PennantPark Long Term Investments vs Cash And Short Term Investments Analysis

PFLT Stock

USD 11.19 0.12 1.08%

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 Long Term Investments 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 closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Long Term Investments vs Cash And Short Term Investments

Long Term Investments 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 Long Term Investments account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between PennantPark Floating's Long Term Investments and Cash And Short Term Investments is 0.8. Overlapping area represents the amount of variation of Long Term Investments 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 Long Term Investments 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 Long Term Investments 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 Long Term Investments i.e., PennantPark Floating's Long Term Investments and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of PennantPark Floating balance sheet that represents investments PennantPark Floating Rate intends to hold for over a year. PennantPark Floating Rate long term investments may include different instruments such as stocks, bonds, real estate and cash.

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 closely tied 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		0.31	-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	0.71	0.96	0.75	0.81	0.92	0.98	0.82
Short Long Term Debt Total	0.31		0.67	0.68	0.23	-0.08	0.3	0.11	0.66	0.2	0.31	-0.11	0.19	0.2	-0.19	0.23	0.23	-0.09	0.08	0.13	0.34	0.16	0.08	0.21	0.3	0.28
Other Current Liab	-0.11	0.67		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	0.68	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	-0.21	0.11	-0.22	-0.15	0.0	0.05	0.28
Total Stockholder Equity	0.94	0.23	-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	0.79	0.81	0.78	0.86	0.98	0.89	0.71
Other Liab	-0.08	-0.08	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	-0.1	-0.16	-0.27	-0.14	-0.03	-0.14	0.07
Net Debt	0.93	0.3	-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	0.53	0.99	0.6	0.65	0.73	0.94	0.81
Retained Earnings	-0.75	0.11	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	-0.69	-0.72	-0.79	-0.86	-0.78	-0.8	-0.54
Accounts Payable	0.47	0.66	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	0.42	0.4	0.41	0.37	0.49	0.44	0.44
Cash	0.77	0.2	-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	0.92	0.68	0.97	0.96	0.87	0.8	0.55
Non Current Assets Total	1.0	0.31	-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	0.7	0.97	0.73	0.8	0.91	0.98	0.82
Other Assets	0.25	-0.11	-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	0.13	0.33	0.21	0.05	0.1	0.24	0.19
Long Term Debt	0.86	0.19	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	0.57	0.85	0.58	0.64	0.74	0.83	0.86
Cash And Short Term Investments	0.77	0.2	-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	0.92	0.68	0.97	0.96	0.87	0.8	0.55
Net Receivables	0.41	-0.19	-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	0.29	0.43	0.37	0.28	0.3	0.39	0.38
Common Stock Total Equity	0.97	0.23	-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	0.71	0.89	0.72	0.81	0.94	0.93	0.74
Common Stock Shares Outstanding	0.97	0.23	-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	0.77	0.88	0.8	0.85	0.97	0.95	0.81
Non Current Liabilities Total	0.86	-0.09	-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	0.6	0.89	0.63	0.67	0.73	0.86	0.75
Other Current Assets	-0.76	0.08	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		-0.72	-0.78	-0.78	-0.73	-0.69	-0.8	-0.56
Other Stockholder Equity	0.71	0.13	-0.19	-0.21	0.79	-0.1	0.53	-0.69	0.42	0.92	0.7	0.13	0.57	0.92	0.29	0.71	0.77	0.6	-0.72		0.6	0.96	0.91	0.83	0.72	0.51
Total Liab	0.96	0.34	-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	0.6		0.66	0.71	0.8	0.97	0.83
Total Current Assets	0.75	0.16	-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	0.96	0.66		0.93	0.84	0.78	0.55
Common Stock	0.81	0.08	-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	0.91	0.71	0.93		0.91	0.83	0.56
Net Tangible Assets	0.92	0.21	-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	0.83	0.8	0.84	0.91		0.91	0.71
Long Term Investments	0.98	0.3	-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	0.72	0.97	0.78	0.83	0.91		0.82
Short Long Term Debt	0.82	0.28	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	0.51	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	541.3M
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	599.1M	587.1M	181.9M	765.2M	880.0M	924.0M
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)	(1.2B)	(1.2B)	(1.2B)	(1.1B)	(1.0B)
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)

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