Pangaea Logistics Solutions, Ltd. (PANL)

PANL Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	86.81	99.04	128.38	56.21	46.9
Cash & Short-Term Investments	86.81	99.04	128.38	56.21	46.9
Cash Growth	-12.35%	-22.86%	128.41%	19.86%	-7.23%
Accounts Receivable	42.37	47.89	36.76	54.26	29.15
Other Receivables	7.35	5.78	7.72	17.01	6.82
Receivables	49.72	53.67	44.48	71.27	35.98
Inventory	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	13.1	15.49	15.77	23.38	7.3
Total Current Assets	191.99	191.83	222.51	183.96	111.34
Property, Plant & Equipment	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	-	-	-
Other Intangible Assets	1.01	1.78	-	-	-
Other Long-Term Assets	-	-	-	1.99	15.39
Total Assets	936.46	705.18	748.24	707.02	450.4
Accounts Payable	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	41.84	49.73	15.78	15.44	57.38
Current Portion of Leases	2.84	2.99	16.37	14.48	6.98
Current Unearned Revenue	15.45	15.63	20.88	32.21	12.8
Other Current Liabilities	1.59	1.15	0.63	0.21	1.01
Total Current Liabilities	109.11	105.33	92.21	111.74	110.81
Long-Term Debt	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	-	17.94	19.97	17.81	10.14
Total Liabilities	461.79	334.98	379.52	406.34	215.97
Common Stock	0.01	0	0	0	0
Additional Paid-In Capital	258.66	164.85	162.89	161.53	159.58
Retained Earnings	169.16	159.03	151.33	85.66	23.18
Total Common Equity	427.82	323.89	314.23	247.2	182.77
Minority Interest	46.84	46.31	54.5	53.48	51.67
Shareholders' Equity	474.66	370.2	368.72	300.68	234.43
Total Liabilities & Equity	936.46	705.18	748.24	707.02	450.4
Total Debt	397.37	264.44	299.48	309.51	162.13
Net Cash (Debt)	-310.57	-165.4	-171.1	-253.3	-115.23
Net Cash Per Share	-6.74	-3.64	-3.80	-5.65	-2.63
Filing Date Shares Outstanding	65.63	46.72	46.48	45.73	45.62
Total Common Shares Outstanding	64.96	46.47	45.9	45.62	45.45
Working Capital	82.89	86.49	130.3	72.22	0.53
Book Value Per Share	6.59	6.97	6.85	5.42	4.02
Tangible Book Value	423.71	319	314.23	247.2	182.77
Tangible Book Value Per Share	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 Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q