What is PennantPark Floating Rate Capital Total Assets?
PennantPark Floating Rate Capital's Total Assets for the quarter that ended in Dec. 2023 was $1,359.06 Mil.
During the past 12 months, PennantPark Floating Rate Capital's average Total Assets Growth Rate was 9.30% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 1.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.10% per year.
During the past 13 years, PennantPark Floating Rate Capital's highest 3-Year average Total Assets Growth Rate was 46.60%. The lowest was -0.40%. And the median was 22.35%.
Total Assets is connected with ROA %. PennantPark Floating Rate Capital's annualizedROA % for the quarter that ended in Dec. 2023 was 7.08%. Total Assets is also linked to Revenue through Asset Turnover. PennantPark Floating Rate Capital's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.
PennantPark Floating Rate Capital Total Assets Historical Data
The historical data trend for PennantPark Floating Rate Capital's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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PennantPark Floating Rate Capital Total Assets Chart
PennantPark Floating Rate Capital Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
PennantPark Floating Rate Capital's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PennantPark Floating Rate Capital (NYSE:PFLT) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
PennantPark Floating Rate Capital's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
PennantPark Floating Rate Capital Total Assets Related Terms
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PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Business Description
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.
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