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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	94.02	86.81	99.04	128.38	56.21	46.9
Cash & Short-Term Investments	94.02	86.81	99.04	128.38	56.21	46.9
Cash Growth	0.97%	-12.35%	-22.86%	128.41%	19.86%	-7.23%
Accounts Receivable	45.57	42.37	47.89	36.76	54.26	29.15
Other Receivables	13.45	7.35	5.78	7.72	17.01	6.82
Receivables	59.01	49.72	53.67	44.48	71.27	35.98
Inventory	36.14	32.85	16.56	29.1	27.15	15.97
Prepaid Expenses	7.48	9.52	7.07	4.78	5.96	3.71
Restricted Cash	-	-	-	-	-	1.5
Other Current Assets	15.97	13.1	15.49	15.77	23.38	7.3
Total Current Assets	212.62	191.99	191.83	222.51	183.96	111.34
Property, Plant & Equipment	711.35	736.6	504.66	520.45	517.11	321.98
Long-Term Investments	4.12	3.75	3.81	5.28	3.96	1.69
Goodwill	3.1	3.1	3.1	-	-	-
Other Intangible Assets	0.68	1.01	1.78	-	-	-
Other Long-Term Assets	0.27	-	-	-	1.99	15.39
Total Assets	932.15	936.46	705.18	748.24	707.02	450.4
Accounts Payable	18.88	46.58	34.35	9.98	7.03	18.68
Accrued Expenses	45.36	-	-	28.57	39.58	11.22
Short-Term Debt	-	-	-	-	2.79	2.74
Current Portion of Long-Term Debt	44.44	41.84	49.73	15.78	15.44	57.38
Current Portion of Leases	2.54	2.84	2.99	16.37	14.48	6.98
Current Unearned Revenue	18.29	15.45	15.63	20.88	32.21	12.8
Other Current Liabilities	1.42	2.39	2.64	0.63	0.21	1.01
Total Current Liabilities	130.93	109.11	105.33	92.21	111.74	110.81
Long-Term Debt	327.02	342.25	198.48	98.82	105.84	44.51
Long-Term Leases	8.64	10.43	13.23	168.51	170.96	50.52
Other Long-Term Liabilities	-	-	17.94	19.97	17.81	10.14
Total Liabilities	466.59	461.79	334.98	379.52	406.34	215.97
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	256.66	258.66	164.85	162.89	161.53	159.58
Retained Earnings	163.59	169.16	159.03	151.33	85.66	23.18
Total Common Equity	420.26	427.82	323.89	314.23	247.2	182.77
Minority Interest	45.3	46.84	46.31	54.5	53.48	51.67
Shareholders' Equity	465.56	474.66	370.2	368.72	300.68	234.43
Total Liabilities & Equity	932.15	936.46	705.18	748.24	707.02	450.4
Total Debt	382.64	397.37	264.44	299.48	309.51	162.13
Net Cash (Debt)	-288.62	-310.57	-165.4	-171.1	-253.3	-115.23
Net Cash Per Share	-4.78	-6.74	-3.64	-3.80	-5.65	-2.63
Filing Date Shares Outstanding	64.97	65.63	46.72	46.48	45.73	45.62
Total Common Shares Outstanding	65.18	64.96	46.47	45.9	45.62	45.45
Working Capital	81.7	82.89	86.49	130.3	72.22	0.53
Book Value Per Share	6.45	6.59	6.97	6.85	5.42	4.02
Tangible Book Value	416.48	423.71	319	314.23	247.2	182.77
Tangible Book Value Per Share	6.39	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q