Pangaea Logistics Solutions (PANL) Times Interest Earned (2014 - 2023)
Pangaea Logistics Solutions' (PANL) quarterly Times Interest Earned came in at 2.47 in Q4 2023, down 43.32% year-over-year from 4.35 in Q4 2022, and down 46.19% quarter-over-quarter from 4.58 in Q3 2023.
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Pangaea Logistics Solutions (PANL) Times Interest Earned (2014 - 2023) Analysis & Trends
Pangaea Logistics Solutions has disclosed Times Interest Earned across 10 years of filings, most recently posting 2.47 for Q4 2023.
- In Q4 2023, Times Interest Earned 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.
- Times Interest Earned 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, Times Interest Earned ranged from a high of 10.67 in Q3 2021 to a low of 1.1 in Q1 2020.
- Average Times Interest Earned over 5 years is 4.36, with a median of 4.47 recorded in 2022.
- The largest YoY upside for Times Interest Earned was 1329.63% in 2020 against a maximum downside of 156.04% in 2020.
- Over 5 years, Times Interest Earned 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 Times Interest Earned figures were 2.47 in Q4 2023, 4.58 in Q3 2023, and 1.92 in Q2 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 19.06 |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 11.15 |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 99.31 |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 28.53 |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 27.49 |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 5.52 |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 11.03 |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 1.34 |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 12.46 |
| 10 | Pangaea Logistics Solutions | 535.14 Mn | 429.46 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 2.47 |
| Sep 30, 2023 | 4.58 |
| Jun 30, 2023 | 1.92 |
| Mar 31, 2023 | 1.51 |
| Dec 31, 2022 | 4.35 |
| Sep 30, 2022 | 6.91 |
| Jun 30, 2022 | 9.84 |
| Mar 31, 2022 | 5.85 |
| Dec 31, 2021 | 9.33 |
| Sep 30, 2021 | 10.67 |
| Jun 30, 2021 | 6.19 |
| Mar 31, 2021 | 3.25 |
| Dec 31, 2020 | 4.61 |
| Sep 30, 2020 | 5.00 |
| Jun 30, 2020 | 1.90 |
| Mar 31, 2020 | -1.10 |
| Dec 31, 2019 | -0.38 |
| Sep 30, 2019 | 5.20 |
| Jun 30, 2019 | 3.24 |
| Mar 31, 2019 | 1.95 |