Pangaea Logistics Solutions (PANL) Interest Expenses (2014 - 2023)
Pangaea Logistics Solutions' (PANL) quarterly Interest Expenses came in at $4.3 million in Q4 2023, little changed year-on-year from $4.3 million in Q4 2022, and little changed quarter-over-quarter from $4.3 million in Q3 2023.
Pangaea Logistics Solutions (PANL) Interest Expenses (2014 - 2023) Analysis & Trends
Pangaea Logistics Solutions has disclosed Interest Expenses across 10 years of filings, most recently posting $4.3 million for Q4 2023.
- Interest Expenses for Q4 2023 came in at $4.3 million, changed 0.0% year-over-year; the trailing twelve-month figure through Sep 2024 was $4.3 million (down 74.71% YoY), and the FY2025 annual result 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 $100000.0 in Q2 2019.
- The 5-year median for Interest Expenses is $2.6 million (2021), against an average of $2.6 million.
- Peak annual rise in Interest Expenses reached 2500.0% in 2021, while the deepest fall reached 77.78% in 2021.
- Pangaea Logistics Solutions' Interest Expenses stood at $2.5 million in 2019, then retreated by 28.0% to $1.8 million in 2020, then tumbled by 77.78% to $400000.0 in 2021, then surged by 975.0% to $4.3 million in 2022, then changed by 0.0% to $4.3 million in 2023.
- The last three Interest Expenses figures came in at $4.3 million (Q4 2023), $4.3 million (Q3 2023), and $4.1 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | -1,852.00 |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 11.22 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 1.60 Mn |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | -12.94 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 127.05 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -112.20 Mn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | -18.95 Mn |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | -30.60 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Pangaea Logistics Solutions | 462.83 Mn | 418.86 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 4.30 Mn |
| Dec 31, 2023 | 4.30 Mn |
| Sep 30, 2023 | 4.30 Mn |
| Sep 30, 2023 | 4.30 Mn |
| Jun 30, 2023 | 4.10 Mn |
| Jun 30, 2023 | 4.10 Mn |
| Mar 31, 2023 | 4.30 Mn |
| Mar 31, 2023 | 4.30 Mn |
| Dec 31, 2022 | 4.30 Mn |
| Dec 31, 2022 | 4.30 Mn |
| Sep 30, 2022 | 4.40 Mn |
| Sep 30, 2022 | 4.40 Mn |
| Jun 30, 2022 | 3.70 Mn |
| Jun 30, 2022 | 3.70 Mn |
| Mar 31, 2022 | 3.40 Mn |
| Mar 31, 2022 | 3.40 Mn |
| Dec 31, 2021 | 400,000.00 |
| Dec 31, 2021 | 400,000.00 |
| Sep 30, 2021 | 300,000.00 |
| Sep 30, 2021 | 300,000.00 |