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

Historic Interest Coverage Ratio for Pangaea Logistics Solutions (PANL) over the last 10 years, with Q4 2023 value amounting to 2.47.

  • Pangaea Logistics Solutions' Interest Coverage Ratio fell 4331.55% to 2.47 in Q4 2023 from the same period last year, while for Sep 2024 it was 10.29, marking a year-over-year increase of 23128.11%. This contributed to the annual value of 2.84 for FY2024, which is 828.43% up from last year.
  • Pangaea Logistics Solutions' Interest Coverage Ratio amounted to 2.47 in Q4 2023, which was down 4331.55% from 4.58 recorded in Q3 2023.
  • Over the past 5 years, Pangaea Logistics Solutions' Interest Coverage Ratio peaked at 10.67 during Q3 2021, and registered a low of 1.1 during Q1 2020.
  • Moreover, its 5-year median value for Interest Coverage Ratio was 4.47 (2022), whereas its average is 4.37.
  • Data for Pangaea Logistics Solutions' Interest Coverage Ratio shows a peak YoY increase of 132962.96% (in 2020) and a maximum YoY decrease of 15603.54% (in 2020) over the last 5 years.
  • Over the past 5 years, Pangaea Logistics Solutions' Interest Coverage Ratio (Quarter) stood at 0.38 in 2019, then skyrocketed by 1329.63% to 4.61 in 2020, then skyrocketed by 102.41% to 9.33 in 2021, then tumbled by 53.41% to 4.35 in 2022, then plummeted by 43.32% to 2.47 in 2023.
  • Its last three reported values are 2.47 in Q4 2023, 4.58 for Q3 2023, and 1.93 during Q2 2023.