Portman Ridge Finance Corporation

Portman Ridge Finance Corporationverified

PTMN

Price:

$18.4769

Market Cap:

$170.80M

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sector...[Read more]

Industry

Asset Management

IPO Date

2006-12-12

Stock Exchange

NASDAQ

Ticker

PTMN

The Current Ratio as of September 2024 (TTM) for Portman Ridge Finance Corporation (PTMN) is 2.31

According to Portman Ridge Finance Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.31. This represents a change of -4.97% compared to the average of 2.43 of the last 4 quarters.

Portman Ridge Finance Corporation (PTMN) Historical Current Ratio (quarterly & annually)

How has PTMN Current Ratio performed in the past?

The mean historical Current Ratio of Portman Ridge Finance Corporation over the last ten years is 284.44K. The current 2.31 Current Ratio has changed -99.92% with respect to the historical average. Over the past ten years (40 quarters), PTMN's Current Ratio was at its highest in in the December 2019 quarter at 2.85M. The Current Ratio was at its lowest in in the March 2015 quarter at 0.10.

Quarterly (TTM)
Annual

Average

284.44K

Median

14.82

Minimum

0.09

Maximum

2.20M

Portman Ridge Finance Corporation (PTMN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Portman Ridge Finance Corporation 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 = 229.47%

Maximum Annual Current Ratio = 2.20M

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.69-96.56%
2022107.302.28%
20214.51-63.39%
202012.31-28.97%
201917.335.91%
20180.29-100.00%
20172.20M919.99%
2016215.53K229.47%
20150.09-100.00%
2014430.40K55.06%

Portman Ridge Finance Corporation (PTMN) Average Current Ratio

How has PTMN Current Ratio performed in the past?

The current Current Ratio of Portman Ridge Finance Corporation (PTMN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

38.50

5-year avg

29.02

10-year avg

284.44K

Portman Ridge Finance Corporation (PTMN) Current Ratio vs. Peers

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

Portman Ridge Finance Corporation’s Current Ratio is greater than Logan Ridge Finance Corporation (0.56), less than Puyi Inc. (7.66), less than MFS Investment Grade Municipal Trust (3.11), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than WhiteHorse Finance, Inc. (2.15), less than Monroe Capital Corporation (3.38), greater than Fidus Investment Corporation (1.97), less than Diamond Hill Investment Group, Inc. (2.38), greater than Virtus Convertible & Income Fund (0.19), greater than BlackRock MuniVest Fund, Inc. (1.56), less than MFS High Income Municipal Trust (4.29), greater than Nuveen Senior Income Fund (1.46), greater than Franklin Limited Duration Income Trust (0), less than RiverNorth Flexible Municipal Income Fund, Inc. (0), greater than DWS Municipal Income Trust (0), greater than null (2.16),

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