PANL - NASDAQ

Pangaea Logistics Solutions, Ltd.

PANL·NASDAQ

$7.31

-7.5%

IndustrialsMarine Shipping

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$478.18M

EPS0.3000

P/E Ratio24.37

Earnings Date08/06/2026

928.10M

Assets

-1%

3Y+24.0%

5Y+106.0%

10Y+156.0%

453.36M

Total Liabilities

-2%

3Y+19.0%

5Y+110.0%

10Y+144.0%

474.74M

Total Equity

3Y+29.0%

5Y+103.0%

10Y+169.0%

Pangaea Logistics Solutions, Ltd. Funding & Solvency Profile

PANL · NASDAQ

Current Assets

Cash & Cash Equivalents103.05M

Net Receivables55.85M

Inventory28.39M

Other Current Assets28.48M

Total Current Assets216 M

Non-Current Assets

Property, Plant & Equipment704.38M

Goodwill & Intangible Assets3.10M

Long-Term Investments270.00K

Other Non-Current Assets4.56M

Total Non-Current Assets709 M

Total Assets

928.10M

Financial Health Analysis

Current Ratio

1.69x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.95x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

88 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

23% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

Pangaea Logistics Solutions, Ltd. Balance Sheet

PANL • NASDAQ

Pangaea Logistics Solutions, Ltd. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	103.1M	86.8M	99M	128.4M	56.2M	46.9M	50.6M	53.6M	34.5M	22.3M	37.5M	29.8M	485K	19.7M
Cash & Short-Term Investments	103.1M	86.8M	99M	128.4M	56.2M	46.9M	50.6M	53.6M	34.5M	22.3M	37.5M	29.8M	485K	19.7M
Net Receivables	55.9M	49.7M	53.7M	44.5M	71.3M	36M	28.3M	28.5M	21.1M	16M	19.6M	27.4M	44.7M	30M
Accounts Receivables	55.9M	42.4M	47.9M	36.8M	54.3M	29.2M	28.3M	28.5M	21.1M	16M	19.6M	27.4M	44.7M	29.6M
Other Receivables	0.0	7.4M	5.8M	7.7M	17M	6.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	418.9K
Inventory	28.4M	32.8M	16.6M	29.1M	27.1M	16M	21M	19.2M	15.4M	13.2M	7.5M	15.6M	21.1M	13.9M
Prepaids	0.0	12.9M	9.6M	8.3M	18M	8.7M	4.9M	1.3M	460.4K	1.8M	537.2K	427.9K	514.2K	1.1M
Other Current Assets	28.5M	9.8M	13M	12.3M	11.4M	3.8M	22.2M	10.9M	11.6M	9.1M	4.1M	11.7M	12.9M	1.5M
Total Current Assets	215.8M	192M	191.8M	222.5M	184M	111.3M	127M	113.5M	83M	68.5M	69.3M	84.9M	531.3K	74M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	704.4M	736.6M	504.7M	520.4M	519.1M	322M	335.1M	337.5M	336.3M	275.3M	255.1M	207.7M	197.2M	156.2M
Goodwill	3.1M	3.1M	3.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	0.0	1M	1.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	3.1M	4.1M	4.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	270K	3.8M	3.8M	5.3M	4M	17.1M	15.4M	2.5M	4M	18.4M	42.5M	38.5M	0.0	0.0
Other Non-Current Assets	4.6M	0.0	0.0	0.0	0.0	0.0	1.5M	2.5M	4M	6.1M	0.0	646.5K	3.3M	-156.2M
Total Non-Current Assets	712.3M	744.5M	513.4M	525.7M	523.1M	339.1M	352.9M	340M	340.3M	293.6M	297.7M	247.6M	98.5M	156.2M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	905.7K
Total Assets	928.1M	936.5M	705.2M	748.2M	707M	450.4M	479.9M	453.5M	423.3M	362.2M	367M	332.5M	99.1M	231.1M
LIABILITIES
CURRENT LIABILITIES
Total Payables	55.5M	49M	15.5M	19.9M	23.9M	22.2M	24.8M	24M	22.9M	28.1M	26.8M	46.4M	62.4M	20.5M
Accounts Payable	54.3M	47.8M	6.3M	10M	7M	18.7M	24.2M	19.9M	15.7M	15.4M	14.1M	33.5M	39.2M	20.5M
Other Payables	1.2M	1.2M	9.3M	10M	16.8M	3.5M	632K	4.1M	7.2M	12.6M	12.7M	12.8M	23.2M	0.0
Accrued Expenses	0.0	0.0	17.1M	12.7M	16.3M	11.2M	15.8M	8.8M	13.5M	7.8M	8.1M	6.7M	6.7M	0.0
Short Term Debt	46.9M	16.6M	30.8M	15.8M	15.7M	57.6M	23.3M	23M	26M	35.6M	32.8M	79.9M	26.7M	0.0
Capital Lease Obligations (Current)	0.0	28.1M	22M	16.4M	14.5M	7M	12.5M	5.4M	1.8M	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	24.9M	15.4M	15.6M	20.9M	32.2M	12.8M	14.4M	14.7M	5.8M	6.4M	4.4M	11.7M	-72.7M	0.0
Other Current Liabilities	806K	0.0	4.4M	6.5M	9.3M	0.0	0.0	3.2M	0.0	0.0	0.0	0.0	0.0	68.8M
Total Current Liabilities	128M	109.1M	105.3M	92.2M	111.7M	110.8M	90.9M	79M	70M	77.9M	72.2M	144.7M	20.1K	89.4M
NON-CURRENT LIABILITIES
Long Term Debt	316.9M	112.7M	68.4M	98.8M	105.8M	44.5M	83.6M	95.4M	117.6M	107.6M	129.5M	86.6M	100.6M	68.7M
Other Non-Current Liabilities	0.0	0.0	17.9M	20M	17.8M	10.1M	4.8M	0.0	0.0	0.0	0.0	0.0	103.2M	-68.7M
Total Non-Current Liabilities	325.3M	352.7M	229.6M	287.3M	294.6M	105.2M	146M	141.1M	142.6M	107.6M	129.5M	87.4M	20.1K	68.7M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-20.1K	0.0
Capital Lease Obligations	8.4M	268.1M	165.2M	184.9M	185.4M	57.5M	70M	51M	26.8M	0.0	0.0	0.0	0.0	0.0
Total Liabilities	453.4M	461.8M	335M	379.5M	406.3M	216M	236.8M	220.1M	212.6M	185.5M	201.6M	232.1M	20.1K	158M
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	99.2M	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	332.5B	103.2M	69.5M
Common Stock	7K	6.5K	4.6K	4.6K	4.6K	4.5K	4.5K	4.4K	4.4K	3.7K	3.7K	3.5K	93.5M	87.3K
Additional Paid-In Capital	257.1M	258.7M	164.9M	162.9M	161.5M	159.6M	157.5M	155.9M	154.9M	133.7M	133.1M	134M	86K	0.0
Retained Earnings	172.3M	169.2M	159M	151.3M	85.7M	23.2M	12.7M	5.7M	-9.6M	-17.4M	-24.9M	-36.1M	-65.6K	174.4K
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-73.1M	-61.3M	-49M	-34.9M	-332.5B	0.0	0.0
Other Total Stockholders' Equity	-1K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	332.5B	1.6M	197K
Total Stockholders' Equity	429.3M	427.8M	323.9M	314.2M	247.2M	182.8M	170.2M	161.7M	145.4M	116.3M	108.2M	97.8M	99M	69.9M
Total Equity	474.7M	474.7M	370.2M	368.7M	300.7M	234.4M	243.1M	233.4M	210.7M	176.7M	165.3M	100.3M	119.5M	73.1M
Minority Interest	45.4M	46.8M	46.3M	54.5M	53.5M	51.7M	72.8M	71.7M	65.3M	60.4M	57.1M	2.5M	20.5M	3.2M
SUMMARY
Total Liabilities & Equity	928.1M	936.5M	705.2M	748.2M	707M	450.4M	479.9M	453.5M	423.3M	362.2M	367M	332.5M	99.1M	0.0
Total Investments	270K	3.8M	3.8M	5.3M	4M	17.1M	15.4M	2.5M	4M	18.4M	42.5M	38.5M	0.0	0.0
Total Debt	372.2M	397.4M	264.4M	299.5M	307M	159.6M	177M	169.4M	170.4M	143.2M	162.3M	167.3M	127.3M	0.0
Net Debt	269.2M	310.6M	165.4M	171.1M	250.8M	112.7M	126.5M	115.8M	135.9M	120.9M	124.8M	137.5M	126.8M	-19.7M
Shares Outstanding	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911	65,241,911

SEC Filings

PANL - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 12, 2026	May 07, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 11, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 11, 2026	May 11, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	March 27, 2026	December 31, 2025	2025	View Filing
10-K 10-K 2025 FY FY	March 16, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 11, 2026	March 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 17, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 18, 2025	December 18, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 28, 2025	November 26, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 10, 2025	September 30, 2025	2025	View Filing

Showing 1 to 10 of 201 filings

Related Guides

Blog Categories

Continue your PANL research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.