PennantPark Net Debt vs Cash And Short Term Investments Analysis

PFLT Stock

USD 11.39 0.10 0.89%

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 Net Debt and its Cash And Short Term Investments 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.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

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

The correlation between PennantPark Floating's Net Debt and Cash And Short Term Investments is 0.61. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments 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 Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of PennantPark Floating Rate are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., PennantPark Floating's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of PennantPark Floating Rate balance sheet. This account contains PennantPark Floating investments that will expire within one year. These investments include stocks and bonds that can be liquidated by PennantPark Floating Rate fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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

Click cells to compare fundamentals

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

0.7	BK	Bank of New York Financial Report 16th of July 2024	Pair Corr
0.75	DPCS	DP Cap Acquisition	Pair Corr

Moving against PennantPark Stock

0.6	AMK	AssetMark Financial	Pair Corr
0.59	NMR	Nomura Holdings ADR	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

When determining whether PennantPark Floating Rate is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennantPark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennantpark Floating Rate Stock. Highlighted below are key reports to facilitate an investment decision about Pennantpark Floating Rate Stock:

How To Invest In PennantPark

Details

Is PennantPark Stock a good investment?

Details

What is PennantPark Floating's Net Worth?

Details

Largest Financial Services Companies

View

Largest Management Companies

View

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.

You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary 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.

	Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios
	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals

Is PennantPark Floating's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PennantPark Floating. If investors know PennantPark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PennantPark Floating listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.417

Dividend Share

0.61

Earnings Share

1.53

Revenue Per Share

2.711

Quarterly Revenue Growth

0.284

The market value of PennantPark Floating Rate is measured differently than its book value, which is the value of PennantPark that is recorded on the company's balance sheet. Investors also form their own opinion of PennantPark Floating's value that differs from its market value or its book value, called intrinsic value, which is PennantPark Floating's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PennantPark Floating's market value can be influenced by many factors that don't directly affect PennantPark Floating's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between PennantPark Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennantPark Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennantPark Floating's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

PennantPark Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

PennantPark Floating fundamental ratios Correlations

PennantPark Floating Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PennantPark Floating fundamental ratios Accounts

Pair Trading with PennantPark Floating

Moving together with PennantPark Stock

Moving against PennantPark Stock

Complementary Tools for PennantPark Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Net Debt

Other Current Assets	- 0.9	Non Current Liabilities Total
Common Stock	- 0.86	Retained Earnings
Cash And Short Term Investments	- 0.85	Retained Earnings
Cash	- 0.85	Retained Earnings
Long Term Investments	- 0.8	Other Current Assets
Long Term Investments	- 0.8	Retained Earnings