NYSE : PFLT
PennantPark Floating Rate Capital Ltd. — Financial statements
Financials · Asset Management · United States
Last price 6.94 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 688.57M
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Financial statements
PennantPark Floating Rate Capital Ltd. (PFLT) reported revenue of 271.11M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Other Revenue | 271.11M | 261.43M | 186.35M | 139.34M | 105.48M | 82.69M |
| Revenue | 271.11M | 261.43M | 186.35M | 139.34M | 105.48M | 82.69M |
| Gross Profit | 271.11M | 261.43M | 186.35M | 139.34M | 105.48M | 82.69M |
| Selling, General & Admin | 61.08M | 56.88M | 39.65M | 32.70M | 26.75M | 18.12M |
| Operating Expenses | 61.08M | 56.88M | 39.65M | 32.70M | 26.75M | 18.12M |
| Operating Income | 210.03M | 204.55M | 146.71M | 106.64M | 78.74M | 64.57M |
| Interest Expense | -102.11M | -93.23M | -59.22M | -38.17M | -29.75M | -21.65M |
| EBT Excluding Unusual Items | 107.92M | 111.33M | 87.48M | 68.47M | 48.98M | 42.92M |
| Gain (Loss) on Sale of Investments | -54.25M | -40.83M | 14.53M | -25.95M | -40.19M | 28.50M |
| Other Unusual Items | -2.90M | -3.25M | -9.05M | -2.28M | -4.94M | -14.51M |
| Pretax Income | 50.77M | 67.24M | 92.96M | 40.24M | 3.85M | 56.92M |
| Income Tax Expense | 525.00K | 875.00K | 1.12M | 984.00K | 400.00K | 400.00K |
| Net Income | 50.25M | 66.36M | 91.84M | 39.26M | 3.45M | 56.52M |
| Net Income to Common | 50.25M | 66.36M | 91.84M | 39.26M | 3.45M | 56.52M |
| Shares Outstanding (Basic) | 99.24M | 92.54M | 65.73M | 50.83M | 41.06M | 38.77M |
| Shares Outstanding (Diluted) | 99.24M | 92.54M | 65.73M | 50.83M | 41.06M | 38.77M |
| EPS (Basic) | 0.51 | 0.72 | 1.40 | 0.77 | 0.08 | 1.46 |
| EPS (Diluted) | 0.51 | 0.72 | 1.40 | 0.77 | 0.08 | 1.46 |
| Dividend Per Share | 1.21 | 1.23 | 1.23 | 1.19 | 1.14 | 1.14 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 77.47% | 78.24% | 78.72% | 76.53% | 74.64% | 78.09% |
| Profit Margin | 18.53% | 25.39% | 49.28% | 28.18% | 3.27% | 68.34% |
| EBIT | 210.03M | 204.55M | 146.71M | 106.64M | 78.74M | 64.57M |
| EBIT Margin | 77.47% | 78.24% | 78.72% | 76.53% | 74.64% | 78.09% |
| Effective Tax Rate | 1.03% | 1.30% | 1.21% | 2.44% | 10.38% | 0.70% |
| Revenue as Reported | 271.11M | 261.43M | 186.35M | 139.34M | 105.48M | 82.69M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 100.81M | 122.69M | 112.05M | 100.56M | 51.49M | 49.83M |
| Cash & Short-Term Investments | 100.81M | 122.69M | 112.05M | 100.56M | 51.49M | 49.83M |
| Accounts Receivable | 27.05M | 15.20M | 12.80M | 10.99M | 10.98M | 39.41M |
| Other Receivables | 233.00K | 321.00K | 291.00K | |||
| Receivables | 27.28M | 15.52M | 13.09M | 10.99M | 10.98M | 39.41M |
| Prepaid Expenses | 2.09M | 2.14M | 198.00K | 894.00K | 748.00K | |
| Total Current Assets | 130.18M | 140.35M | 125.34M | 112.44M | 63.22M | 89.24M |
| Long-Term Investments | 2.50B | 2.77B | 1.98B | 1.07B | 1.16B | 1.08B |
| Total Assets | 2.63B | 2.91B | 2.11B | 1.18B | 1.23B | 1.17B |
| Accounts Payable | 1.32M | 17.02M | 22.55M | 6.19M | 13.55M | |
| Accrued Expenses | 32.52M | 32.60M | 22.42M | 16.00M | 15.12M | 10.38M |
| Other Current Liabilities | 8.27M | 10.17M | 7.83M | 6.59M | 7.92M | 3.69M |
| Total Current Liabilities | 42.10M | 59.79M | 52.81M | 28.78M | 23.04M | 27.61M |
| Long-Term Debt | 1.57B | 1.78B | 1.18B | 495.43M | 672.78M | 652.63M |
| Long-Term Deferred Tax Liabilities | 592.00K | 1.86M | 1.71M | 1.79M | 4.57M | |
| Other Long-Term Liabilities | 739.00K | |||||
| Total Liabilities | 1.62B | 1.84B | 1.23B | 526.01M | 700.38M | 680.25M |
| Common Stock | 99.00K | 99.00K | 78.00K | 59.00K | 45.00K | 39.00K |
| Additional Paid-In Capital | 1.22B | 1.22B | 976.74M | 765.19M | 618.03M | 538.81M |
| Retained Earnings | -201.97M | -145.09M | -99.53M | -111.64M | -90.98M | -48.24M |
| Shareholders' Equity | 1.02B | 1.07B | 877.29M | 653.61M | 527.09M | 490.61M |
| Total Liabilities & Equity | 2.63B | 2.91B | 2.11B | 1.18B | 1.23B | 1.17B |
| Total Debt | 1.57B | 1.78B | 1.18B | 495.43M | 672.78M | 652.63M |
| Net Cash (Debt) | -1.47B | -1.65B | -1.06B | -394.88M | -621.29M | -602.81M |
| Net Cash Per Share | -14.85 | -17.87 | -16.20 | -7.77 | -15.13 | -15.55 |
| Filing Date Shares Outstanding | 99.22M | 99.22M | 83.23M | 58.73M | 45.35M | 38.88M |
| Total Common Shares Outstanding | 99.22M | 99.22M | 77.58M | 58.73M | 45.35M | 38.88M |
| Working Capital | 88.08M | 80.56M | 72.53M | 83.66M | 40.19M | 61.62M |
| Book Value Per Share | 10.26 | 10.83 | 11.31 | 11.13 | 11.62 | 12.62 |
| Tangible Book Value | 1.02B | 1.07B | 877.29M | 653.61M | 527.09M | 490.61M |
| Tangible Book Value Per Share | 10.26 | 10.83 | 11.31 | 11.13 | 11.62 | 12.62 |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 50.25M | 66.36M | 91.84M | 39.26M | 3.45M | 56.52M |
| Other Amortization | 3.35M | 1.75M | 1.99M | 1.41M | 737.00K | 961.00K |
| Loss (Gain) From Sale of Investments | 47.99M | 31.09M | -19.32M | 23.26M | 31.42M | -31.74M |
| Other Operating Activities | -147.80M | -820.95M | -896.61M | 75.53M | -109.02M | 49.61M |
| Change in Accounts Receivable | -13.85M | -2.40M | -1.81M | -4.00K | 28.43M | -35.74M |
| Change in Accounts Payable | -347.00K | -5.53M | 16.36M | 5.43M | -13.55M | 9.75M |
| Change in Other Net Operating Assets | 2.29M | 8.95M | 6.26M | -1.54M | 7.38M | 448.00K |
| Operating Cash Flow | -58.40M | -720.58M | -801.38M | 140.56M | -46.58M | 49.80M |
| Long-Term Debt Issued | 1.01B | 1.16B | 65.00M | 231.59M | 443.34M | |
| Long-Term Debt Repaid | -405.00M | -476.22M | -245.50M | -217.79M | -456.49M | |
| Net Debt Issued (Repaid) | 178.52M | 601.00M | 683.24M | -180.50M | 13.80M | -13.14M |
| Issuance of Common Stock | 245.48M | 213.91M | 148.41M | 81.94M | 1.40M | |
| Common Dividends Paid | -122.04M | -111.56M | -78.81M | -58.74M | -46.07M | -44.21M |
| Other Financing Activities | -2.00K | -3.70M | -5.46M | -705.00K | -1.97M | -364.00K |
| Financing Cash Flow | 56.48M | 731.22M | 812.87M | -91.53M | 47.70M | -56.31M |
| Foreign Exchange Rate Adjustments | -7.00K | -2.00K | 4.00K | 37.00K | 320.00K | -945.00K |
| Net Cash Flow | -1.92M | 10.64M | 11.49M | 49.07M | 1.44M | -7.46M |
| Levered Free Cash Flow | 57.05M | 73.94M | 79.28M | 49.80M | 54.45M | 2.03M |
| Unlevered Free Cash Flow | 117.52M | 130.46M | 114.31M | 72.25M | 72.31M | 14.60M |
| Cash Interest Paid | 97.77M | 86.95M | 51.20M | 36.31M | 26.09M | 18.84M |
| Cash Income Tax Paid | 795.00K | 975.00K | 1.06M | 530.00K | 1.17M | 405.00K |
| Change in Working Capital | -12.20M | 1.17M | 20.72M | 1.11M | 26.83M | -25.54M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 690.06M | 882.05M | 849.48M | 626.11M | 435.32M | 495.89M |
| Enterprise Value | 2.16B | 2.17B | 1.66B | 1.12B | 1.15B | 1.01B |
| Last Close Price | 6.88 | 7.65 | 8.87 | 7.33 | 5.92 | 7.21 |
| PE Ratio | 13.74 | 13.29 | 9.25 | 15.95 | 126.07 | 8.77 |
| Forward PE | 6.60 | 7.60 | 9.20 | 8.66 | 8.02 | 11.52 |
| PS Ratio | 2.52 | 3.37 | 4.56 | 4.49 | 4.13 | 6.00 |
| PB Ratio | 0.67 | 0.82 | 0.97 | 0.96 | 0.83 | 1.01 |
| P/TBV Ratio | 0.67 | 0.82 | 0.97 | 0.96 | 0.83 | 1.01 |
| P/OCF Ratio | 4.45 | 9.96 | ||||
| PEG Ratio | 0.29 | 0.29 | 0.29 | 0.29 | 0.21 | |
| EV/Sales Ratio | 7.95 | 8.30 | 8.91 | 8.04 | 10.91 | 12.25 |
| EV/EBIT Ratio | 10.27 | 10.61 | 11.32 | 10.50 | 14.62 | 15.69 |
| Debt / Equity Ratio | 1.55 | 1.65 | 1.34 | 0.76 | 1.28 | 1.33 |
| Net Debt / Equity Ratio | 1.45 | 1.54 | 1.21 | 0.60 | 1.18 | 1.23 |
| Asset Turnover | 0.10 | 0.10 | 0.11 | 0.12 | 0.09 | 0.07 |
| Quick Ratio | 3.04 | 2.31 | 2.37 | 3.88 | 2.71 | 3.23 |
| Current Ratio | 3.09 | 2.35 | 2.37 | 3.91 | 2.75 | 3.23 |
| Return on Equity (ROE) | 4.77% | 6.80% | 12.00% | 6.65% | 0.68% | 11.68% |
| Return on Assets (ROA) | 5.09% | 5.09% | 5.58% | 5.54% | 4.10% | 3.48% |
| Return on Invested Capital (ROIC) | 8.19% | 8.64% | 9.69% | 9.47% | 6.30% | 5.92% |
| Return on Capital Employed (ROCE) | 8.10% | 7.20% | 7.10% | 9.30% | 6.50% | 5.60% |
| Earnings Yield | 7.28% | 7.52% | 10.81% | 6.27% | 0.79% | 11.40% |
| Dividend Yield | 13.77% | 13.84% | 11.23% | 11.13% | 11.88% | 8.94% |
| Payout Ratio | 220.70% | 168.10% | 85.82% | 149.61% | 1,334.12% | 78.22% |
| Buyback Yield / Dilution | -14.91% | -40.80% | -29.30% | -23.80% | -5.92% | 0.01% |
| Total Shareholder Return | -0.95% | -26.96% | -18.06% | -12.67% | 5.96% | 8.95% |