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
DateValue
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