PANL
Price:
$7.68
Market Cap:
$502.39M
Pangaea Logistics Solutions, Ltd., along with its subsidiary companies, offers specialized global seaborne transportation and logistics services for dry bulk commodities to industrial clients. The firm handles a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its marine logistics offerings encompass cargo handling (loading and discharge), vessel chartering, meticulous voyage planning, and professional technical management for its ships. As of March 16, 2022, Pangaea owned and operated a fleet of 25 vessels. Founded in 1996, the company's headquarters are located in Newport, Rhode Isl...[Read more]
Industry
Marine Shipping
IPO Date
2013-12-19
Stock Exchange
NASDAQ
Ticker
PANL
According to Pangaea Logistics Solutions, Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.63. This represents a change of 2.02% compared to the average of 1.60 of the last 4 quarters.
The mean historical Current Ratio of Pangaea Logistics Solutions, Ltd. over the last ten years is 1.52. The current 1.63 Current Ratio has changed 10.61% with respect to the historical average. Over the past ten years (40 quarters), PANL's Current Ratio was at its highest in in the March 2023 quarter at 2.52. The Current Ratio was at its lowest in in the December 2016 quarter at 0.88.
Average
1.52
Median
1.54
Minimum
0.88
Maximum
2.41
Discovering the peaks and valleys of Pangaea Logistics Solutions, Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 63.85%
Maximum Annual Current Ratio = 2.41
Minimum Annual Increase = -28.65%
Minimum Annual Current Ratio = 0.88
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 1.69 | -4.23% |
| 2024 | 1.76 | -3.37% |
| 2023 | 1.82 | -24.53% |
| 2022 | 2.41 | 46.57% |
| 2021 | 1.65 | 63.85% |
| 2020 | 1.00 | -28.65% |
| 2019 | 1.41 | -1.92% |
| 2018 | 1.44 | 21.10% |
| 2017 | 1.19 | 34.72% |
| 2016 | 0.88 | -8.38% |
The current Current Ratio of Pangaea Logistics Solutions, Ltd. (PANL) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages
3-year avg
1.76
5-year avg
1.87
10-year avg
1.52
Pangaea Logistics Solutions, Ltd.’s Current Ratio is less than Costamare Bulkers Holdings Ltd (3.29), greater than KNOT Offshore Partners LP (0.25), greater than Himalaya Shipping Ltd. (0.95), less than Luxfer Holdings PLC (1.75), less than StealthGas Inc. (8.91), less than Mistras Group, Inc. (1.81), greater than Wabash National Corporation (1.33), less than ACCO Brands Corporation (1.77), less than Magnera Corp. (2.33), less than AirJoule Technologies Corporation (23.23),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.29 | $435.61M | |
| 0.25 | $363.53M | |
| 0.95 | $717.55M | |
| 1.75 | $488.28M | |
| 8.91 | $358.84M | |
| 1.81 | $593.38M | |
| 1.33 | $395.76M | |
| 1.77 | $372.72M | |
| 2.33 | $449.63M | |
| 23.23 | $302.91M |
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