For the year ending 2025-12-31, PANL has $928,096K in assets. $103,054K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 103,054 | |||
| Accounts receivable (net of allowance of 6,017 and 5,493 at december 31, 2025 and 2024, respectively) | 55,854 | |||
| Inventories | 28,389 | |||
| Advance hire, prepaid expenses and other current assets | 28,478 | |||
| Total current assets | 215,776 | |||
| Restricted cash | 270 | |||
| Fixed assets, at cost, net of accumulated depreciation of 179,988 and 151,952, at december 31, 2025 and 2024, respectively | 677,518 | |||
| Vessels under finance lease | 26,866 | |||
| Goodwill | 3,105 | |||
| Other assets, noncurrent | 4,561 | |||
| Total assets | 928,096 | |||
| Accounts payable, accrued expenses and other current liabilities | 54,257 | |||
| Note payable | 806 | |||
| Deferred revenue | 24,891 | |||
| Current portion of long-term debt | 16,910 | |||
| Current portion of financing obligations | 27,896 | |||
| Current portion of finance lease liabilities | 2,076 | |||
| Dividends payable | 1,198 | |||
| Total current liabilities | 128,034 | |||
| Secured long-term debt, net | 97,157 | |||
| Long-term debt and finance lease obligation | 322,449 | |||
| Long-term debt and lease obligation, undiscounted excess amount | 72,807 | |||
| Long-term debt and lease obligation | 249,642 | |||
| Unamortized debt issuance expense | 1,972 | |||
| Long-term debt and lease obligation, including current maturities | 27,896 | |||
| Financing obligations, net | 219,774 | |||
| Finance lease liabilities, net | 8,395 | |||
| Common stock, 0.0001 par value, 100,000,000 shares authorized, 64,973,988 and 64,961,433 shares issued and outstanding at december31, 2025 and 2024, respectively | 7 | |||
| Additional paid-in capital | 257,072 | |||
| Retained earnings | 172,255 | |||
| Total pangaea logistics solutions ltd. equity | 429,333 | |||
| Non-controlling interests | 45,403 | |||
| Total stockholders' equity | 474,736 | |||
| Total liabilities and stockholders' equity | 928,096 | |||
Pangaea Logistics Solutions Ltd. (PANL)
Pangaea Logistics Solutions Ltd. (PANL)