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Pangaea Logistics Solutions Ltd   (PANL)
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Pangaea Logistics Solutions Ltd 's Leverage Ratio

PANL's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to repayements of liabilities of -6.55% Pangaea Logistics Solutions Ltd improved Leverage Ratio in forth quarter 2023 to 0.68, a new company low.

Within Marine Transportation industry in the forth quarter 2023, 6 other companies have achieved lower Leverage Ratio than Pangaea Logistics Solutions Ltd in the IV Quarter 2023. While Leverage Ratio total ranking has deteriorated compared to the third quarter 2023 from 673 to 808 .

Explain Leverage Ratio?
Who are PANL Customers?
What are PANL´s Total Liabilities?


PANL Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change 0.4 % 5.53 % 6.08 % 14.79 % 22.63 %
Y / Y Total Liabilities Change -4.01 % 5.4 % -43.09 % -47.23 % -43.17 %
Leverage Ratio MRQ 0.68 0.71 0.73 0.68 0.71
PANL's Total Ranking # 808 # 673 # 972 # 1216 # 1015
Seq. Equity Change -1.9 % 4.37 % -0.45 % -1.5 % 3.11 %
Seq. Total Liabilities Change -6.55 % 1 % 8.25 % -6.06 % 2.62 %



Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Marine Transportation Industry # 7
Transportation Sector # 11
Overall Market # 808


Leverage Ratio Statistics
High Average Low
2.52 1.33 0.68
(Dec 31 2014)   (Mar 31 2023)




Financial Statements
Pangaea Logistics Solutions Ltd 's Equity $ 370 Millions Visit PANL's Balance sheet
Pangaea Logistics Solutions Ltd 's Total Liabilities $ 251 Millions Visit PANL's Balance sheet
Source of PANL's Sales Visit PANL's Sales by Geography


Cumulative Pangaea Logistics Solutions Ltd 's Leverage Ratio

PANL's Leverage Ratio for the trailling 12 Months

PANL Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity TTM Growth 0.4 % 5.53 % 6.08 % 14.79 % 22.63 %
Y / Y Total Liabilities TTM Growth -4.01 % 5.4 % -43.09 % -47.23 % -43.17 %
Leverage Ratio TTM 0.7 0.71 0.71 0.86 1.05
Total Ranking TTM # 38 # 9 # 74 # 8 # 9
Seq. Equity TTM Growth -1.9 % 4.37 % -0.45 % -1.5 % 3.11 %
Seq. Total Liabilities TTM Growth -6.55 % 1 % 8.25 % -6.06 % 2.62 %


On the trailing twelve months basis Due to repayements of liabilities of -6.55% Pangaea Logistics Solutions Ltd decreased Leverage Ratio in the 12 months ending in IV Quarter 2023 to 0.7, above the Pangaea Logistics Solutions Ltd 's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Marine Transportation industry PANL recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the IV Quarter 2023, compared to the prior period, from 9 to 38.

Explain Leverage Ratio?
Who are PANL Customers?
What are PANL´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Marine Transportation Industry # 0
Transportation Sector # 0
Within the Market # 38


trailing twelve months Leverage Ratio Statistics
High Average Low
0.72 0.42 0
(Dec 31 2017)   (Mar 31 2017)




Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Marine Transportation Industry Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Equity
Eagle Bulk Shipping Inc   0.91 $ 547.736  Millions$ 600.218  Millions
Global Ship Lease Inc   0.83 $ 981.730  Millions$ 1,184.388  Millions
Star Bulk Carriers Corp   0.82 $ 1,368.185  Millions$ 1,660.070  Millions
Navigator Holdings Ltd   0.82 $ 1,012.411  Millions$ 1,233.074  Millions
Teekay Corporation  0.81 $ 1,464.360  Millions$ 1,800.346  Millions
Toro Corp   0.74 $ 131.363  Millions$ 176.741  Millions
Torm Plc  0.72 $ 1,204.164  Millions$ 1,665.983  Millions
Safe Bulkers Inc   0.69 $ 547.305  Millions$ 792.511  Millions
Dorian Lpg Ltd   0.68 $ 668.649  Millions$ 984.058  Millions
Pangaea Logistics Solutions Ltd   0.68 $ 250.842  Millions$ 370.196  Millions
Scorpio Tankers Inc   0.66 $ 1,674.946  Millions$ 2,553.706  Millions
Dht Holdings Inc   0.45 $ 460.557  Millions$ 1,031.667  Millions
Singularity Future Technology Ltd   0.44 $ 2.416  Millions$ 5.448  Millions
Globus Maritime Limited  0.32 $ 55.431  Millions$ 175.970  Millions
Forward Air Corporation  0.31 $ 237.094  Millions$ 764.261  Millions
Ardmore Shipping Corp  0.29 $ 153.550  Millions$ 537.401  Millions
Genco Shipping and Trading Limited  0.25 $ 228.646  Millions$ 914.646  Millions

Date modified: 2024-03-15T05:57:03+00:00



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