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
Pangaea Logistics Solutions (NASDAQ:PANL) Is Paying Out A Dividend Of $0.10
Nov 22
Pangaea Logistics Solutions, Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Nov 15Pangaea Logistics Solutions (NASDAQ:PANL) Has Affirmed Its Dividend Of $0.10
Aug 15Shareholders May Not Be So Generous With Pangaea Logistics Solutions, Ltd.'s (NASDAQ:PANL) CEO Compensation And Here's Why
Aug 01Pangaea Logistics Solutions: Downgrading On Valuation And Mediocre Q2 Outlook - Hold
Jun 01Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Analysts Just Trimmed Their Revenue Forecasts By 12%
May 14There May Be Some Bright Spots In Pangaea Logistics Solutions' (NASDAQ:PANL) Earnings
Mar 21Pangaea 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 15Financial Position Analysis
Short Term Liabilities: PANL's short term assets ($196.2M) exceed its short term liabilities ($95.9M).
Long Term Liabilities: PANL's short term assets ($196.2M) do not cover its long term liabilities ($274.4M).
Debt to Equity History and Analysis
Debt Level: PANL's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: PANL's debt to equity ratio has reduced from 46% to 35.3% over the past 5 years.
Debt Coverage: PANL's debt is well covered by operating cash flow (52.6%).
Interest Coverage: PANL's interest payments on its debt are well covered by EBIT (3.5x coverage).