating Rate Capital have?

In the past 3 years, PennantPark Floating Rate Capital's cash and equivalents has ranged from $49.83 million in 2021 to $112.05 million in 2024, and is currently $112.05 million as of their latest financial filing in 2024.

How has PennantPark Floating Rate Capital's book value per share changed over the last 4 years?

Over the last 4 years, PennantPark Floating Rate Capital's book value per share changed from 0.00 in 2020 to 11.95 in 2024, a change of 1,194.9%.

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This page (NASDAQ:PFLT) was last updated on 8/4/2025 by MarketBeat.com Staff

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PennantPark Floating Rate Capital (PFLT) Financials

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Frequently Asked Questions About PennantPark Floating Rate Capital's Financials

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PennantPark Floating Rate Capital (PFLT) Financials

Annual Income Statements for PennantPark Floating Rate Capital

Quarterly Income Statements for PennantPark Floating Rate Capital

Annual Cash Flow Statements for PennantPark Floating Rate Capital

Quarterly Cash Flow Statements for PennantPark Floating Rate Capital

Annual Balance Sheets for PennantPark Floating Rate Capital

Quarterly Balance Sheets for PennantPark Floating Rate Capital

Annual Metrics And Ratios for PennantPark Floating Rate Capital

Quarterly Metrics And Ratios for PennantPark Floating Rate Capital

Key Financial Trends

Frequently Asked Questions About PennantPark Floating Rate Capital's Financials

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