GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PennantPark Floating Rate Capital Ltd (FRA:22P) » Definitions » Debt-to-EBITDA

PennantPark Floating Rate Capital (FRA:22P) Debt-to-EBITDA


View and export this data going back to 2014. Start your Free Trial

What is PennantPark Floating Rate Capital Debt-to-EBITDA?

Debt-to-EBITDA does not apply to banks.


PennantPark Floating Rate Capital (FRA:22P) Business Description

Traded in Other Exchanges
Address
1691 Michigan Avenue, Miami, FL, USA, 33139
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.