Pangaea Logistics Solutions, Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Pangaea Logistics Solutions, Ltd.'s balance sheet done over the years? Its assets were worth $705,179,968 last year, which is less than in the previous period. 48% of Pangaea Logistics Solutions, Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $334,984,035, which means an decrease by -12% compared compared to last year.
Debt to Assets
| 2014 | 332463265 | 232.11M | 69.82% |
|---|---|---|---|
| 2015 | 366962996 | 201.64M | 54.95% |
| 2016 | 362193902 | 185.51M | 51.22% |
| 2017 | 423297088 | 212.64M | 50.23% |
| 2018 | 453474622 | 220.10M | 48.54% |
| 2019 | 479902831 | 236.83M | 49.35% |
| 2020 | 450404145 | 215.97M | 47.95% |
| 2021 | 707024006 | 406.34M | 57.47% |
| 2022 | 748241470 | 379.51M | 50.72% |
| 2023 | 705179968 | 334.98M | 47.5% |
PANL Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 99.03M | 128.38M | 56.20M | 46.89M | 50.55M | 53.61M | 34.53M | 22.32M | 37.52M | 29.81M |
Short term investments | 0 | 46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 53.66M | 36.75M | 54.25M | 29.15M | 28.30M | 28.48M | 21.08M | 20.47M | 19.61M | 27.36M |
Inventory | 19.06M | 29.10M | 27.14M | 15.96M | 21.00M | 19.22M | 15.35M | 13.20M | 7.49M | 15.60M |
Other current assets | 20.05M | 28.26M | 46.34M | 19.51M | 18.77M | 12.18M | 12.03M | 6.44M | 4.68M | 12.09M |
Total current assets | 191.82M | 222.51M | 183.96M | 113.03M | 126.95M | 113.50M | 83.01M | 68.54M | 69.31M | 84.87M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 504.65M | 520.44M | 519.09M | 321.98M | 335.09M | 337.46M | 336.28M | 275.26M | 255.14M | 207.66M |
Goodwill | 3.10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 1.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 3.81M | 5.28M | 3.96M | 15.39M | 15.35M | 0 | 4M | 18.38M | 42.50M | 38.47M |
Other non-current assets | 0 | 0 | 0 | 0 | 2.5M | 2.5M | 0 | 0 | 0 | 1.45M |
Total non-current assets | 513.35M | 525.73M | 523.06M | 337.37M | 352.94M | 339.96M | 340.28M | 293.64M | 297.65M | 247.58M |
Total assets | 705.17M | 748.24M | 707.02M | 450.40M | 479.90M | 453.47M | 423.29M | 362.19M | 366.96M | 332.46M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 15.62M | 20.88M | 32.20M | 12.79M | 14.37M | 14.71M | 5.81M | 6.42M | 4.44M | 11.74M |
Short term debt | 52.72M | 32.14M | 30.16M | 64.60M | 35.87M | 28.37M | 27.77M | 35.59M | 32.82M | 79.90M |
Total current liabilities | 105.33M | 92.21M | 111.73M | 110.80M | 90.85M | 79.04M | 70.01M | 77.87M | 72.15M | 144.68M |
| Non-current liabilities: | ||||||||||
Long term debt | 211.71M | 267.33M | 276.79M | 95.02M | 141.14M | 141.05M | 142.63M | 107.63M | 129.49M | 86.62M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 17.93M | 19.97M | 17.80M | 10.13M | 4.82M | 0 | 0 | 0 | 0 | 0 |
Total non-current liabilities | 229.64M | 287.30M | 294.60M | 105.16M | 145.97M | 141.05M | 142.63M | 107.63M | 129.49M | 87.43M |
Total liabilities | 334.98M | 379.51M | 406.34M | 215.97M | 236.83M | 220.10M | 212.64M | 185.51M | 201.64M | 232.11M |
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