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.

• In Q4 2023, Interest Coverage Ratio fell 43.32% year-over-year to 2.47; the TTM figure through Dec 2023 stood at 2.63 (down 60.63% YoY), while the FY2025 annual figure 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 10.67 in Q3 2021 to a low of 1.1 in Q1 2020.
• Average Interest Coverage Ratio over 5 years is 4.36, with a median of 4.47 recorded in 2022.
• The largest YoY upside for Interest Coverage Ratio was 1329.63% in 2020 against a maximum downside of 156.04% in 2020.
• Over 5 years, Interest Coverage Ratio stood at 0.38 in 2019, then jumped by 1329.63% to 4.61 in 2020, then surged by 102.41% to 9.33 in 2021, then tumbled by 53.41% to 4.35 in 2022, then slumped by 43.32% to 2.47 in 2023.
• Per Business Quant data, the three most recent Interest Coverage Ratio figures were 2.47 in Q4 2023, 4.58 in Q3 2023, and 1.92 in Q2 2023.