Pangaea Logistics Solutions, Ltd. (PANL)

PANL Balance Sheet

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	95.87	99.04	128.38	56.21	48.4	53.06
Cash & Cash Equivalents	95.87	99.04	128.38	56.21	48.4	53.06
Cash Growth	-25.77%	-22.86%	128.41%	16.14%	-8.78%	-5.45%
Receivables	42	47.89	36.76	54.26	29.15	28.31
Inventory	22.15	16.56	29.1	27.15	15.97	21
Other Current Assets	35.53	28.34	28.27	46.35	17.83	25.59
Total Current Assets	195.56	191.83	222.51	183.96	111.34	127.96
Property, Plant & Equipment	498.91	504.66	520.45	519.1	337.37	358.77
Goodwill and Intangibles	3.1	3.1	0	0	0	0
Other Long-Term Assets	5.74	5.59	5.28	3.96	1.69	-6.82
Total Long-Term Assets	507.75	513.35	525.73	523.06	339.06	351.95
Total Assets	703.31	705.18	748.24	707.02	450.4	479.9
Accounts Payable	32.95	35.84	38.55	49.15	32.4	39.97
Deferred Revenue	13.77	15.63	20.88	32.21	12.8	14.38
Current Debt	51.64	52.72	32.15	30.17	64.6	35.87
Other Current Liabilities	0.97	1.15	0.63	0.21	1.01	0.63
Total Current Liabilities	99.34	105.33	92.21	111.74	110.81	90.85
Long-Term Debt	205.91	211.71	267.33	276.8	95.03	141.15
Other Long-Term Liabilities	18.75	17.94	19.97	17.81	10.14	4.83
Total Long-Term Liabilities	224.66	229.65	287.31	294.6	105.16	145.98
Total Liabilities	324	334.98	379.52	406.34	215.97	236.83
Total Debt	257.55	264.44	299.48	306.96	159.63	177.02
Debt Growth	-11.16%	-11.70%	-2.44%	92.29%	-9.82%	4.48%
Retained Earnings	166.01	159.03	151.33	85.66	23.18	12.74
Shareholders' Equity	332	323.89	314.23	247.2	182.77	170.25
Net Cash / Debt	-161.68	-165.4	-171.1	-250.75	-111.23	-123.97
Net Cash Per Share	-3.52	-3.64	-3.80	-5.59	-2.54	-2.87
Working Capital	96.22	86.49	130.3	72.22	0.53	37.1
Book Value Per Share	7.34	7.23	7.08	5.62	4.21	3.98

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).