Pangaea Logistics Solutions (STU:PGA) Accounts Payable & Accrued Expense : €35.7 Mil (As of Mar. 2025)

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What is Pangaea Logistics Solutions Accounts Payable & Accrued Expense?

Pangaea Logistics Solutions's quarterly accounts payable & accrued expense increased from Sep. 2024 (€37.3 Mil) to Dec. 2024 (€46.8 Mil) but then declined from Dec. 2024 (€46.8 Mil) to Mar. 2025 (€35.7 Mil).

Pangaea Logistics Solutions's annual accounts payable & accrued expense declined from Dec. 2022 (€30.8 Mil) to Dec. 2023 (€29.9 Mil) but then increased from Dec. 2023 (€29.9 Mil) to Dec. 2024 (€46.8 Mil).

Pangaea Logistics Solutions Accounts Payable & Accrued Expense Historical Data

The historical data trend for Pangaea Logistics Solutions's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

Pangaea Logistics Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

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24.20

35.50

30.83

29.88

46.77

Pangaea Logistics Solutions Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															25.17	31.89	37.29	46.77	35.68

Pangaea Logistics Solutions Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Pangaea Logistics Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (STU:PGA) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

PANL:USA

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 logistics and transportation services. It transports various drybulk cargoes including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels in the Handymax, Supramax, Ultramax, Panamax, and Post-Panamax segments. Its 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. Geographically, it derives key revenue from the United States, followed by Canada, Germany, and others.

Pangaea Logistics Solutions Headlines

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