PennantPark Effective Tax Rate from 2010 to 2024

PFLT Stock  USD 11.16  0.09  0.81%   
PennantPark Floating Effective Tax Rate yearly trend continues to be comparatively stable with very little volatility. Effective Tax Rate will likely drop to 0.01 in 2024. From the period from 2010 to 2024, PennantPark Floating Effective Tax Rate quarterly data regression had r-value of  0.12 and coefficient of variation of  264.57. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
0.01165494
Current Value
0.0111
Quarterly Volatility
0.51493515
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check PennantPark Floating financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PennantPark Floating's main balance sheet or income statement drivers, such as Interest Expense of 57.6 M, Selling General Administrative of 1.4 M or Total Revenue of 115.8 M, as well as many indicators such as Price To Sales Ratio of 9.55, Dividend Yield of 1.0E-4 or PTB Ratio of 0.66. PennantPark financial statements analysis is a perfect complement when working with PennantPark Floating Valuation or Volatility modules.
  
Check out the analysis of PennantPark Floating Correlation against competitors.

Latest PennantPark Floating's Effective Tax Rate Growth Pattern

Below is the plot of the Effective Tax Rate of PennantPark Floating Rate over the last few years. Effective Tax Rate is the average rate at which PennantPark Floating Rate pre-tax profits are taxed by the government. The effective tax rate is computed by dividing PennantPark Floating total tax expenses by PennantPark Floating earnings before taxes. It is PennantPark Floating's Effective Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in PennantPark Floating's overall financial position and show how it may be relating to other accounts over time.
Effective Tax Rate10 Years Trend
Pretty Stable
   Effective Tax Rate   
       Timeline  

PennantPark Effective Tax Rate Regression Statistics

Arithmetic Mean0.19
Geometric Mean0.03
Coefficient Of Variation264.57
Mean Deviation0.29
Median0.02
Standard Deviation0.51
Sample Variance0.27
Range1.9709
R-Value0.12
Mean Square Error0.28
R-Squared0.02
Significance0.66
Slope0.01
Total Sum of Squares3.71

PennantPark Effective Tax Rate History

2024 0.0111
2023 0.0117
2022 0.0245
2021 0.59
2020 0.007028
2019 0.0213
2018 1.97

About PennantPark Floating Financial Statements

PennantPark Floating shareholders use historical fundamental indicators, such as Effective Tax Rate, to determine how well the company is positioned to perform in the future. Although PennantPark Floating investors may analyze each financial statement separately, they are all interrelated. The changes in PennantPark Floating's assets and liabilities, for example, are also reflected in the revenues and expenses on on PennantPark Floating's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Effective Tax Rate 0.01  0.01 

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Additional Tools for PennantPark Stock Analysis

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