Pangaea Logistics Solutions Balance Sheet
NASDAQ: PANLConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pangaea Logistics Solutions financial position
At the end of fiscal 2025, Pangaea Logistics Solutions reported total assets of $928.1 million, down 0.9% from a year earlier against total liabilities of $453.4 million. Shareholders' equity stood at $429.3 million, or 46.3% of assets. The company held $103.1 million in cash and equivalents against $97.2 million of debt, a net cash position of $5.9 million.
The current ratio (current assets divided by current liabilities) was 1.69, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.23.
Summary generated from market data by MetaCap's automated system. Methodology
Pangaea Logistics Solutions balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 103.05M | 86.81M | 99.04M | 128.38M | 56.21M | 46.90M | 50.56M | 53.61M | 34.53M | 22.32M |
| Receivables | 55.85M | 42.37M | 47.89M | 36.76M | 54.26M | 29.15M | 28.31M | 28.48M | 21.09M | 15.99M |
| Inventory | 28.39M | 32.85M | 16.56M | 29.10M | 27.15M | 15.97M | 21.00M | 19.22M | 15.36M | 13.20M |
| Total Current Assets | 215.78M | 191.99M | 191.83M | 222.51M | 183.96M | 111.34M | 127.96M | 113.51M | 83.01M | 62.44M |
| Property, Plant & Equipment | 677.52M | 707.83M | 474.27M | 476.52M | 471.91M | 276.74M | 281.47M | 281.89M | 306.29M | 275.27M |
| Goodwill | 3.10M | 3.10M | 3.10M | 0 | — | — | — | — | — | — |
| Intangible Assets | 1.68M | 1.24M | — | — | — | — | — | — | — | — |
| Total Assets | 928.10M | 936.46M | 705.18M | 748.24M | 707.02M | 450.40M | 479.90M | 453.47M | 423.30M | 362.19M |
| Accounts Payable | 14.33M | 14.82M | 6.28M | 9.98M | 7.03M | 18.68M | 24.17M | 19.89M | 15.69M | 15.44M |
| Short-Term Debt | — | — | 30.75M | 15.78M | 15.44M | 57.38M | 22.99M | 20.13M | 18.98M | — |
| Total Current Liabilities | 128.03M | 109.11M | 105.33M | 92.21M | 111.74M | 110.81M | 90.85M | 79.05M | 70.01M | 77.88M |
| Long-Term Debt | 97.16M | 257.18M | 68.45M | 98.82M | 105.84M | 47.76M | 83.65M | 95.37M | 117.62M | 128.79M |
| Total Liabilities | 453.36M | 461.79M | 334.98M | 379.52M | 406.34M | 215.97M | 236.83M | 220.11M | 212.64M | 185.52M |
| Shareholders' Equity | 429.33M | 427.82M | 323.89M | 314.23M | 247.20M | 182.77M | 170.25M | 161.69M | 145.35M | 116.27M |
| Retained Earnings | 172.25M | 169.16M | 159.03M | 151.33M | 85.66M | 23.18M | 12.74M | 5.74M | -9.60M | -17.41M |
| Total Debt | 97.16M | 257.18M | 99.20M | 114.60M | 121.28M | 105.14M | 106.64M | 115.50M | 136.59M | 128.79M |
| Net Cash (Debt) | 5.90M | -170.38M | -160.17K | 13.78M | -65.07M | -58.25M | -56.09M | -61.89M | -102.06M | -106.47M |
| Shares Outstanding | 64.97M | 64.96M | 46.47M | 45.90M | 45.62M | 45.45M | 44.89M | 44.00M | 43.79M | 36.59M |
This table shows 10 annual periods of Pangaea Logistics Solutions's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow PANL's reporting calendar. What is a balance sheet?