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.
Quarterly Income Statements for PennantPark Floating Rate Capital
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 |
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 |
Annual Cash Flow Statements for PennantPark Floating Rate Capital
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 |
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 |
Quarterly Cash Flow Statements for PennantPark Floating Rate Capital
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 |
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 |
Annual Balance Sheets for PennantPark Floating Rate Capital
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 |
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 |
Quarterly Balance Sheets for PennantPark Floating Rate Capital
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 |
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 |
Annual Metrics And Ratios for PennantPark Floating Rate Capital
This table displays calculated financial ratios and metrics derived from PennantPark Floating Rate Capital's official financial filings.
Metric |
|
2020 |
2021 |
2022 |
2023 |
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% |
Quarterly Metrics And Ratios for PennantPark Floating Rate Capital
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 |
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 (NASDAQ: PFLT) has shown varied financial performance and financial position trends over the past four years, based on its quarterly financial statements analysis from Q2 2022 through Q2 2025.
Positive Developments:
- Net interest income remains a strong contributor to revenue, consistently around $47M to $66M in recent quarters, reflecting stable income from investment securities interest.
- Net income attributable to common shareholders has generally increased over time — notable net income of over $31M in several 2024 quarters, significantly positive compared to earlier years.
- PennantPark has successfully issued common equity multiple times with proceeds supporting its capital structure, exemplified by frequent equity raising, including $62.8M in Q4 2024 and $51.3M in Q2 2024.
- The company manages to maintain positive cash flows from financing activities, showing capability to fund operations and investments via debt and equity issuance.
- Basic and diluted earnings per share improved, reaching $0.51 in Q2 2024 and steady positive earnings in recent quarters, indicating improved shareholder value.
- Total common equity has increased significantly from around $554M in Q2 2023 to over $1.06B by Q2 2025, demonstrating strengthened equity base.
Neutral Observations:
- The weighted average shares outstanding have moderately increased, reflecting possible dilution but also equity financing activities.
- Cash and equivalents values fluctuate quarterly but remain healthy, with amounts generally between $50M and $125M, supporting operational liquidity.
- The company’s operating expenses, including policy acquisition and other operating costs, have increased but seem proportional to revenue changes.
Negative Concerns:
- PennantPark is experiencing substantial net realized and unrealized capital losses on investments in certain quarters, such as nearly -$48M in Q4 2023 and -$20.7M in Q2 2025, which adversely impact total non-interest income and overall profitability.
- Total pre-tax income shows significant volatility, having recorded large negative values in late 2022 and early 2023 (e.g., -$50.6M in Q4 2022) reflecting periods of investment challenges and losses.
- The cash flow from continuing operating activities is often negative and highly volatile — for example, deeply negative in Q1 2024 (-$232.7M) and Q2 2024 (-$172.6M), mainly driven by large adjustments to reconcile net income.
- Some quarters show high interest expense (e.g., $39.9M in Q4 2024) which significantly reduces net interest income and impacts net income.
Summary: PennantPark Floating Rate Capital shows solid operational cash inflows from interest and equity capital raising efforts, supporting its business model focused on floating rate investments. However, the investment portfolio poses risks as evidenced by large capital losses on investments in certain periods, impacting profitability and cause quarters of net losses in the past. The company’s increasing equity base and improved EPS in 2024 and 2025 signal potential recovery and stabilization. Retail investors should weigh the volatility in investment gains/losses and cash flow fluctuations against the company’s consistent interest income and capital structure management.
10/17/25 12:50 AM ETAI Generated. May Contain Errors.