Pangaea Logistics Solutions (PANL) Interest Coverage Ratio (2014 - 2023)

Pangaea Logistics Solutions has disclosed Interest Coverage Ratio across 10 years of filings, most recently posting 2.47 for Q4 2023.

• Interest Coverage Ratio for Q4 2023 came in at 2.47, down 43.32% year-over-year; the trailing twelve-month figure through Sep 2024 was 10.29 (up 231.59% YoY), and the FY2025 annual result was 1.71, down 39.9% from the prior year.
• Interest Coverage Ratio came in at 2.47 for Q4 2023 at Pangaea Logistics Solutions, down from 4.58 in the prior quarter.
• In the past five years, Interest Coverage Ratio ranged from a high of 85.33 in Q3 2021 to a low of 1.51 in Q1 2023.
• The 5-year median for Interest Coverage Ratio is 5.2 (2019), against an average of 19.23.
• Across the five-year window, Interest Coverage Ratio plunged 97.53% in 2019 and surged 1569.88% in 2021, its largest moves.
• Pangaea Logistics Solutions' Interest Coverage Ratio stood at 5.2 in 2019, then retreated by 11.32% to 4.61 in 2020, then surged by 1569.88% to 77.0 in 2021, then slumped by 94.35% to 4.35 in 2022, then plunged by 43.32% to 2.47 in 2023.
• The last three Interest Coverage Ratio figures came in at 2.47 (Q4 2023), 4.58 (Q3 2023), and 1.92 (Q2 2023), per Business Quant data.