Growth Metrics

Pangaea Logistics Solutions (PANL) Interest Expenses (2016 - 2023)

Pangaea Logistics Solutions (PANL) has disclosed Interest Expenses for 10 consecutive years, with $4.3 million as the latest value for Q4 2023.

  • Quarterly Interest Expenses changed 0.0% to $4.3 million in Q4 2023 from the year-ago period, while the trailing twelve-month figure was $4.3 million through Sep 2024, down 74.71% year-over-year, with the annual reading at $24.0 million for FY2025, 40.61% up from the prior year.
  • Interest Expenses hit $4.3 million in Q4 2023 for Pangaea Logistics Solutions, roughly flat from $4.3 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $4.4 million in Q3 2022 to a low of $100000.0 in Q2 2019.
  • Historically, Interest Expenses has averaged $2.8 million across 5 years, with a median of $3.3 million in 2021.
  • Biggest five-year swings in Interest Expenses: soared 1900.0% in 2020 and later plummeted 90.0% in 2021.
  • Year by year, Interest Expenses stood at $2.4 million in 2019, then fell by 16.67% to $2.0 million in 2020, then soared by 65.0% to $3.3 million in 2021, then soared by 30.3% to $4.3 million in 2022, then changed by 0.0% to $4.3 million in 2023.
  • Business Quant data shows Interest Expenses for PANL at $4.3 million in Q4 2023, $4.3 million in Q3 2023, and $4.1 million in Q2 2023.