PennantPark Other Current Assets vs Short Long Term Debt 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 Other Current Assets 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.
Other Current Assets vs Short Long Term Debt
Other Current Assets 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 Other Current Assets account and Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between PennantPark Floating's Other Current Assets and Short Long Term Debt is -0.56. Overlapping area represents the amount of variation of Other Current Assets 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 Other Current Assets 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 Other Current Assets 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 Other Current Assets i.e., PennantPark Floating's Other Current Assets and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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 |
PennantPark Floating fundamental ratios Correlations
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PennantPark Floating Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | PairCorr |
0.75 | DPCS | DP Cap Acquisition | PairCorr |
Moving against PennantPark Stock
0.6 | AMK | AssetMark Financial | PairCorr |
0.59 | NMR | Nomura Holdings ADR | PairCorr |
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.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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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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.