PennantPark Investment Corporation (PNNT) Balance Sheet
PNNT balance sheet, FY2025
September 30, 2025 · U.S. dollars$1.35B assets = $885.6M liabilities + $463.9M equity
Both columns are drawn to the same scale: what PNNT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PNNT financial health
Descriptive bands, not a rating. Fiscal FY2025.
PNNT balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.24BFY2016 | $1.35BFY2025 | +1.0%/yr | |
| Total liabilities | $595.6MFY2016 | $885.6MFY2025 | +4.5%/yr | |
| Shareholders’ equity | $643.4MFY2016 | $463.9MFY2025 | −3.6%/yr | |
| Cash & short-term investments | $75.6MFY2016 | $51.8MFY2025 | −4.1%/yr | |
| Total debt | $327.35BFY2016 | $738.9MFY2025 | −49.2%/yr | |
| Net cash (debt) | −$327.28BFY2016 | −$687.1MFY2025 | +$326.6B | |
| Working capital | −$244.15BFY2016 | −$94.9MFY2025 | +$244.1B | |
| Book value per share | $8.98FY2016 | $7.11FY2025 | −2.6%/yr | |
| Current ratio | 0.25FY2016 | 0.35FY2025 | +0.10 | |
| Debt / equity | 508.81FY2016 | 1.59FY2025 | −507.22 | |
| Shares outstanding | 71.6MFY2016 | 65.3MFY2025 | −1.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PNNT assets
PNNT liabilities and equity
PNNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PNNT balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $51.8M | $49.9M | $38.8M | $54.8M | $20.4M | $25.8M | $59.5M | $19.5M | $38.2M | $75.6M |
| Cash & equivalents | $51.8M | $49.9M | $38.8M | $54.8M | $20.4M | $25.8M | $59.5M | $19.5M | $38.2M | $75.6M |
| Short-term investments | — | — | −$99.8M | $730.1M | — | — | — | — | $1.15T | $1.15T |
| Receivables | $10.1M | $10.9M | $11.9M | $35.5M | $19.4M | $6.4M | $6.2M | $7.6M | $5.9M | $7.0M |
| Inventory | $0 | $0 | −$5.1M | $90.3M | $1 | $1 | $59.45B | −$1.16B | $42.86B | $1 |
| Other current assets | $0 | $269,000 | $9.7M | $0 | $0 | $376,031 | $0 | $1.16B | $1.20B | $82.56B |
| Total current assets | $51.8M | $61.0M | $55.3M | $94.3M | $39.8M | $32.6M | $65.7M | $27.1M | $44.11B | $82.64B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.29B | $1.33B | $1.00B | $1.23B | $1.26B | $1.08B | $1.22B | $1.13B | $1.15B | $1.15B |
| Other non-current assets | $10.5M | $0 | $99.8M | $0 | $166 | $0 | $662,442 | $920,235 | $0 | $0 |
| Total assets | $1.35B | $1.39B | $1.16B | $1.32B | $1.30B | $1.11B | $1.29B | $1.16B | $1.20B | $1.24B |
| Liabilities | ||||||||||
| Accounts payable | $140.6M | $115.8M | $95.4M | $22.7M | $21.4M | $15.5M | $15.0M | $19.0M | $20.7M | $27.4M |
| Short-term debt | $149.5M | $148.6M | $169.1M | $145.5M | $230.37B | $83.84B | $72.26B | $251.32B | $255.66B | $326.79B |
| Deferred revenue | — | — | −$42.5M | — | −$230.35B | −$83.82B | −$72.24B | −$251.30B | — | — |
| Total current liabilities | $146.7M | $115.8M | $106.7M | $22.7M | $21.4M | $15.5M | $15.0M | $19.0M | $255.66B | $326.79B |
| Long-term debt | $0 | $0 | $0 | $308.1M | $0 | $0 | $683.8M | $504.3M | $526.1M | $559.6M |
| Other long-term liabilities | $738.9M | $779.4M | $516.8M | $404.2M | $613.6M | $573.1M | $0 | $0 | $299.20B | $268.22B |
| Total liabilities | $885.6M | $895.2M | $654.8M | $735.1M | $634.9M | $588.6M | $703.9M | $531.2M | $555.4M | $595.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $65,000 | $65,000 | $65,000 | $65,000 | $67,000 | $67,045 | $67,045 | $69,054 | $71,061 | $71,061 |
| Retained earnings (deficit) | −$276.6M | −$250.1M | −$244.3M | −$162.7M | −$126.9M | −$262.0M | −$206.4M | $6.0M | $3.3M | $3.1M |
| Accumulated other comprehensive income | — | — | $502.2M | $0 | $0 | $0 | $0 | −$175.0M | −$113.0M | −$82.0M |
| Total shareholders' equity | $463.9M | $493.9M | $502.2M | $585.6M | $660.1M | $525.7M | $581.9M | $628.9M | $646.8M | $643.4M |
| Key figures | ||||||||||
| Total debt | $738.9M | $772.0M | $516.8M | $704.5M | $607.3M | $568.3M | $72.94B | $251.83B | $256.19B | $327.35B |
| Net cash (debt) | −$687.1M | −$722.2M | −$478.1M | −$649.7M | −$587.0M | −$542.5M | −$72.88B | −$251.81B | −$256.15B | −$327.28B |
| Working capital | −$94.9M | −$54.7M | −$51.4M | $71.6M | $18.4M | $17.1M | $50.8M | $8.1M | −$211.56B | −$244.15B |
| Tangible book value | $463.9M | $493.9M | $502.2M | $585.6M | $660.1M | $525.7M | $581.9M | $628.9M | $646.8M | $643.4M |
| Book value per share | $7.11 | $7.57 | $7.70 | $8.98 | $9.85 | $7.84 | $8.59 | $8.90 | $9.10 | $8.98 |
| Shares outstanding | 65.3M | 65.2M | 65.2M | 65.2M | 67.0M | 67.0M | 67.7M | 70.7M | 71.1M | 71.6M |
| Current ratio | 0.35 | 0.53 | 0.52 | 4.16 | 1.86 | 2.10 | 4.39 | 1.43 | 0.17 | 0.25 |
| Quick ratio | 0.42 | 0.52 | 0.47 | 3.98 | 1.86 | 2.07 | 4.39 | 1.43 | 0.00 | 0.00 |
| Debt / equity | 1.59 | 1.56 | 1.03 | 1.20 | 0.92 | 1.08 | 125.35 | 400.42 | 396.08 | 508.81 |
| Equity / assets | 34.4% | 35.6% | 43.4% | 44.3% | 51.0% | 47.2% | 45.3% | 54.2% | 53.8% | 51.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $39.3M | $15.07B | $45.9M | $51.8M | $70.5M | $32.6M | $55.9M | $49.9M | $59.2M | $35.4M | $36.9M | $38.8M |
| Cash & equivalents | $39.3M | $15.07B | $45.9M | $51.8M | $70.5M | $32.6M | $55.9M | $49.9M | $59.2M | $35.4M | $36.9M | $38.8M |
| Short-term investments | — | — | — | — | — | — | −$56.8M | — | — | — | — | — |
| Receivables | $29.7M | $4.66B | $28.8M | $10.1M | $10.5M | $11.4M | $58.0M | $10.9M | $13.7M | $14.8M | $15.4M | $11.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $1 | −$5.1M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $185,000 | $214,000 | $269,000 | $0 | $2.8M | $4.1M | $9.7M |
| Total current assets | $68.9M | $19.73B | $45.9M | $51.8M | $70.5M | $44.2M | $114.0M | $61.0M | $72.8M | $53.0M | $56.5M | $55.3M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.19B | $1.20B | $1.22B | $1.29B | $1.17B | $1.21B | $1.30B | $1.33B | $1.26B | $1.24B | $1.21B | $1.00B |
| Other non-current assets | $891,000 | $1.24T | $29.2M | $10.5M | $10.7M | $0 | $0 | $0 | $0 | $0 | $0 | $99.8M |
| Total assets | $1.26B | $1.26T | $1.29B | $1.35B | $1.25B | $1.26B | $1.41B | $1.39B | $1.33B | $1.29B | $1.27B | $1.16B |
| Liabilities | ||||||||||||
| Accounts payable | $281.6M | $226.0M | $223.1M | $140.6M | $136.6M | $139.3M | $138.6M | $115.8M | $76.1M | $78.9M | $56.2M | $106.7M |
| Short-term debt | $73.6M | $223.40B | $149.7M | — | $149.2M | $149.0M | $231.1M | $148.6M | $191.5M | $148.1M | $147.9M | $169.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$191.5M | — | — | −$42.5M |
| Total current liabilities | $73.6M | $223.40B | $227.0M | $146.7M | $143.0M | $139.3M | $138.6M | $115.8M | $76.1M | $78.9M | $147.9M | $138.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $834.9M | $595.43B | $609.3M | $738.9M | $629.4M | $630.4M | $779.1M | $779.4M | $765.4M | $710.8M | $620.2M | $516.8M |
| Total liabilities | $834.9M | $818.83B | $836.3M | $885.6M | $772.3M | $769.7M | $917.8M | $895.2M | $841.5M | $789.7M | $768.1M | $654.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $65,000 | $65.0M | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 |
| Retained earnings (deficit) | −$312.5M | −$301.34B | −$283.3M | −$276.6M | −$263.4M | −$255.9M | −$249.7M | −$250.1M | −$255.6M | −$245.0M | −$247.4M | −$244.3M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | — | — | — |
| Total shareholders' equity | $428.0M | $439.23B | $457.2M | $463.9M | $480.6M | $488.1M | $494.3M | $493.9M | $491.2M | $501.5M | $499.1M | $502.2M |
| Key figures | ||||||||||||
| Total debt | $547.9M | $223.40B | $609.3M | $738.9M | $629.4M | $623.9M | $772.1M | $772.0M | $757.8M | $703.3M | $695.4M | $516.8M |
| Net cash (debt) | −$508.7M | −$208.32B | −$563.4M | −$687.1M | −$558.8M | −$591.4M | −$716.3M | −$722.2M | −$698.6M | −$667.9M | −$658.5M | −$478.1M |
| Working capital | −$4.7M | −$203.67B | −$181.1M | −$94.9M | −$72.4M | −$95.1M | −$24.6M | −$54.7M | −$3.3M | −$25.9M | −$91.4M | −$82.6M |
| Tangible book value | $428.0M | $439.23B | $457.2M | $463.9M | $480.6M | $488.1M | $494.3M | $493.9M | $491.2M | $501.5M | $499.1M | $502.2M |
| Book value per share | $6.69 | $6,866.86 | $7.15 | $7.11 | $7.36 | $7.48 | $7.57 | $7.55 | $7.53 | $7.69 | $7.65 | $7.70 |
| Shares outstanding | 64.0M | 64.0M | 64.0M | 65.3M | 65.3M | 65.3M | 65.3M | 65.4M | 65.2M | 65.2M | 65.2M | 65.2M |
| Current ratio | 0.94 | 0.09 | 0.20 | 0.35 | 0.49 | 0.32 | 0.82 | 0.53 | 0.96 | 0.67 | 0.38 | 0.40 |
| Quick ratio | 0.94 | 0.09 | 0.33 | 0.42 | 0.57 | 0.32 | 0.82 | 0.52 | 0.96 | 0.64 | 0.35 | 0.37 |
| Debt / equity | 1.28 | 0.51 | 1.33 | 1.59 | 1.31 | 1.28 | 1.56 | 1.56 | 1.54 | 1.40 | 1.39 | 1.03 |
| Equity / assets | 33.9% | 34.9% | 35.3% | 34.4% | 38.4% | 38.8% | 35.0% | 35.6% | 36.9% | 38.8% | 39.4% | 43.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 24, 2025); data from EODHD.
PNNT financial position
At the end of fiscal 2025 (September 30, 2025), PennantPark Investment had total assets of $1.3 billion (down 2.8% from a year earlier), total liabilities of $885.6 million and shareholders' equity of $463.9 million. It held $51.8 million in cash and short-term investments against $738.9 million of debt, net debt of $687.1 million. Its current ratio was 0.35. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity $428.0 million.
Related: PNNT income statement, PNNT cash flow statement, PNNT key metrics. See the PNNT stock overview for the latest quote and news.
PNNT balance sheet FAQ
What are PennantPark Investment's total assets?
PennantPark Investment reported total assets of $1.3 billion at the end of fiscal 2025 (September 30, 2025), compared with $1.4 billion a year earlier.
How much debt does PennantPark Investment have?
PennantPark Investment had $738.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.59.
How much cash does PennantPark Investment have?
PennantPark Investment held $51.8 million in cash and short-term investments at the end of fiscal 2025; with $738.9 million of debt that is net debt of $687.1 million.
What is PennantPark Investment's book value?
PennantPark Investment's shareholders' equity (book value) was $463.9 million at the end of fiscal 2025, or $7.11 per share.
What is PennantPark Investment's current ratio?
PennantPark Investment had current assets of $51.8 million and current liabilities of $146.7 million, a current ratio of 0.35 (current liabilities exceed current assets).