Pangaea Logistics Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Pangaea Logistics Solutions has a total shareholder equity of $370.2M and total debt of $99.2M, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are $705.2M and $335.0M respectively. Pangaea Logistics Solutions's EBIT is $46.4M making its interest coverage ratio 3.4. It has cash and short-term investments of $99.0M.
Key information
26.8%
Debt to equity ratio
US$99.20m
Debt
Interest coverage ratio | 3.4x |
Cash | US$99.04m |
Equity | US$370.20m |
Total liabilities | US$334.98m |
Total assets | US$705.18m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGA's short term assets ($191.8M) exceed its short term liabilities ($105.3M).
Long Term Liabilities: PGA's short term assets ($191.8M) do not cover its long term liabilities ($229.6M).
Debt to Equity History and Analysis
Debt Level: PGA's net debt to equity ratio (0.04%) is considered satisfactory.
Reducing Debt: PGA's debt to equity ratio has reduced from 50.7% to 26.8% over the past 5 years.
Debt Coverage: PGA's debt is well covered by operating cash flow (54.2%).
Interest Coverage: PGA's interest payments on its debt are well covered by EBIT (3.4x coverage).