PennantPark Long Term Debt vs Cash And Short Term Investments Analysis

PNNT Stock

USD 7.49 0.07 0.94%

PennantPark Investment financial indicator trend analysis is much more than just breaking down PennantPark Investment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PennantPark Investment is a good investment. Please check the relationship between PennantPark Investment Long Term 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 Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.

Long Term Debt vs Cash And Short Term Investments

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

The correlation between PennantPark Investment's Long Term Debt and Cash And Short Term Investments is -0.56. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of PennantPark Investment, assuming nothing else is changed. The correlation between historical values of PennantPark Investment's Long Term 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 Long Term Debt of PennantPark Investment 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 Debt i.e., PennantPark Investment's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that PennantPark Investment has held for over one year. Long-term debt appears on PennantPark Investment balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on PennantPark Investment balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of PennantPark Investment balance sheet. This account contains PennantPark Investment investments that will expire within one year. These investments include stocks and bonds that can be liquidated by PennantPark Investment 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 Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PennantPark Investment 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 Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.Tax Provision is likely to gain to about 9.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5.7 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	11.9M	6.0M	6.9M	7.0M
Cost Of Revenue	114.9M	185.7M	213.6M	224.2M

Total Operating Expenses Cost Of Revenue

PennantPark Investment 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	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Assets	Short Term Debt
Total Assets		0.9	0.55	0.39	0.79	0.13	0.89	-0.2	-0.73	-0.62	0.97	-0.89	-0.33	0.73	-0.66	0.33	0.91	0.91	0.08	0.29	0.88	0.82	0.33	0.91	-0.74	0.33
Short Long Term Debt Total	0.9		0.47	0.16	0.49	-0.22	0.97	-0.46	-0.71	-0.58	0.88	-0.8	-0.04	0.66	-0.62	0.34	0.78	0.86	-0.1	0.02	0.79	0.93	0.04	0.79	-0.74	0.16
Other Current Liab	0.55	0.47		0.35	0.73	0.51	0.64	0.2	-0.89	-0.9	0.69	-0.8	-0.31	0.68	-0.9	-0.16	0.72	0.63	0.39	0.3	0.68	0.17	0.31	0.72	-0.22	0.56
Total Current Liabilities	0.39	0.16	0.35		0.55	0.62	0.17	0.55	-0.29	-0.16	0.36	-0.4	-0.89	0.56	-0.17	-0.28	0.37	0.33	0.62	0.83	0.14	0.09	0.89	0.36	-0.39	0.81
Total Stockholder Equity	0.79	0.49	0.73	0.55		0.64	0.62	0.29	-0.75	-0.73	0.84	-0.85	-0.59	0.67	-0.75	0.18	0.82	0.7	0.39	0.56	0.76	0.29	0.59	0.83	-0.48	0.54
Other Liab	0.13	-0.22	0.51	0.62	0.64		-0.07	0.79	-0.35	-0.38	0.19	-0.33	-0.68	0.31	-0.36	-0.17	0.3	0.1	0.68	0.64	0.16	-0.41	0.68	0.29	0.02	0.57
Net Debt	0.89	0.97	0.64	0.17	0.62	-0.07		-0.34	-0.85	-0.75	0.94	-0.9	-0.07	0.69	-0.78	0.33	0.84	0.88	0.01	0.07	0.84	0.81	0.07	0.85	-0.69	0.23
Retained Earnings	-0.2	-0.46	0.2	0.55	0.29	0.79	-0.34		-0.06	-0.1	-0.14	0.0	-0.59	0.11	-0.06	-0.25	-0.12	-0.2	0.63	0.6	-0.27	-0.59	0.59	-0.13	0.04	0.65
Accounts Payable	-0.73	-0.71	-0.89	-0.29	-0.75	-0.35	-0.85	-0.06		0.96	-0.85	0.93	0.24	-0.67	0.96	-0.21	-0.8	-0.74	-0.28	-0.23	-0.78	-0.43	-0.24	-0.8	0.49	-0.43
Cash	-0.62	-0.58	-0.9	-0.16	-0.73	-0.38	-0.75	-0.1	0.96		-0.77	0.86	0.15	-0.53	1.0	-0.19	-0.75	-0.68	-0.31	-0.19	-0.75	-0.28	-0.15	-0.76	0.35	-0.37
Non Current Assets Total	0.97	0.88	0.69	0.36	0.84	0.19	0.94	-0.14	-0.85	-0.77		-0.95	-0.31	0.76	-0.8	0.3	0.94	0.92	0.15	0.29	0.91	0.73	0.31	0.94	-0.69	0.37
Non Currrent Assets Other	-0.89	-0.8	-0.8	-0.4	-0.85	-0.33	-0.9	0.0	0.93	0.86	-0.95		0.36	-0.75	0.88	-0.28	-0.87	-0.83	-0.24	-0.34	-0.83	-0.58	-0.36	-0.88	0.65	-0.46
Other Assets	-0.33	-0.04	-0.31	-0.89	-0.59	-0.68	-0.07	-0.59	0.24	0.15	-0.31	0.36		-0.47	0.16	0.25	-0.34	-0.3	-0.65	-0.94	-0.15	0.04	-1.0	-0.33	0.42	-0.67
Long Term Debt	0.73	0.66	0.68	0.56	0.67	0.31	0.69	0.11	-0.67	-0.53	0.76	-0.75	-0.47		-0.56	-0.23	0.73	0.75	0.33	0.45	0.62	0.51	0.46	0.73	-0.66	0.54
Cash And Short Term Investments	-0.66	-0.62	-0.9	-0.17	-0.75	-0.36	-0.78	-0.06	0.96	1.0	-0.8	0.88	0.16	-0.56		-0.21	-0.79	-0.72	-0.3	-0.2	-0.79	-0.33	-0.16	-0.8	0.38	-0.35
Net Receivables	0.33	0.34	-0.16	-0.28	0.18	-0.17	0.33	-0.25	-0.21	-0.19	0.3	-0.28	0.25	-0.23	-0.21		0.15	0.1	-0.27	-0.28	0.24	0.34	-0.25	0.16	-0.25	-0.34
Common Stock Total Equity	0.91	0.78	0.72	0.37	0.82	0.3	0.84	-0.12	-0.8	-0.75	0.94	-0.87	-0.34	0.73	-0.79	0.15		0.95	0.25	0.33	0.96	0.64	0.34	1.0	-0.59	0.32
Common Stock Shares Outstanding	0.91	0.86	0.63	0.33	0.7	0.1	0.88	-0.2	-0.74	-0.68	0.92	-0.83	-0.3	0.75	-0.72	0.1	0.95		0.21	0.32	0.9	0.76	0.3	0.96	-0.71	0.32
Short Term Investments	0.08	-0.1	0.39	0.62	0.39	0.68	0.01	0.63	-0.28	-0.31	0.15	-0.24	-0.65	0.33	-0.3	-0.27	0.25	0.21		0.77	0.01	-0.24	0.65	0.24	-0.08	0.44
Non Current Liabilities Total	0.29	0.02	0.3	0.83	0.56	0.64	0.07	0.6	-0.23	-0.19	0.29	-0.34	-0.94	0.45	-0.2	-0.28	0.33	0.32	0.77		0.12	-0.06	0.94	0.32	-0.42	0.6
Other Stockholder Equity	0.88	0.79	0.68	0.14	0.76	0.16	0.84	-0.27	-0.78	-0.75	0.91	-0.83	-0.15	0.62	-0.79	0.24	0.96	0.9	0.01	0.12		0.65	0.15	0.96	-0.52	0.16
Total Liab	0.82	0.93	0.17	0.09	0.29	-0.41	0.81	-0.59	-0.43	-0.28	0.73	-0.58	0.04	0.51	-0.33	0.34	0.64	0.76	-0.24	-0.06	0.65		-0.04	0.65	-0.69	0.0
Total Current Assets	0.33	0.04	0.31	0.89	0.59	0.68	0.07	0.59	-0.24	-0.15	0.31	-0.36	-1.0	0.46	-0.16	-0.25	0.34	0.3	0.65	0.94	0.15	-0.04		0.33	-0.42	0.67
Common Stock	0.91	0.79	0.72	0.36	0.83	0.29	0.85	-0.13	-0.8	-0.76	0.94	-0.88	-0.33	0.73	-0.8	0.16	1.0	0.96	0.24	0.32	0.96	0.65	0.33		-0.58	0.32
Other Current Assets	-0.74	-0.74	-0.22	-0.39	-0.48	0.02	-0.69	0.04	0.49	0.35	-0.69	0.65	0.42	-0.66	0.38	-0.25	-0.59	-0.71	-0.08	-0.42	-0.52	-0.69	-0.42	-0.58		-0.29
Short Term Debt	0.33	0.16	0.56	0.81	0.54	0.57	0.23	0.65	-0.43	-0.37	0.37	-0.46	-0.67	0.54	-0.35	-0.34	0.32	0.32	0.44	0.6	0.16	0.0	0.67	0.32	-0.29

Click cells to compare fundamentals

PennantPark Investment Account Relationship Matchups

PennantPark Investment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.3B	1.3B	1.2B	1.3B	1.2B
Short Long Term Debt Total	568.3M	607.3M	704.5M	516.8M	594.4M	483.5M
Other Current Liab	(15.5M)	(21.4M)	(145.5M)	(126.6M)	(145.6M)	(138.3M)
Total Current Liabilities	15.5M	21.4M	16.0M	126.6M	145.6M	138.3M
Total Stockholder Equity	525.7M	660.1M	585.6M	502.2M	577.5M	602.9M
Net Debt	542.5M	587.0M	651.8M	382.4M	439.8M	417.9M
Retained Earnings	(262.0M)	(126.9M)	(162.7M)	(244.3M)	(219.9M)	(208.9M)
Accounts Payable	15.5M	21.4M	16.0M	126.6M	114.0M	119.7M
Cash	25.8M	20.4M	52.7M	134.4M	121.0M	127.0M
Non Current Assets Total	1.1B	1.3B	1.2B	1.0B	1.2B	1.1B
Non Currrent Assets Other	(1.1B)	(1.3B)	(1.2B)	(1.0B)	(901.7M)	(946.8M)
Other Assets	376.0K	1.3B	4.0M	4.7M	5.4M	5.6M
Cash And Short Term Investments	25.8M	20.4M	52.7M	134.4M	121.0M	127.0M
Net Receivables	6.4M	19.4M	35.5M	11.9M	13.7M	15.1M
Common Stock Shares Outstanding	70.7M	67.7M	67.0M	65.2M	75.0M	60.9M
Liabilities And Stockholders Equity	1.1B	1.3B	1.3B	1.2B	1.3B	1.2B
Non Current Liabilities Total	568.3M	607.3M	16.0M	516.8M	465.2M	441.9M
Other Stockholder Equity	787.6M	787.0M	748.2M	746.5M	858.4M	716.8M
Total Liab	588.6M	634.9M	732.9M	650.7M	748.3M	552.0M
Total Current Assets	32.2M	39.8M	88.2M	146.3M	131.7M	125.1M
Other Current Assets	(32.2M)	(39.8M)	(90.3M)	(50.7M)	(45.6M)	(43.3M)
Short Term Debt	83.8B	230.4B	145.5M	169.1M	152.2M	144.6M
Net Tangible Assets	525.7M	660.1M	585.6M	502.2M	452.0M	505.5M
Long Term Investments	1.1B	1.3B	1.2B	1.0B	901.7M	947.3M
Net Invested Capital	1.1B	1.3B	1.3B	1.0B	917.1M	942.0M
Current Deferred Revenue	(72.2B)	(83.8B)	(230.3B)	(42.5M)	(48.9M)	(51.3M)

Pair Trading with PennantPark Investment

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 Investment 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 Investment will appreciate offsetting losses from the drop in the long position's value.

Moving together with PennantPark Stock

0.86	BK	Bank of New York Financial Report 16th of July 2024	Pair Corr
0.65	TW	Tradeweb Markets	Pair Corr
0.87	DPCS	DP Cap Acquisition	Pair Corr

Moving against PennantPark Stock

0.71	AMK	AssetMark Financial	Pair Corr
0.59	NMR	Nomura Holdings ADR	Pair Corr

The ability to find closely correlated positions to PennantPark Investment 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 Investment 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 Investment - 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 Investment to buy it.

The correlation of PennantPark Investment 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 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennantPark Investment 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 Investment 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 Investment 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 Investment Stock. Highlighted below are key reports to facilitate an investment decision about Pennantpark Investment Stock:

How To Invest In PennantPark

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Is PennantPark Stock a good investment?

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What is PennantPark Investment's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennantPark Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy PennantPark Stock please use our How to Invest in PennantPark Investment guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for PennantPark Stock analysis

When running PennantPark Investment's price analysis, check to measure PennantPark Investment'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 Investment is operating at the current time. Most of PennantPark Investment's value examination focuses on studying past and present price action to predict the probability of PennantPark Investment'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 Investment's price. Additionally, you may evaluate how the addition of PennantPark Investment to your portfolios can decrease your overall portfolio volatility.

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Is PennantPark Investment'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 Investment. 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 Investment 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

2.347

Dividend Share

0.83

Earnings Share

0.92

Revenue Per Share

2.288

Quarterly Revenue Growth

(0.01)

The market value of PennantPark Investment 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 Investment's value that differs from its market value or its book value, called intrinsic value, which is PennantPark Investment'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 Investment's market value can be influenced by many factors that don't directly affect PennantPark Investment'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 Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennantPark Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennantPark Investment'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.

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PennantPark Long Term Debt vs Cash And Short Term Investments Analysis

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Cash And Short Term Investments

PennantPark Investment fundamental ratios Correlations

PennantPark Investment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PennantPark Investment fundamental ratios Accounts

Pair Trading with PennantPark Investment

Moving together with PennantPark Stock

Moving against PennantPark Stock

Complementary Tools for PennantPark Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.97	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total
Cash	+ 0.96	Accounts Payable
Cash And Short Term Investments	+ 0.96	Accounts Payable

Total Current Assets	- 1.0	Other Assets
Non Currrent Assets Other	- 0.95	Non Current Assets Total
Non Current Liabilities Total	- 0.94	Other Assets
Non Currrent Assets Other	- 0.9	Net Debt
Cash And Short Term Investments	- 0.9	Other Current Liab
Cash	- 0.9	Other Current Liab