Pangaea Logistics Solutions (PANL) Interest Expenses (2014 - 2023)

Pangaea Logistics Solutions has disclosed Interest Expenses across 10 years of filings, most recently posting $4.3 million for Q4 2023.

• In Q4 2023, Interest Expenses changed 0.0% year-over-year to $4.3 million; the TTM figure through Dec 2023 stood at $17.0 million (up 7.59% YoY), while the FY2025 annual figure was $24.0 million, up 40.61% from the prior year.
• Interest Expenses came in at $4.3 million for Q4 2023 at 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 $1.8 million in Q4 2020.
• Average Interest Expenses over 5 years is $3.0 million, with a median of $2.6 million recorded in 2019.
• Year-over-year, Interest Expenses decreased 25.0% in 2020 and jumped 83.33% in 2021.
• Over 5 years, Interest Expenses stood at $2.4 million in 2019, then declined by 25.0% to $1.8 million in 2020, then soared by 83.33% to $3.3 million in 2021, then jumped by 30.3% to $4.3 million in 2022, then changed by 0.0% to $4.3 million in 2023.
• Per Business Quant data, the three most recent Interest Expenses figures were $4.3 million in Q4 2023, $4.3 million in Q3 2023, and $4.1 million in Q2 2023.