PennantPark Cash vs Short Long Term Debt Analysis

PFLT Stock

USD 11.38 0.02 0.18%

PennantPark Floating financial indicator trend analysis is much more than just breaking down PennantPark Floating Rate prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PennantPark Floating Rate is a good investment. Please check the relationship between PennantPark Floating Cash and its Short Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennantPark Floating Rate. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Cash vs Short Long Term Debt

Cash vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PennantPark Floating Rate Cash account and Short Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between PennantPark Floating's Cash and Short Long Term Debt is 0.55. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of PennantPark Floating Rate, assuming nothing else is changed. The correlation between historical values of PennantPark Floating's Cash and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of PennantPark Floating Rate are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Cash i.e., PennantPark Floating's Cash and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

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Cash

Cash refers to the most liquid asset of PennantPark Floating Rate, which is listed under current asset account on PennantPark Floating Rate balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from PennantPark Floating customers. The amounts must be unrestricted with restricted cash listed in a different PennantPark Floating account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Most indicators from PennantPark Floating's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PennantPark Floating Rate current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennantPark Floating Rate. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, PennantPark Floating's Issuance Of Capital Stock is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.10 in 2024, whereas Selling General Administrative is likely to drop slightly above 3.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	11.6M	42.2M	48.5M	32.5M
Total Revenue	11.6M	42.2M	48.5M	32.6M

Gross Profit Total Revenue

PennantPark Floating fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Tangible Assets	Long Term Investments	Short Long Term Debt
Total Assets		0.96	-0.11	0.11	0.94	-0.08	0.93	-0.75	0.47	0.77	1.0	0.25	0.86	0.77	0.41	0.97	0.97	0.86	-0.76	0.94	0.96	0.75	0.81	0.92	0.98	0.82
Short Long Term Debt Total	0.96		-0.16	0.08	0.8	-0.18	0.99	-0.73	0.35	0.67	0.96	0.34	0.86	0.67	0.44	0.88	0.87	0.9	-0.8	0.82	1.0	0.65	0.7	0.79	0.96	0.82
Other Current Liab	-0.11	-0.16		0.91	-0.09	0.5	-0.15	0.61	0.52	-0.27	-0.1	-0.26	0.01	-0.27	-0.26	-0.14	-0.13	-0.43	0.59	-0.19	-0.12	-0.27	-0.3	-0.17	-0.17	0.13
Total Current Liabilities	0.11	0.08	0.91		0.08	0.47	0.09	0.4	0.59	-0.17	0.12	-0.23	0.15	-0.17	-0.19	0.08	0.05	-0.25	0.49	0.0	0.11	-0.22	-0.15	0.0	0.05	0.28
Total Stockholder Equity	0.94	0.8	-0.09	0.08		0.05	0.74	-0.71	0.51	0.8	0.93	0.12	0.77	0.8	0.32	0.97	0.97	0.74	-0.65	0.99	0.81	0.78	0.86	0.98	0.89	0.71
Other Liab	-0.08	-0.18	0.5	0.47	0.05		-0.15	0.43	0.14	-0.32	-0.06	-0.06	0.11	-0.32	0.05	0.03	-0.05	-0.13	0.37	-0.04	-0.16	-0.27	-0.14	-0.03	-0.14	0.07
Net Debt	0.93	0.99	-0.15	0.09	0.74	-0.15		-0.69	0.32	0.61	0.94	0.37	0.85	0.61	0.46	0.85	0.83	0.9	-0.79	0.76	0.99	0.6	0.65	0.73	0.94	0.81
Retained Earnings	-0.75	-0.73	0.61	0.4	-0.71	0.43	-0.69		-0.04	-0.85	-0.74	-0.09	-0.61	-0.85	-0.28	-0.71	-0.78	-0.77	0.84	-0.78	-0.72	-0.79	-0.86	-0.78	-0.8	-0.54
Accounts Payable	0.47	0.35	0.52	0.59	0.51	0.14	0.32	-0.04		0.41	0.47	0.08	0.18	0.41	0.08	0.48	0.45	0.07	-0.02	0.44	0.4	0.41	0.37	0.49	0.44	0.44
Cash	0.77	0.67	-0.27	-0.17	0.8	-0.32	0.61	-0.85	0.41		0.75	0.01	0.56	1.0	0.18	0.73	0.82	0.6	-0.72	0.81	0.68	0.97	0.96	0.87	0.8	0.55
Non Current Assets Total	1.0	0.96	-0.1	0.12	0.93	-0.06	0.94	-0.74	0.47	0.75		0.25	0.86	0.75	0.4	0.97	0.96	0.86	-0.75	0.93	0.97	0.73	0.8	0.91	0.98	0.82
Other Assets	0.25	0.34	-0.26	-0.23	0.12	-0.06	0.37	-0.09	0.08	0.01	0.25		0.21	0.01	0.88	0.28	0.16	0.43	-0.49	0.12	0.33	0.21	0.05	0.1	0.24	0.19
Long Term Debt	0.86	0.86	0.01	0.15	0.77	0.11	0.85	-0.61	0.18	0.56	0.86	0.21		0.56	0.44	0.81	0.84	0.85	-0.69	0.78	0.85	0.58	0.64	0.74	0.83	0.86
Cash And Short Term Investments	0.77	0.67	-0.27	-0.17	0.8	-0.32	0.61	-0.85	0.41	1.0	0.75	0.01	0.56		0.18	0.73	0.82	0.6	-0.72	0.81	0.68	0.97	0.96	0.87	0.8	0.55
Net Receivables	0.41	0.44	-0.26	-0.19	0.32	0.05	0.46	-0.28	0.08	0.18	0.4	0.88	0.44	0.18		0.44	0.36	0.57	-0.57	0.33	0.43	0.37	0.28	0.3	0.39	0.38
Common Stock Total Equity	0.97	0.88	-0.14	0.08	0.97	0.03	0.85	-0.71	0.48	0.73	0.97	0.28	0.81	0.73	0.44		0.96	0.83	-0.71	0.97	0.89	0.72	0.81	0.94	0.93	0.74
Common Stock Shares Outstanding	0.97	0.87	-0.13	0.05	0.97	-0.05	0.83	-0.78	0.45	0.82	0.96	0.16	0.84	0.82	0.36	0.96		0.83	-0.73	0.98	0.88	0.8	0.85	0.97	0.95	0.81
Non Current Liabilities Total	0.86	0.9	-0.43	-0.25	0.74	-0.13	0.9	-0.77	0.07	0.6	0.86	0.43	0.85	0.6	0.57	0.83	0.83		-0.9	0.78	0.89	0.63	0.67	0.73	0.86	0.75
Other Current Assets	-0.76	-0.8	0.59	0.49	-0.65	0.37	-0.79	0.84	-0.02	-0.72	-0.75	-0.49	-0.69	-0.72	-0.57	-0.71	-0.73	-0.9		-0.7	-0.78	-0.78	-0.73	-0.69	-0.8	-0.56
Other Stockholder Equity	0.94	0.82	-0.19	0.0	0.99	-0.04	0.76	-0.78	0.44	0.81	0.93	0.12	0.78	0.81	0.33	0.97	0.98	0.78	-0.7		0.83	0.79	0.87	0.98	0.91	0.72
Total Liab	0.96	1.0	-0.12	0.11	0.81	-0.16	0.99	-0.72	0.4	0.68	0.97	0.33	0.85	0.68	0.43	0.89	0.88	0.89	-0.78	0.83		0.66	0.71	0.8	0.97	0.83
Total Current Assets	0.75	0.65	-0.27	-0.22	0.78	-0.27	0.6	-0.79	0.41	0.97	0.73	0.21	0.58	0.97	0.37	0.72	0.8	0.63	-0.78	0.79	0.66		0.93	0.84	0.78	0.55
Common Stock	0.81	0.7	-0.3	-0.15	0.86	-0.14	0.65	-0.86	0.37	0.96	0.8	0.05	0.64	0.96	0.28	0.81	0.85	0.67	-0.73	0.87	0.71	0.93		0.91	0.83	0.56
Net Tangible Assets	0.92	0.79	-0.17	0.0	0.98	-0.03	0.73	-0.78	0.49	0.87	0.91	0.1	0.74	0.87	0.3	0.94	0.97	0.73	-0.69	0.98	0.8	0.84	0.91		0.91	0.71
Long Term Investments	0.98	0.96	-0.17	0.05	0.89	-0.14	0.94	-0.8	0.44	0.8	0.98	0.24	0.83	0.8	0.39	0.93	0.95	0.86	-0.8	0.91	0.97	0.78	0.83	0.91		0.82
Short Long Term Debt	0.82	0.82	0.13	0.28	0.71	0.07	0.81	-0.54	0.44	0.55	0.82	0.19	0.86	0.55	0.38	0.74	0.81	0.75	-0.56	0.72	0.83	0.55	0.56	0.71	0.82

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PennantPark Floating Account Relationship Matchups

PennantPark Floating fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.2B	1.2B	1.4B	824.7M
Short Long Term Debt Total	653.2M	652.6M	672.8M	495.4M	569.7M	374.9M
Other Current Liab	(11.1M)	(22.7M)	(12.5M)	(19.5M)	(17.6M)	(16.7M)
Total Current Liabilities	11.1M	22.7M	217.4M	19.5M	22.5M	21.3M
Total Stockholder Equity	477.3M	490.6M	527.1M	653.6M	751.6M	423.6M
Net Debt	595.7M	602.8M	624.9M	395.4M	454.8M	333.5M
Retained Earnings	(60.9M)	(48.2M)	(91.0M)	(111.6M)	(100.5M)	(95.5M)
Accounts Payable	11.1M	22.7M	12.5M	19.5M	22.5M	19.7M
Cash	57.5M	49.8M	47.9M	100.0M	115.0M	120.7M
Non Current Assets Total	1.1B	1.1B	1.2B	1.1B	1.2B	772.7M
Cash And Short Term Investments	57.5M	49.8M	47.9M	100.0M	115.0M	120.7M
Net Receivables	3.7M	39.4M	11.0M	11.0M	12.6M	10.0M
Liabilities And Stockholders Equity	1.1B	1.2B	1.2B	1.2B	1.4B	824.7M
Non Current Liabilities Total	653.2M	652.6M	523.0M	495.4M	569.7M	309.9M
Other Current Assets	(112.9M)	(141.3M)	(58.9M)	(111.5M)	(100.4M)	(95.4M)
Other Stockholder Equity	538.2M	538.8M	618.0M	765.2M	880.0M	450.1M
Total Liab	671.0M	680.2M	696.8M	525.4M	604.3M	401.1M
Total Current Assets	61.2M	89.2M	33.7M	111.0M	127.6M	134.0M
Net Tangible Assets	477.3M	490.6M	527.1M	653.6M	751.6M	507.0M
Long Term Investments	1.1B	1.1B	1.2B	1.1B	1.2B	938.5M
Short Term Debt	129.3B	208.3B	217.4M	259.3M	298.2M	283.3M
Non Currrent Assets Other	(1.1B)	(1.1B)	(1.2B)	(1.1B)	(960.5M)	(912.4M)
Net Invested Capital	1.1B	1.1B	1.2B	1.1B	1.3B	1.2B
Current Deferred Revenue	(135.2B)	(129.3B)	(208.3B)	(239.7M)	(275.7M)	(289.5M)

Pair Trading with PennantPark Floating

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PennantPark Floating position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PennantPark Floating will appreciate offsetting losses from the drop in the long position's value.

Moving together with PennantPark Stock

0.65

Citigroup Financial Report 12th of July 2024

Pair Corr

Moving against PennantPark Stock

0.72	MA	Mastercard	Pair Corr
0.61	AMK	AssetMark Financial	Pair Corr
0.6	CG	Carlyle Group	Pair Corr
0.55	GL	Globe Life	Pair Corr
0.53	V	Visa Class A Financial Report 23rd of July 2024	Pair Corr

The ability to find closely correlated positions to PennantPark Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennantPark Floating when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PennantPark Floating - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PennantPark Floating Rate to buy it.

The correlation of PennantPark Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PennantPark Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennantPark Floating Rate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for PennantPark Floating can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for PennantPark Stock Analysis

When running PennantPark Floating's price analysis, check to measure PennantPark Floating's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PennantPark Floating is operating at the current time. Most of PennantPark Floating's value examination focuses on studying past and present price action to predict the probability of PennantPark Floating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Floating's price. Additionally, you may evaluate how the addition of PennantPark Floating to your portfolios can decrease your overall portfolio volatility.

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