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

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


Despite a net increase in borrowings by 1%, Pangaea Logistics Solutions Ltd managed to enhance Tangible Leverage Ratio in the third quarter 2023 to 0.72, falling below the company's typical Tangible Leverage Ratio.

Within Marine Transportation industry in the third quarter 2023, 3 other companies have achieved lower Tangible Leverage Ratio than Pangaea Logistics Solutions Ltd in the III Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the third quarter 2023 to 673, from total ranking in the second quarter 2023 at 972 .

Explain Tangible Leverage Ratio?
What is PANL Market Share?
What are PANL´s Total Liabilities?


PANL Tangible Leverage Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Tangible Equity Change 4.66 % 5.17 % 14.79 % 22.63 % 25.74 %
Y / Y Total Liabilities Change 5.4 % -43.09 % -47.23 % -43.17 % -39.86 %
Tangible Leverage Ratio MRQ 0.72 0.74 0.68 0.71 0.71
PANL's Total Ranking # 673 # 972 # 1216 # 1015 # 1471
Seq. Tangible Equity Change 4.41 % -1.3 % -1.5 % 3.11 % 4.91 %
Seq. Total Liabilities Change 1 % 8.25 % -6.06 % 2.62 % -45.47 %



Tangible Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Marine Transportation Industry # 4
Transportation Sector # 11
Overall Market # 673


Tangible Leverage Ratio Statistics
High Average Low
2.52 1.35 0.68
(Dec 31 2014)   (Mar 31 2023)




Financial Statements
Pangaea Logistics Solutions Ltd 's Tangible Equity $ 374 Millions Visit PANL's Balance sheet
Pangaea Logistics Solutions Ltd 's Total Liabilities $ 268 Millions Visit PANL's Balance sheet
Source of PANL's Sales Visit PANL's Sales by Geography


Cumulative Pangaea Logistics Solutions Ltd 's Tangible Leverage Ratio

PANL's Tangible Leverage Ratio for the trailling 12 Months

PANL Tangible Leverage Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Tangible Equity TTM Growth 4.66 % 5.17 % 14.79 % 22.63 % 25.74 %
Y / Y Total Liabilities TTM Growth 5.4 % -43.09 % -47.23 % -43.17 % -39.86 %
Tangible Leverage Ratio TTM 0.71 0.71 0.86 1.05 1.25
Total Ranking TTM # 9 # 74 # 8 # 9 # 2101
Seq. Tangible Equity TTM Growth 4.41 % -1.3 % -1.5 % 3.11 % 4.91 %
Seq. Total Liabilities TTM Growth 1 % 8.25 % -6.06 % 2.62 % -45.47 %


On the trailing twelve months basis Despite of the net new borrowings of 1% during the twelve months period ending in III Quarter 2023 Pangaea Logistics Solutions Ltd has managed to unchanged Tangible Leverage Ratio in the III Quarter 2023 to 0.71, below Pangaea Logistics Solutions Ltd 's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Marine Transportation industry PANL recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 9, from total ranking in previous 12 month period at 74.

Explain Tangible Leverage Ratio?
What is PANL Market Share?
What are PANL´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Marine Transportation Industry # 0
Transportation Sector # 0
Within the Market # 9


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
1.31 1.04 0.89
(Mar 31 2022)   (Mar 31 2021)




Companies with similar Tangible Leverage Ratio in the quarter ending Sep 30 2023, within Marine Transportation Industry Tangible Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Tangible Equity
Forward Air Corporation  1.91 $ 309.298  Millions$ 162.227  Millions
Seacor Marine Holdings Inc   1.14 $ 415.011  Millions$ 365.637  Millions
Hub Group Inc   1.09 $ 900.122  Millions$ 822.264  Millions
Eagle Bulk Shipping Inc   0.94 $ 560.501  Millions$ 598.072  Millions
Global Ship Lease Inc   0.83 $ 981.730  Millions$ 1,184.388  Millions
Teekay Corporation  0.82 $ 1,464.360  Millions$ 1,775.911  Millions
Star Bulk Carriers Corp   0.82 $ 1,368.185  Millions$ 1,660.070  Millions
Navigator Holdings Ltd   0.82 $ 1,012.411  Millions$ 1,232.742  Millions
Toro Corp   0.74 $ 131.363  Millions$ 176.741  Millions
Dorian Lpg Ltd   0.74 $ 684.938  Millions$ 923.309  Millions
Torm Plc  0.72 $ 1,204.164  Millions$ 1,664.188  Millions
Pangaea Logistics Solutions Ltd   0.72 $ 268.414  Millions$ 374.273  Millions
Safe Bulkers Inc   0.69 $ 547.305  Millions$ 792.511  Millions
Expeditors International Of Washington Inc   0.67 $ 1,668.739  Millions$ 2,483.547  Millions
Scorpio Tankers Inc   0.66 $ 1,674.946  Millions$ 2,545.509  Millions
Dht Holdings Inc   0.45 $ 460.557  Millions$ 1,030.311  Millions
Singularity Future Technology Ltd   0.38 $ 2.537  Millions$ 6.695  Millions
Globus Maritime Limited  0.32 $ 55.431  Millions$ 175.970  Millions
Ardmore Shipping Corp  0.29 $ 153.550  Millions$ 537.401  Millions
Genco Shipping and Trading Limited  0.20 $ 179.829  Millions$ 916.389  Millions

Date modified: 2023-11-09T20:43:52+00:00



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