Financial Snapshot

Revenue
$115.3M
TTM
Gross Margin
95.32%
TTM
Net Earnings
$91.84M
TTM
Current Assets
$125.3M
Q3 2024
Current Liabilities
$52.81M
Q3 2024
Current Ratio
237.36%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$877.3M
Q3 2024
Cash
Q3 2024
P/E
9.996
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $77.72M $67.49M $48.58M $82.69M $95.49M $92.95M $72.20M $59.50M $46.30M $30.36M $30.36M $18.87M $12.10M $2.950M
YoY Change 15.16% 38.92% -41.25% -13.4% 2.73% 28.74% 21.34% 28.51% 52.5% 0.0% 60.89% 55.95% 310.17%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $77.72M $67.49M $48.58M $82.69M $95.49M $92.95M $72.20M $59.50M $46.30M $30.36M $30.36M $18.87M $12.10M $2.950M
Cost Of Revenue $92.22M $66.44M $53.31M $37.67M $47.84M $38.95M $25.11M $21.46M $14.73M $7.940M $10.64M $5.940M $3.540M $520.0K
Gross Profit $94.14M $72.90M $52.18M $45.02M $47.65M $53.99M $47.09M $38.04M $31.57M $22.42M $19.72M $12.93M $8.560M $2.430M
Gross Profit Margin 121.12% 108.01% 107.4% 54.45% 49.9% 58.08% 65.22% 63.93% 68.19% 73.85% 64.95% 68.52% 70.74% 82.37%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin $6.654M $4.421M $3.193M $2.100M $4.260M $4.010M $5.260M $4.480M $3.330M $2.450M $2.370M $1.980M $1.940M $740.0K
YoY Change 50.51% 38.46% 52.05% -50.7% 6.23% -23.76% 17.41% 34.53% 35.92% 3.38% 19.7% 2.06% 162.16%
% of Gross Profit 7.07% 6.06% 6.12% 4.66% 8.94% 7.43% 11.17% 11.78% 10.55% 10.93% 12.02% 15.31% 22.66% 30.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $15.30M $4.421M $3.193M $4.998M $4.260M $8.540M $16.13M $4.590M $4.240M $4.760M $3.080M $2.400M $2.250M $2.110M
YoY Change 246.01% 38.46% -36.12% 17.33% -50.12% -47.06% 251.42% 8.25% -10.92% 54.55% 28.33% 6.67% 6.64%
Operating Profit $78.84M $68.48M $48.98M $40.03M $43.39M $45.45M $30.96M $33.45M $27.33M $17.66M $16.64M $10.53M $6.310M $320.0K
YoY Change 15.14% 39.8% 22.37% -7.75% -4.53% 46.8% -7.44% 22.39% 54.76% 6.13% 58.02% 66.88% 1871.88%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense $14.12M -$28.23M -$45.13M $16.89M -$24.97M -$34.05M $2.530M $2.880M $6.150M -$5.160M $3.880M $1.460M $5.650M -$3.790M
YoY Change -150.01% -37.45% -367.2% -167.64% -26.67% -1445.85% -12.15% -53.17% -219.19% -232.99% 165.75% -74.16% -249.08%
% of Operating Profit 17.91% -41.23% -92.13% 42.2% -57.55% -74.92% 8.17% 8.61% 22.5% -29.22% 23.32% 13.87% 89.54% -1184.38%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income $92.96M $40.25M $3.853M $56.92M $18.41M $11.42M $33.49M $36.33M $33.49M $12.50M $20.51M $11.98M $11.96M -$3.470M
YoY Change 130.98% 944.51% -93.23% 209.16% 61.21% -65.9% -7.82% 8.48% 167.92% -39.05% 71.2% 0.17% -444.67%
Income Tax $1.120M $984.0K $400.0K $400.0K $400.0K $0.00
% Of Pretax Income 1.2% 2.45% 10.38% 0.7% 2.17% 0.0%
Net Earnings $91.84M $39.26M $3.453M $56.52M $18.41M $11.42M $33.49M $36.33M $33.49M $12.50M $20.51M $11.98M $11.96M -$3.470M
YoY Change 133.92% 1037.01% -93.89% 206.99% 61.21% -65.9% -7.82% 8.48% 167.92% -39.05% 71.2% 0.17% -444.67%
Net Earnings / Revenue 118.16% 58.17% 7.11% 68.34% 19.28% 12.29% 46.39% 61.06% 72.33% 41.17% 67.56% 63.49% 98.84% -117.63%
Basic Earnings Per Share
Diluted Earnings Per Share $1.40 $0.77 $84.10K $1.457M $474.9K $294.6K $874.4K $1.200M $1.253M $767.3K $1.377M $1.249M $1.746M -$508.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments $112.1M $100.6M $47.88M $49.83M $57.50M $63.30M $72.20M $18.90M $28.90M $21.40M $13.10M $4.600M $3.800M $7.000M
YoY Change 11.43% 110.01% -3.9% -13.35% -9.16% -12.33% 282.01% -34.6% 35.05% 63.36% 184.78% 21.05% -45.71%
Cash & Equivalents $112.1M $100.6M $47.88M $49.83M $57.50M $63.30M $72.20M $18.90M $28.90M $21.40M $13.10M $4.600M $3.800M $7.000M
Short-Term Investments
Other Short-Term Assets $198.0K $894.0K $748.0K $0.00 $200.0K $400.0K $800.0K $1.200M $1.100M $1.400M $600.0K $600.0K $300.0K $200.0K
YoY Change -77.85% 19.52% -100.0% -50.0% -50.0% -33.33% 9.09% -21.43% 133.33% 0.0% 100.0% 50.0%
Inventory
Prepaid Expenses
Receivables $291.0K $0.00 $3.441M $33.97M $0.00 $3.000M $0.00 $14.20M $0.00 $9.000M $3.700M $1.000M $2.500M
Other Receivables $12.80M $10.99M $7.543M $5.446M $3.700M $3.900M $2.800M $2.500M $2.000M $1.800M $2.100M $1.400M $700.0K
Total Short-Term Assets $125.3M $112.4M $59.61M $89.24M $61.40M $70.60M $75.80M $36.80M $32.50M $24.80M $24.50M $11.00M $6.500M $10.40M
YoY Change 11.48% 88.61% -33.2% 45.34% -13.03% -6.86% 105.98% 13.23% 31.05% 1.22% 122.73% 69.23% -37.5%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.984B $1.067B $1.164B $1.082B $1.087B $1.082B $1.001B $710.5M $598.9M $391.3M $348.4M $317.8M $171.8M $110.7M
YoY Change 85.87% -8.34% 7.64% -0.49% 0.48% 8.11% 40.83% 18.63% 53.05% 12.31% 9.63% 84.98% 55.19%
Other Assets
YoY Change
Total Long-Term Assets $1.984B $1.067B $1.164B $1.082B $1.087B $1.082B $1.001B $710.5M $598.9M $391.3M $348.4M $317.8M $171.9M $110.7M
YoY Change 85.87% -8.34% 7.64% -0.49% 0.47% 8.12% 40.83% 18.63% 53.05% 12.31% 9.63% 84.87% 55.28%
Total Assets $2.109B $1.180B $1.224B $1.171B $1.148B $1.152B $1.076B $747.3M $631.4M $416.1M $372.9M $328.8M $178.4M $121.1M
YoY Change
Accounts Payable $20.36M $5.471M $0.00 $13.55M $3.800M $12.00M $59.60M $21.70M $14.90M $9.400M $3.200M $14.00M $3.400M $1.000M
YoY Change 272.2% -100.0% 256.46% -68.33% -79.87% 174.65% 45.64% 58.51% 193.75% -77.14% 311.76% 240.0%
Accrued Expenses $16.83M $9.902M $8.928M $7.045M $5.500M $4.800M $4.000M $900.0K $700.0K $800.0K $1.100M $1.000M $2.700M $300.0K
YoY Change 69.99% 10.91% 26.72% 28.1% 14.58% 20.0% 344.44% 28.57% -12.5% -27.27% 10.0% -62.96% 800.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.81M $28.78M $19.43M $27.61M $17.80M $25.70M $73.00M $32.50M $23.10M $13.70M $155.7M $18.20M $7.600M $2.000M
YoY Change 83.48% 48.14% -29.64% 55.12% -30.74% -64.79% 124.62% 40.69% 68.61% -91.2% 755.49% 139.47% 280.0%
Long-Term Debt $1.177B $495.4M $672.8M $652.6M $653.2M $623.6M $467.6M $256.9M $232.4M $29.60M $0.00 $99.60M $75.10M $24.70M
YoY Change 137.58% -26.36% 3.09% -0.09% 4.75% 33.36% 82.02% 10.54% 685.14% -100.0% 32.62% 204.05%
Other Long-Term Liabilities $0.00 $2.700M $900.0K $0.00 $2.300M
YoY Change -100.0% 200.0% -100.0%
Total Long-Term Liabilities $1.177B $495.4M $672.8M $652.6M $653.2M $623.6M $467.6M $256.9M $232.4M $29.60M $2.700M $100.5M $75.10M $27.00M
YoY Change 137.58% -26.36% 3.09% -0.09% 4.75% 33.36% 82.02% 10.54% 685.14% 996.3% -97.31% 33.82% 178.15%
Total Liabilities $1.232B $526.0M $696.8M $680.2M $671.0M $649.3M $540.6M $289.4M $255.5M $43.20M $158.3M $118.7M $82.60M $29.00M
YoY Change 134.13% -24.51% 2.43% 1.38% 3.34% 20.11% 86.8% 13.27% 491.44% -72.71% 33.36% 43.7% 184.83%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $918.03 Million

About PennantPark Floating Rate Capital Ltd.

PennantPark Floating Rate Capital Ltd., a traded fund, invests in middle market companies located in the United States. The company is headquartered in New York City, New York. The company went IPO on 2011-04-08. The investment objectives of the Company are to generate both current income and capital appreciation while seeking to preserve capital. The company seeks to achieve its investment objective by investing primarily in floating rate loans, and other investments made to United States middle-market private companies whose debt is rated below investment grade. The firm generally expect to invest up to 35% of its overall portfolio opportunistically in other types of investments, including second lien secured debt, subordinated debt, and, to a lesser extent, equity investments. The Company’s debt investments may generally range in maturity from three to ten years and are made to United States and, to a limited extent, non-United States corporations, partnerships and other business entities which operate in various industries and geographical regions.

Industry: UNKNOWN Peers: DIAMOND HILL INVESTMENT GROUP INC BlackRock TCP Capital Corp. Blackstone Inc. Acadian Asset Management Inc. CION Investment Corp Carlyle Secured Lending, Inc. Crescent Capital BDC, Inc. WisdomTree, Inc. Sculptor Capital Management, Inc. Pzena Investment Management, Inc.