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
There May Be Some Bright Spots In Pangaea Logistics Solutions' (NASDAQ:PANL) Earnings
Mar 21
Pangaea Logistics Solutions' (NASDAQ:PANL) Dividend Will Be $0.10
Feb 21Pangaea Logistics Solutions (NASDAQ:PANL) Has More To Do To Multiply In Value Going Forward
Feb 06Not Many Are Piling Into Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Just Yet
Jan 19Pangaea Logistics Solutions (NASDAQ:PANL) Is Due To Pay A Dividend Of $0.10
Nov 26Pangaea Logistics Solutions (NASDAQ:PANL) Is Paying Out A Dividend Of $0.10
Nov 12Calculating The Intrinsic Value Of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)
Jun 22News Flash: 3 Analysts Think Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Earnings Are Under Threat
May 15Pangaea Logistics Solutions (NASDAQ:PANL) Has Announced That It Will Be Increasing Its Dividend To $0.10
Nov 29Pangaea Logistics Solutions: Cheap Dry Bulk Shipper With Differentiated Business Approach
Oct 05Pangaea Logistics goes ex-dividend tomorrow
Aug 30Pangaea Logistics Solutions buys dry bulk vessel for $17.1M
Aug 23Pangaea Logistics: Decent Business Model, But Macro Headwinds Ahead
Aug 17Pangaea Logistics Solutions' (NASDAQ:PANL) Returns On Capital Are Heading Higher
Aug 11Pangaea Logistics rises 9% after Non-GAAP EPS of $0.64 beats by $0.21, revenue of $195.5M beats by $8.71M
Aug 09Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Shares Could Be 22% Below Their Intrinsic Value Estimate
Jul 15Pangaea Logistics Solutions: A Case Of Trading Below Book Value
May 17I Ran A Stock Scan For Earnings Growth And Pangaea Logistics Solutions (NASDAQ:PANL) Passed With Ease
Apr 19Pangaea Logistics Solutions (NASDAQ:PANL) Is Looking To Continue Growing Its Returns On Capital
Apr 05We Like These Underlying Return On Capital Trends At Pangaea Logistics Solutions (NASDAQ:PANL)
Nov 19Pangaea Logistics: Full Steam Ahead With The Wind At Your Back
Sep 04Financial Position Analysis
Short Term Liabilities: PANL's short term assets ($191.8M) exceed its short term liabilities ($105.3M).
Long Term Liabilities: PANL's short term assets ($191.8M) do not cover its long term liabilities ($229.6M).
Debt to Equity History and Analysis
Debt Level: PANL's net debt to equity ratio (0.04%) is considered satisfactory.
Reducing Debt: PANL's debt to equity ratio has reduced from 50.7% to 26.8% over the past 5 years.
Debt Coverage: PANL's debt is well covered by operating cash flow (54.2%).
Interest Coverage: PANL's interest payments on its debt are well covered by EBIT (3.4x coverage).