Pioneer Floating Rate Fund, Inc.

Pioneer Floating Rate Fund, Inc.verified

PHD

Price:

$10

Market Cap:

$123.75M

Pioneer Floating Rate Fund, Inc. is closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the Barclays U.S. High Yield Loans Index. Pioneer Floating Rate Fund, Inc. was formed on October 6, 2004 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

2004-12-23

Stock Exchange

NYSE

Ticker

PHD

The Current Ratio as of September 2024 (TTM) for Pioneer Floating Rate Fund, Inc. (PHD) is 1.14

According to Pioneer Floating Rate Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.14. This represents a change of 147.00% compared to the average of 0.46 of the last 4 quarters.

Pioneer Floating Rate Fund, Inc. (PHD) Historical Current Ratio (quarterly & annually)

How has PHD Current Ratio performed in the past?

The mean historical Current Ratio of Pioneer Floating Rate Fund, Inc. over the last ten years is 1.08. The current 1.14 Current Ratio has changed 10.49% with respect to the historical average. Over the past ten years (40 quarters), PHD's Current Ratio was at its highest in in the November 2020 quarter at 6.70. The Current Ratio was at its lowest in in the August 2016 quarter at 0.04.

Quarterly (TTM)
Annual

Average

1.08

Median

0.42

Minimum

0.04

Maximum

6.70

Pioneer Floating Rate Fund, Inc. (PHD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Pioneer Floating Rate Fund, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.70%

Maximum Annual Current Ratio = 6.70

Minimum Annual Increase = -98.01%

Minimum Annual Current Ratio = 0.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.1433.49%
20220.8649.92%
20210.57-91.49%
20206.701.70%
20190.37-19.45%
20180.4662.74%
20170.28537.20%
20160.04-73.20%
20150.17-8.12%
20140.18-98.01%

Pioneer Floating Rate Fund, Inc. (PHD) Average Current Ratio

How has PHD Current Ratio performed in the past?

The current Current Ratio of Pioneer Floating Rate Fund, Inc. (PHD) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

0.86

5-year avg

1.93

10-year avg

1.08

Pioneer Floating Rate Fund, Inc. (PHD) Current Ratio vs. Peers

How is PHD’s Current Ratio compared to its peers?

Pioneer Floating Rate Fund, Inc.’s Current Ratio is greater than BlackRock Floating Rate Income Strategies Fund, Inc. (0), greater than Eaton Vance Senior Floating-Rate Trust (0.10), greater than Eaton Vance Senior Income Trust (0), greater than BlackRock Debt Strategies Fund, Inc. (0.07), greater than Western Asset Investment Grade Defined Opportunity Trust Inc. (0), greater than The Gabelli Equity Trust Inc. PFD-G (0), less than Pioneer Municipal High Income Advantage Fund, Inc. (4.77), greater than Nuveen Global High Income Fund (0), greater than Nuveen Floating Rate Income Opportunity Fund (0.99), greater than Nuveen Floating Rate Income Fund (0.64), greater than BlackRock Municipal Income Fund, Inc. (0.03), less than Apollo Senior Floating Rate Fund Inc. (6.08), less than Nuveen Senior Income Fund (1.46), greater than BlackRock Floating Rate Income Trust (0.99), greater than Blackstone / GSO Long-Short Credit Income Fund (0), greater than First Trust Senior Floating Rate Income Fund II (0.40),

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