Pennant International Group (LSE:PEN) Debt-to-Equity : 0.33 (As of Jun. 2023)

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What is Pennant International Group Debt-to-Equity?

Pennant International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £3.02 Mil. Pennant International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.32 Mil. Pennant International Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £10.24 Mil. Pennant International Group's debt to equity for the quarter that ended in Jun. 2023 was 0.33.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Pennant International Group's Debt-to-Equity or its related term are showing as below:

LSE:PEN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.5
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Pennant International Group was 0.50. The lowest was 0.00. And the median was 0.04.

LSE:PEN's Debt-to-Equity is ranked worse than
60.31% of 2225 companies
in the Software industry
Industry Median: 0.21 vs LSE:PEN: 0.33

Pennant International Group Debt-to-Equity Historical Data

The historical data trend for Pennant International Group's Debt-to-Equity 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.

* Premium members only.

Pennant International Group Debt-to-Equity Chart

Pennant International Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.26

0.30

0.47

0.20

Pennant International Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.47	0.50	0.20	0.33

Competitive Comparison of Pennant International Group's Debt-to-Equity

For the Software - Application subindustry, Pennant International Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pennant International Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Pennant International Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pennant International Group's Debt-to-Equity falls into.

Pennant International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pennant International Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.707	+	0.385)	/	10.695
	=	0.20

Pennant International Group's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.019	+	0.323)	/	10.235
	=	0.33

Pennant International Group (LSE:PEN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Pennant International Group Debt-to-Equity Related Terms

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Pennant International Group (LSE:PEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pennant International Group PLC (LSE:PEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Gloucester Road, Unit D1 Staverton Connection, Cheltenham, Gloucestershire, GBR, GL51 6TL

Website

https://www.pennantplc.co.uk

Pennant International Group PLC is engaged in the delivery of integrated support solutions. The company has two operating segments: Technical Training, and Integrated Product Support. It offers a range of services that cover training equipment, hardware, and related support, including simulation, virtual reality, and computer-based training, technical documentation, media development, software development, and related consultancy. It operates in four geographical areas - the United Kingdom, USA, Canada, and Australia of which the United Kingdom contributes majority of the total revenue. It operates in a broad spectrum of market sectors, including the defense, rail, power and aerospace sectors and with government departments.