Pangaea Logistics Solutions Ltd.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $103.1M | $86.8M | $99.0M | $128.4M | $56.2M | $46.9M | $50.6M | $53.6M |
| Accounts Receivable | $55.9M | $42.4M | $47.9M | $36.8M | $54.3M | $29.2M | $28.3M | $28.5M |
| Inventory | $28.4M | $32.8M | $16.6M | $29.1M | $27.1M | $16.0M | $21.0M | $19.2M |
| Total Current Assets | $215.8M | $192.0M | $191.8M | $222.5M | $184.0M | $111.3M | $128.0M | $113.5M |
| Property, Plant & Equipment | $677.5M | $707.8M | $474.3M | $476.5M | $471.9M | $276.7M | $281.5M | $281.9M |
| Goodwill | $3.1M | $3.1M | $3.1M | $0 | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $1.7M | $1.2M | — | — | — | — | — | — |
| Total Assets | $928.1M | $936.5M | $705.2M | $748.2M | $707.0M | $450.4M | $479.9M | $453.5M |
| Liabilities | ||||||||
| Accounts Payable | $14.3M | $14.8M | $6.3M | $10.0M | $7.0M | $18.7M | $24.2M | $19.9M |
| Total Current Liabilities | $128.0M | $109.1M | $105.3M | $92.2M | $111.7M | $110.8M | $90.9M | $79.0M |
| Long-Term Debt | $97.2M | $129.3M | $99.2M | — | — | — | $83.6M | $95.4M |
| Total Liabilities | $498.8M | $508.6M | $381.3M | $434.0M | $459.8M | $267.6M | $309.7M | $291.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $172.3M | $169.2M | $159.0M | $151.3M | $85.7M | $23.2M | $12.7M | $5.7M |
| Total Stockholders' Equity | $429.3M | $427.8M | $323.9M | $314.2M | $247.2M | $182.8M | $170.2M | $161.7M |