PennantPark Floating Rate Capital (PFLT) Financials

$10.24 +0.01 (+0.05%)

Closing price 03:59 PM Eastern

Extended Trading

$10.24 +0.01 (+0.10%)

As of 07:18 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

Key Takeaways for PennantPark Floating Rate Capital Ltd. (PFLT) in Q2 2025: Net interest income remained robust at $57.8 million, driven entirely by investment securities interest income. However, total non-interest income was a drag due to $20.8 million in net unrealized losses. Revenue fell sharply year-over-year, while operating profit metrics (EBITDA, EBIT, NOPAT) declined over 90%. Book value per share rose modestly to $12.13, and the stock trades at a P/B of 0.91—below book value—with an attractive 11.11% dividend yield. Free cash flow to the firm was significantly negative as invested capital increased.

Strong Q2 net interest income of $57.8 million with zero reported interest expense, preserving net interest margin.
Book value per share increased to $12.13—up from $11.95 in Q4 2024—reflecting retained earnings despite market volatility.
Dividend yield at 11.11% remains highly attractive to income-oriented investors.
Price-to-Book value at 0.91x suggests the stock is trading at a discount to tangible book.
Trading account securities portfolio grew to $2.344 billion, indicating continued deployment of capital into floating-rate assets.
Leverage ratio of 2.29x (total debt of $1.366 billion vs. equity of $1.067 billion) is in line with prior periods.
Enterprise Value to Invested Capital (EV/IC) of 0.92x signals that enterprise value tracks invested capital closely.
Total revenue declined 32.8% year-over-year, driven by lower net realized and unrealized gains.
EBITDA, EBIT, and NOPAT each plunged over 90%, with normalized NOPAT down to $854,000 from $18.7 million a year ago.
Free cash flow to the firm was a negative $849 million as invested capital increased by $850.7 million without corresponding immediate cash returns.

06/27/25 09:53 PMAI Generated. May Contain Errors.

Frequently Asked Questions About PennantPark Floating Rate Capital's Financials

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

According to the most recent income statement we have on file, PennantPark Floating Rate Capital's financial year ends in September. Their financial 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. See PennantPark Floating Rate Capital's forecast for analyst expectations on what’s next for the company.

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 6/27/2025 by MarketBeat.com Staff

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PennantPark Floating Rate Capital (PFLT) Financials

Key Financial Trends

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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

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Frequently Asked Questions About PennantPark Floating Rate Capital's Financials

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