| PFLT Stock | | | USD 11.07 0.01 0.09% |
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 Total Assets and its Accounts Payable 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.
Total Assets vs Accounts Payable
Total Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PennantPark Floating Rate Total Assets account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between PennantPark Floating's Total Assets and Accounts Payable is 0.42. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable 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 Total Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of PennantPark Floating Rate are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Assets i.e., PennantPark Floating's Total Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of PennantPark Floating assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in PennantPark Floating Rate books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Accounts Payable
An accounting item on the balance sheet that represents PennantPark Floating obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of PennantPark Floating Rate are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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.
Issuance Of Capital Stock is likely to gain to about 196.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 3.4
M in 2024.
PennantPark Floating fundamental ratios Correlations
Click cells to compare fundamentals
PennantPark Floating Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PennantPark Floating fundamental ratios Accounts
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Additional Tools for PennantPark Stock Analysis
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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.