PANL: Pangaea Logistics Solutions Ltd Financial Statements
Balance sheet, income statement, and cash flow statements for Pangaea Logistics Solutions Ltd (PANL).
$251.40M Market Cap.
PANL Market Cap. (MRY)
PANL Shares Outstanding (MRY)
PANL Assets (MRY)
Total Assets
$936.46M
Total Liabilities
$461.79M
Total Investments
$0
PANL Income (MRY)
Revenue
$536.54M
Net Income
$28.90M
Operating Expense
$55.00M
PANL Cash Flow (MRY)
CF Operations
$65.69M
CF Investing
-$67.69M
CF Financing
-$10.23M
PANL Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $936,457,081 (32.80%) | $705,179,968 (-5.76%) | $748,241,470 (5.83%) | $707,024,006 (56.98%) |
Assets Current | $191,993,893 (0.09%) | $191,825,879 (-13.79%) | $222,511,022 (20.95%) | $183,963,614 (65.22%) |
Assets Non-Current | $744,463,188 (45.02%) | $513,354,089 (-2.35%) | $525,730,448 (0.51%) | $523,060,392 (54.27%) |
Goodwill & Intangible Assets | $3,104,800 (0.00%) | $3,104,800 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $427,821,619 (32.09%) | $323,885,993 (3.07%) | $314,226,062 (27.11%) | $247,202,217 (35.26%) |
Property Plant & Equipment Net | $736,597,859 (45.96%) | $504,658,994 (-3.03%) | $520,446,321 (0.26%) | $519,098,569 (53.87%) |
Cash & Equivalents | $86,805,470 (-12.35%) | $99,037,866 (-22.86%) | $128,384,606 (128.41%) | $56,208,902 (16.14%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $15,447,488 (-1.17%) | $15,629,886 (-25.16%) | $20,883,958 (-35.15%) | $32,205,312 (151.61%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $32,848,241 (98.40%) | $16,556,266 (-43.11%) | $29,104,436 (7.21%) | $27,147,760 (70.03%) |
Trade & Non-Trade Receivables | $42,370,830 (-11.53%) | $47,891,501 (30.30%) | $36,755,149 (-32.26%) | $54,259,265 (86.12%) |
Trade & Non-Trade Payables | $47,762,582 (33.28%) | $35,836,262 (-7.05%) | $38,554,131 (-21.57%) | $49,154,439 (51.71%) |
Accumulated Retained Earnings (Deficit) | $169,155,149 (6.37%) | $159,026,799 (5.09%) | $151,327,392 (76.65%) | $85,663,375 (269.56%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $397,371,685 (50.27%) | $264,435,026 (-11.70%) | $299,481,283 (-2.44%) | $306,962,120 (92.29%) |
Debt Current | $44,687,050 (-15.24%) | $52,721,850 (64.00%) | $32,147,605 (6.57%) | $30,165,770 (-53.31%) |
Debt Non-Current | $352,684,635 (66.59%) | $211,713,176 (-20.81%) | $267,333,678 (-3.42%) | $276,796,350 (191.28%) |
Total Liabilities | $461,792,746 (37.86%) | $334,984,035 (-11.73%) | $379,519,940 (-6.60%) | $406,342,612 (88.15%) |
Liabilities Current | $109,108,111 (3.58%) | $105,334,319 (14.23%) | $92,211,872 (-17.48%) | $111,739,286 (0.84%) |
Liabilities Non-Current | $352,684,635 (53.58%) | $229,649,716 (-20.07%) | $287,308,068 (-2.48%) | $294,603,326 (180.14%) |
PANL Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $536,536,246 (7.46%) | $499,267,834 (-28.65%) | $699,706,906 (-2.56%) | $718,104,388 (87.55%) |
Cost of Revenue | $433,085,442 (8.25%) | $400,060,794 (-26.09%) | $541,280,092 (-9.38%) | $597,291,446 (82.27%) |
Selling General & Administrative Expense | $24,626,469 (8.10%) | $22,780,937 (13.32%) | $20,103,346 (5.99%) | $18,966,488 (19.17%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $55,002,190 (0.76%) | $54,589,843 (3.16%) | $52,918,997 (26.18%) | $41,940,737 (18.14%) |
Interest Expense | $17,073,184 (0.28%) | $17,025,547 (15.25%) | $14,772,164 (43.01%) | $10,329,397 (34.96%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $31,769,493 (11.32%) | $28,537,772 (-66.63%) | $85,507,704 (18.15%) | $72,373,704 (470.23%) |
Net Income to Non-Controlling Interests | $2,866,110 (29.43%) | $2,214,472 (-63.19%) | $6,016,291 (16.89%) | $5,146,871 (284.11%) |
Net Income | $28,903,383 (9.80%) | $26,323,300 (-66.89%) | $79,491,413 (18.24%) | $67,226,833 (492.19%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $28,903,383 (9.80%) | $26,323,300 (-66.89%) | $79,491,413 (18.24%) | $67,226,833 (492.19%) |
Weighted Average Shares | $45,391,855 (1.38%) | $44,773,899 (0.84%) | $44,398,987 (0.91%) | $43,997,311 (1.33%) |
Weighted Average Shares Diluted | $46,046,044 (1.25%) | $45,475,453 (0.92%) | $45,059,587 (0.47%) | $44,848,997 (2.35%) |
Earning Before Interest & Taxes (EBIT) | $45,976,567 (6.06%) | $43,348,847 (-54.01%) | $94,263,577 (21.54%) | $77,556,230 (308.07%) |
Gross Profit | $103,450,804 (4.28%) | $99,207,040 (-37.38%) | $158,426,814 (31.13%) | $120,812,942 (118.87%) |
Operating Income | $48,448,614 (8.59%) | $44,617,197 (-57.71%) | $105,507,817 (33.77%) | $78,872,205 (300.43%) |
PANL Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$67,694,165 (-323.56%) | -$15,982,325 (43.94%) | -$28,509,096 (85.59%) | -$197,792,380 (-2771.67%) |
Net Cash Flow from Financing | -$10,229,624 (84.77%) | -$67,151,692 (-96.83%) | -$34,116,600 (-123.72%) | $143,858,760 (873.20%) |
Net Cash Flow from Operations | $65,691,393 (22.13%) | $53,787,277 (-60.10%) | $134,801,400 (118.32%) | $61,745,306 (196.35%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$12,232,396 (58.32%) | -$29,346,740 (-140.66%) | $72,175,704 (823.95%) | $7,811,686 (267.71%) |
Net Cash Flow - Business Acquisitions and Disposals | -$171,699 (97.75%) | -$7,627,270 (-1380.56%) | -$515,162 (54.76%) | -$1,138,835 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $1,910,000 (16.64%) | $1,637,500 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$69,432,466 (-594.84%) | -$9,992,555 (64.30%) | -$27,993,934 (85.76%) | -$196,653,545 (-2349.97%) |
Issuance (Repayment) of Debt Securities | $33,897,417 (194.11%) | -$36,020,659 (-181.91%) | -$12,777,174 (-108.76%) | $145,936,995 (932.04%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | -$18,710,364 (-3.35%) | -$18,103,750 (-34.95%) | -$13,414,984 (-142.36%) | -$5,535,261 (-934.33%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $2,788,190 (33.55%) | $2,087,807 (18.11%) | $1,767,726 (-15.94%) | $2,102,897 (-9.16%) |
Depreciation Amortization & Accretion | $30,375,721 (1.02%) | $30,070,395 (1.97%) | $29,489,810 (28.36%) | $22,974,249 (34.70%) |
PANL Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 19.30% (-3.02%) | 19.90% (-11.95%) | 22.60% (34.52%) | 16.80% (16.67%) |
Profit Margin | 5.40% (1.89%) | 5.30% (-53.51%) | 11.40% (21.28%) | 9.40% (213.33%) |
EBITDA Margin | 14.20% (-3.40%) | 14.70% (-16.95%) | 17.70% (26.43%) | 14.00% (48.94%) |
Return on Average Equity (ROAE) | 8.10% (-1.22%) | 8.20% (-69.85%) | 27.20% (-11.11%) | 30.60% (363.64%) |
Return on Average Assets (ROAA) | 3.80% (5.56%) | 3.60% (-66.36%) | 10.70% (-5.31%) | 11.30% (352.00%) |
Return on Sales (ROS) | 8.60% (-1.15%) | 8.70% (-35.56%) | 13.50% (25.00%) | 10.80% (116.00%) |
Return on Invested Capital (ROIC) | 5.20% (-5.45%) | 5.50% (-50.89%) | 11.20% (1.82%) | 11.00% (175.00%) |
Dividend Yield | 7.50% (53.06%) | 4.90% (-15.52%) | 5.80% (75.76%) | 3.30% (0%) |
Price to Earnings Ratio (P/E) | 8.38 (-40.03%) | 13.97 (385.44%) | 2.88 (16.43%) | 2.47 (-76.81%) |
Price to Sales Ratio (P/S) | 0.45 (-38.70%) | 0.74 (125.99%) | 0.33 (40.95%) | 0.23 (-26.11%) |
Price to Book Ratio (P/B) | 0.59 (-50.25%) | 1.18 (56.97%) | 0.75 (7.88%) | 0.7 (2.20%) |
Debt to Equity Ratio (D/E) | 1.08 (4.35%) | 1.03 (-14.40%) | 1.21 (-26.52%) | 1.64 (39.09%) |
Earnings Per Share (EPS) | 0.64 (8.47%) | 0.59 (-67.04%) | 1.79 (16.99%) | 1.53 (488.46%) |
Sales Per Share (SPS) | 11.82 (6.00%) | 11.15 (-29.24%) | 15.76 (-3.44%) | 16.32 (85.08%) |
Free Cash Flow Per Share (FCFPS) | -0.08 (-108.38%) | 0.98 (-59.35%) | 2.41 (178.47%) | -3.07 (-550.22%) |
Book Value Per Share (BVPS) | 9.43 (30.29%) | 7.23 (2.22%) | 7.08 (25.95%) | 5.62 (33.50%) |
Tangible Assets Book Value Per Share (TABVPS) | 20.56 (31.14%) | 15.68 (-6.96%) | 16.85 (4.87%) | 16.07 (54.91%) |
Enterprise Value Over EBIT (EV/EBIT) | 10 (-23.08%) | 13 (225.00%) | 4 (-20.00%) | 5 (-58.33%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 5.86 (-24.71%) | 7.78 (131.01%) | 3.37 (-16.39%) | 4.03 (-37.78%) |
Asset Turnover | 0.7 (0.72%) | 0.69 (-26.65%) | 0.94 (-21.63%) | 1.2 (40.09%) |
Current Ratio | 1.76 (-3.35%) | 1.82 (-24.53%) | 2.41 (46.60%) | 1.65 (63.78%) |
Dividends | $0.4 (0.00%) | $0.4 (33.33%) | $0.3 (140.00%) | $0.13 (0%) |
Free Cash Flow (FCF) | -$3,741,073 (-108.54%) | $43,794,722 (-59.00%) | $106,807,466 (179.17%) | -$134,908,239 (-556.14%) |
Enterprise Value (EV) | $447,132,441 (-21.71%) | $571,090,915 (37.06%) | $416,674,635 (2.92%) | $404,855,435 (73.48%) |
Earnings Before Tax (EBT) | $28,903,383 (9.80%) | $26,323,300 (-66.89%) | $79,491,413 (18.24%) | $67,226,833 (492.19%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $76,352,288 (3.99%) | $73,419,242 (-40.67%) | $123,753,387 (23.10%) | $100,530,479 (178.78%) |
Invested Capital | $1,134,810,385 (48.90%) | $762,138,009 (-7.86%) | $827,126,275 (-2.24%) | $846,037,938 (87.66%) |
Working Capital | $82,885,782 (-4.17%) | $86,491,560 (-33.62%) | $130,299,150 (80.41%) | $72,224,328 (13464.81%) |
Tangible Asset Value | $933,352,281 (32.94%) | $702,075,168 (-6.17%) | $748,241,470 (5.83%) | $707,024,006 (56.98%) |
Market Capitalization | $251,395,208 (-34.34%) | $382,884,965 (61.90%) | $236,501,864 (37.08%) | $172,524,647 (38.21%) |
Average Equity | $355,986,514 (11.54%) | $319,147,271 (9.03%) | $292,727,911 (33.43%) | $219,386,009 (27.02%) |
Average Assets | $770,462,358 (6.69%) | $722,143,654 (-2.83%) | $743,158,888 (24.41%) | $597,351,660 (33.84%) |
Invested Capital Average | $880,045,000 (10.92%) | $793,412,174 (-5.41%) | $838,782,710 (18.82%) | $705,926,858 (47.96%) |
Shares | 46,902,091 (0.94%) | 46,466,622 (1.18%) | 45,922,692 (0.62%) | 45,641,441 (1.28%) |
