Pangaea Logistics Solutions, Ltd. (PANL)

PANL Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	63.95	86.81	99.04	128.38	56.21	46.9
Cash & Short-Term Investments	63.95	86.81	99.04	128.38	56.21	46.9
Cash Growth	-33.30%	-12.35%	-22.86%	128.41%	19.86%	-7.23%
Accounts Receivable	47.92	42.37	47.89	36.76	54.26	29.15
Other Receivables	-	7.35	5.78	7.72	17.01	6.82
Receivables	47.92	49.72	53.67	44.48	71.27	35.98
Inventory	36.03	32.85	16.56	29.1	27.15	15.97
Prepaid Expenses	-	9.52	7.07	4.78	5.96	3.71
Restricted Cash	-	-	-	-	-	1.5
Other Current Assets	28.01	13.1	15.49	15.77	23.38	7.3
Total Current Assets	175.9	191.99	191.83	222.51	183.96	111.34
Property, Plant & Equipment	733.69	736.6	504.66	520.45	517.11	321.98
Long-Term Investments	-	3.75	3.81	5.28	3.96	1.69
Goodwill	3.1	3.1	3.1	-	-	-
Other Intangible Assets	-	1.01	1.78	-	-	-
Other Long-Term Assets	5.29	-	-	-	1.99	15.39
Total Assets	917.99	936.46	705.18	748.24	707.02	450.4
Accounts Payable	43.06	14.82	6.28	9.98	7.03	18.68
Accrued Expenses	-	32.57	29.56	28.57	39.58	11.22
Short-Term Debt	-	-	-	-	2.79	2.74
Current Portion of Long-Term Debt	41.97	41.84	49.73	15.78	15.44	57.38
Current Portion of Leases	2.84	2.84	2.99	16.37	14.48	6.98
Current Unearned Revenue	19.29	15.45	15.63	20.88	32.21	12.8
Other Current Liabilities	1.84	1.59	1.15	0.63	0.21	1.01
Total Current Liabilities	109	109.11	105.33	92.21	111.74	110.81
Long-Term Debt	332.11	342.25	198.48	98.82	105.84	44.51
Long-Term Leases	-	10.43	13.23	168.51	170.96	50.52
Other Long-Term Liabilities	9.73	-	17.94	19.97	17.81	10.14
Total Liabilities	450.84	461.79	334.98	379.52	406.34	215.97
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	260.19	258.66	164.85	162.89	161.53	159.58
Retained Earnings	160.6	169.16	159.03	151.33	85.66	23.18
Total Common Equity	420.8	427.82	323.89	314.23	247.2	182.77
Minority Interest	46.35	46.84	46.31	54.5	53.48	51.67
Shareholders' Equity	467.15	474.66	370.2	368.72	300.68	234.43
Total Liabilities & Equity	917.99	936.46	705.18	748.24	707.02	450.4
Total Debt	376.92	397.37	264.44	299.48	309.51	162.13
Net Cash (Debt)	-312.97	-310.57	-165.4	-171.1	-253.3	-115.23
Net Cash Per Share	-6.19	-6.74	-3.64	-3.80	-5.65	-2.63
Filing Date Shares Outstanding	65.62	65.63	46.72	46.48	45.73	45.62
Total Common Shares Outstanding	65.62	64.96	46.47	45.9	45.62	45.45
Working Capital	66.91	82.89	86.49	130.3	72.22	0.53
Book Value Per Share	6.41	6.59	6.97	6.85	5.42	4.02
Tangible Book Value	417.7	423.71	319	314.23	247.2	182.77
Tangible Book Value Per Share	6.37	6.52	6.87	6.85	5.42	4.02
Land	-	3	2.57	2.54	2.54	2.54
Machinery	-	856.78	598.71	582.83	569.63	359.25

Updated May 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q