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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

Pangaea Logistics Solutions (PANL) Interest Coverage Ratio (2016 - 2023)

Pangaea Logistics Solutions' Interest Coverage Ratio history spans 10 years, with the latest figure at 2.47 for Q4 2023.

  • For Q4 2023, Interest Coverage Ratio fell 43.32% year-over-year to 2.47; the TTM value through Sep 2024 reached 10.29, up 231.59%, while the annual FY2024 figure was 2.84, 8.28% up from the prior year.
  • Interest Coverage Ratio for Q4 2023 was 2.47 at Pangaea Logistics Solutions, down from 4.58 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 76.99 in Q4 2021 and bottomed at 1.1 in Q1 2020.
  • The 5-year median for Interest Coverage Ratio is 5.0 (2020), against an average of 13.36.
  • The largest annual shift saw Interest Coverage Ratio plummeted 111.11% in 2019 before it surged 1569.57% in 2021.
  • A 5-year view of Interest Coverage Ratio shows it stood at 0.37 in 2019, then skyrocketed by 1339.85% to 4.61 in 2020, then soared by 1569.57% to 76.99 in 2021, then crashed by 94.35% to 4.35 in 2022, then plummeted by 43.32% to 2.47 in 2023.
  • Per Business Quant, the three most recent readings for PANL's Interest Coverage Ratio are 2.47 (Q4 2023), 4.58 (Q3 2023), and 1.92 (Q2 2023).