PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) LT-Debt-to-Total-Asset

: 0.49 (As of Dec. 2023)

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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PennantPark Floating Rate Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.49.

PennantPark Floating Rate Capital's long-term debt to total assets ratio declined from Dec. 2022 (0.56) to Dec. 2023 (0.49). It may suggest that PennantPark Floating Rate Capital is progressively becoming less dependent on debt to grow their business.

PennantPark Floating Rate Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for PennantPark Floating Rate Capital's LT-Debt-to-Total-Asset 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 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.54

0.57

0.56

0.55

0.42

PennantPark Floating Rate Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset																0.56	0.52	0.47	0.42	0.49

PennantPark Floating Rate Capital LT-Debt-to-Total-Asset Calculation

PennantPark Floating Rate Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	495.432	/	1179.611
	=	0.42

PennantPark Floating Rate Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	671.082	/	1359.059
	=	0.49

PennantPark Floating Rate Capital (NYSE:PFLT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PennantPark Floating Rate Capital LT-Debt-to-Total-Asset Related Terms

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PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PennantPark Floating Rate Capital Ltd (NYSE:PFLT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PFLT:Israel 22P:Germany

Address

1691 Michigan Avenue, Miami, FL, USA, 33139

Website

https://www.pennantpark.com

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.

Executives

Allorto Richard T Jr	officer: CFO and Treasurer	C/O PENNANTPARK INVESTMENT CORPORATION, 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Jose A Briones	director	55 PLEASANTVILLE ROAD, NEW VERNON NJ 07976
Richard Cheung	officer: See Remarks	C/O CAREY CREDIT INCOME FUND, 330 MADISON AVENUE, NEW YORK NY 10017
Samuel L Katz	director	9 WEST 57TH ST, NEW YORK NY 10019
Adam K Bernstein	director	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Aviv Efrat	officer: CFO	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Arthur H Penn	director, officer: Chairman and CEO, other: Investment Adviser
Jeffrey Flug	director	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Marshall Brozost	director	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022