Pangaea Logistics Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Pangaea Logistics Solutions has a total shareholder equity of $378.8M and total debt of $133.6M, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are $749.2M and $370.4M respectively. Pangaea Logistics Solutions's EBIT is $44.8M making its interest coverage ratio 3.5. It has cash and short-term investments of $93.1M.
Key information
35.3%
Debt to equity ratio
US$133.55m
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$93.12m |
| Equity | US$378.81m |
| Total liabilities | US$370.35m |
| Total assets | US$749.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGA's short term assets ($196.2M) exceed its short term liabilities ($95.9M).
Long Term Liabilities: PGA's short term assets ($196.2M) do not cover its long term liabilities ($274.4M).
Debt to Equity History and Analysis
Debt Level: PGA's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: PGA's debt to equity ratio has reduced from 46% to 35.3% over the past 5 years.
Debt Coverage: PGA's debt is well covered by operating cash flow (52.6%).
Interest Coverage: PGA's interest payments on its debt are well covered by EBIT (3.5x coverage).