Pangaea Logistics Solutions (Pangaea Logistics Solutions) Cash And Cash Equivalents : $99.0 Mil (As of Dec. 2023)

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What is Pangaea Logistics Solutions Cash And Cash Equivalents?

Pangaea Logistics Solutions's quarterly cash and cash equivalents increased from Jun. 2023 ($84.30 Mil) to Sep. 2023 ($87.36 Mil) and increased from Sep. 2023 ($87.36 Mil) to Dec. 2023 ($99.04 Mil).

Pangaea Logistics Solutions's annual cash and cash equivalents increased from Dec. 2021 ($56.21 Mil) to Dec. 2022 ($128.39 Mil) but then declined from Dec. 2022 ($128.39 Mil) to Dec. 2023 ($99.04 Mil).

Pangaea Logistics Solutions Cash And Cash Equivalents Historical Data

The historical data trend for Pangaea Logistics Solutions's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pangaea Logistics Solutions Cash And Cash Equivalents Chart

Pangaea Logistics Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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50.56

46.90

56.21

128.39

99.04

Pangaea Logistics Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															128.39	129.15	84.30	87.36	99.04

Pangaea Logistics Solutions Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Pangaea Logistics Solutions (NAS:PANL) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Pangaea Logistics Solutions Cash And Cash Equivalents Related Terms

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Pangaea Logistics Solutions (Pangaea Logistics Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (NAS:PANL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PGA:Germany

Address

C/o Phoenix Bulk Carriers (US) LLC, 109 Long Wharf, Newport, RI, USA, 02840

Website

https://www.pangaeals.com

Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.

Executives

David Sgro	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Petersen Mads Rosenber Boye	officer: Chief Operating Officer	109 LONG WHARF, NEWPORT RI 02840
Karen H Beachy	director	PO BOX 1400, RAPID CITY SD 57709
Pangaea One Acquisition Holdings Xiv, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, LLC, 505 FIFTH AVENUE, NEW YORK NY 10017
Gianni Delsignore	officer: Chief Financial Officer	257 WICKHAM ROAD, NORTH KINGSTOWN RI 02852
Mark L Filanowski	director	C/O MARINE TRANSPORT CORP, 1200 HARBOR BOULEVARD, WEEHAWKEN NJ 07087
Nam Trinh	director	505 FIFTH AVENUE, 15TH FLOOR, CARTESIAN CAPITAL GROUP, NEW YORK NY 10017
Anthony Laura	officer: See Remarks	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
Edward Coll	director, 10 percent owner, officer: Chief Executive Officer	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
L.p. Malemod,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Nypsun,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Leggonly,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Imfinno,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Pangaea One Gp, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017