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Pennant Park InvestmentFRA:12P -1.55%23 Debt-to-Equity is 1.28 as of Jun. 2026, which is 8% above its 10-year median of 1.18. GuruFocus rates FRA:12P with a GF Score™ of 23/100. The stock has 4 warning signs investors should review. Among 952 Asset Management companies, Pennant Park Investment ranks worse than 88.03% on this metric.
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 Park Investment's Debt-to-Equity or its related term are showing as below:
FRA:12P'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 1.18 Max: 1.64
Current: 1.28
During the past 13 years, the highest Debt-to-Equity Ratio of Pennant Park Investment was 1.64. The lowest was 0.73. And the median was 1.18.
FRA:12P's Debt-to-Equity is ranked worse than 88.03% of 952
companies
in the Asset Management industry
Industry Median: 0.21
vs FRA:12P: 1.28
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 Park Investment Debt-to-Equity Related Terms
Pennant Park Investment Debt-to-Equity Historical Data
* 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.
FRA:12P vs LIEN, NPV, TSI: Debt-to-Equity Comparison
For the Asset Management subindustry, Pennant Park Investment'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 Park Investment Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pennant Park Investment's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pennant Park Investment's Debt-to-Equity falls into.
* 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.
Pennant Park Investment (FRA:12P) has a Debt-to-Equity of 1.28 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pennant Park Investment and its competitors. This is near median its historical median of 1.18. Over the past decade, Pennant Park Investment's Debt-to-Equity has ranged from 0.73 to 1.64. According to the industry distribution chart, Pennant Park Investment ranks #838 out of 952 companies in the Asset Management industry, placing it in the top 88%.
Is Pennant Park Investment's Debt-to-Equity too high?
Pennant Park Investment's current Debt-to-Equity of 1.28 is near median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 1.64. The Asset Management industry median Debt-to-Equity is 0.21. Pennant Park Investment's value of 1.28 is 509.5% above this industry median. Based on the distribution chart, Pennant Park Investment ranks #838 out of 952 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pennant Park Investment has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Pennant Park Investment's Debt-to-Equity compare to LIEN and NPV?
According to the Asset Management industry distribution chart, Pennant Park Investment ranks #838 out of 952 companies for Debt-to-Equity. This places Pennant Park Investment in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Pennant Park Investment's value of 1.28 is 509.5% above this benchmark. Historically, Pennant Park Investment's own Debt-to-Equity has ranged from 0.73 to 1.64 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 0.21, Pennant Park Investment has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 952 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pennant Park Investment's current Debt-to-Equity of 1.28 is 509.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pennant Park Investment and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pennant Park Investment's current Debt-to-Equity is 1.28, which is near median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pennant Park Investment stock overvalued right now?
Pennant Park Investment (FRA:12P) has a current Debt-to-Equity of 1.28. The current Debt-to-Equity is 1.28, which is near median its 10-year median of 1.18 and 509.5% above the Asset Management industry median of 0.21. Pennant Park Investment's overall GF Score™ is 23/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Pennant Park Investment (FRA:12P), the current Debt-to-Equity is 1.28 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Pennant Park Investment Corp is a closed-end, non-diversified investment company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments. The company focuses on investing in United States middle-market companies that offer attractive risk-reward to investors and to create a diversified portfolio that includes senior secured debt, mezzanine debt, and equity investments. It generates majority of its revenue from interest and dividends received from investments made.
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