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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	59.25	86.81	99.04	128.38	56.21	46.9
Cash & Short-Term Investments	59.25	86.81	99.04	128.38	56.21	46.9
Cash Growth	-23.98%	-12.35%	-22.86%	128.41%	19.86%	-7.23%
Accounts Receivable	49.33	42.37	47.89	36.76	54.26	29.15
Other Receivables	13.36	7.35	5.78	7.72	17.01	6.82
Receivables	62.69	49.72	53.67	44.48	71.27	35.98
Inventory	38.58	32.85	16.56	29.1	27.15	15.97
Prepaid Expenses	7.11	9.52	7.07	4.78	5.96	3.71
Restricted Cash	-	-	-	-	-	1.5
Other Current Assets	16.38	13.1	15.49	15.77	23.38	7.3
Total Current Assets	184.01	191.99	191.83	222.51	183.96	111.34
Property, Plant & Equipment	722.32	736.6	504.66	520.45	517.11	321.98
Long-Term Investments	5.79	3.75	3.81	5.28	3.96	1.69
Goodwill	3.1	3.1	3.1	-	-	-
Other Intangible Assets	0.78	1.01	1.78	-	-	-
Other Long-Term Assets	-	-	-	-	1.99	15.39
Total Assets	916	936.46	705.18	748.24	707.02	450.4
Accounts Payable	18.11	14.82	6.28	9.98	7.03	18.68
Accrued Expenses	43.3	32.57	29.56	28.57	39.58	11.22
Short-Term Debt	-	-	-	-	2.79	2.74
Current Portion of Long-Term Debt	42.09	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	18.49	15.45	15.63	20.88	32.21	12.8
Other Current Liabilities	1.18	1.59	1.15	0.63	0.21	1.01
Total Current Liabilities	126.01	109.11	105.33	92.21	111.74	110.81
Long-Term Debt	321.82	342.25	198.48	98.82	105.84	44.51
Long-Term Leases	9.03	10.43	13.23	168.51	170.96	50.52
Other Long-Term Liabilities	-	-	17.94	19.97	17.81	10.14
Total Liabilities	456.87	461.79	334.98	379.52	406.34	215.97
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	259.73	258.66	164.85	162.89	161.53	159.58
Retained Earnings	154.61	169.16	159.03	151.33	85.66	23.18
Total Common Equity	414.35	427.82	323.89	314.23	247.2	182.77
Minority Interest	44.78	46.84	46.31	54.5	53.48	51.67
Shareholders' Equity	459.13	474.66	370.2	368.72	300.68	234.43
Total Liabilities & Equity	916	936.46	705.18	748.24	707.02	450.4
Total Debt	375.79	397.37	264.44	299.48	309.51	162.13
Net Cash (Debt)	-316.54	-310.57	-165.4	-171.1	-253.3	-115.23
Net Cash Per Share	-5.75	-6.74	-3.64	-3.80	-5.65	-2.63
Filing Date Shares Outstanding	65.24	65.63	46.72	46.48	45.73	45.62
Total Common Shares Outstanding	65.38	64.96	46.47	45.9	45.62	45.45
Working Capital	58	82.89	86.49	130.3	72.22	0.53
Book Value Per Share	6.34	6.59	6.97	6.85	5.42	4.02
Tangible Book Value	410.47	423.71	319	314.23	247.2	182.77
Tangible Book Value Per Share	6.28	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