Pangaea Logistics Solutions (PANL) Interest Coverage Ratio (2014 - 2026)
Pangaea Logistics Solutions (PANL) posted Interest Coverage Ratio of 1.05 for Q1 2026, up 1243.9% sequentially from 0.09 in Q4 2025, and down 54.09% YoY from 2.29 in Q1 2025.
Pangaea Logistics Solutions (PANL) Interest Coverage Ratio (2014 - 2026) Analysis & Trends
Pangaea Logistics Solutions has reported Interest Coverage Ratio for 13 years, with the latest figure at 1.05 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 54.09% year-over-year to 1.05 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.88 (up 551.82% YoY) and the FY2025 annual result came in at 1.68, down 37.5% from the prior year.
- Interest Coverage Ratio grew to 1.05 in Q1 2026 per PANL's latest filing, from 0.09 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 9.84 in Q2 2022 and troughed at 0.09 in Q4 2025.
- A 5-year average of 2.44 and a median of 1.51 in 2023 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2024 and 2025: Interest Coverage Ratio tumbled 103.58% in 2024, then jumped 1077.94% in 2025.
- Over 5 years, Interest Coverage Ratio stood at 4.35 in 2022, then plunged by 43.32% to 2.47 in 2023, then sank by 103.58% to 0.09 in 2024, then retreated by 4.48% to 0.09 in 2025, then soared by 1243.9% to 1.05 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 1.05, 0.09, and 0.22 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 0.53 |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 0.36 |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -2.21 |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 0.16 |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | - |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | - |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -11.44 |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -6.22 |
| 10 | Pangaea Logistics Solutions | 490.71 Mn | 385.03 Mn | - | 2.23 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.23 |
| Mar 31, 2026 | 1.05 |
| Dec 31, 2025 | -0.09 |
| Sep 30, 2025 | 0.22 |
| Jun 30, 2025 | 0.05 |
| Mar 31, 2025 | 2.29 |
| Dec 31, 2024 | -0.09 |
| Sep 30, 2024 | 0.23 |
| Jun 30, 2024 | 0.12 |
| Mar 31, 2024 | 0.19 |
| Dec 31, 2023 | 2.47 |
| Sep 30, 2023 | 4.58 |
| Jun 30, 2023 | 1.92 |
| Mar 31, 2023 | 1.51 |
| Dec 31, 2022 | 4.35 |
| Sep 30, 2022 | 6.91 |
| Jun 30, 2022 | 9.84 |
| Mar 31, 2022 | 5.85 |
| Dec 31, 2021 | 9.33 |
| Sep 30, 2021 | 10.67 |