Pangaea Logistics Solutions (STU:PGA) Cash And Cash Equivalents : €59.2 Mil (As of Mar. 2025)

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What is Pangaea Logistics Solutions Cash And Cash Equivalents?

Pangaea Logistics Solutions's quarterly cash and cash equivalents declined from Sep. 2024 (€83.90 Mil) to Dec. 2024 (€82.90 Mil) but then stayed the same from Dec. 2024 (€82.90 Mil) to Mar. 2025 (€59.15 Mil).

Pangaea Logistics Solutions's annual cash and cash equivalents declined from Dec. 2022 (€121.20 Mil) to Dec. 2023 (€90.82 Mil) and declined from Dec. 2023 (€90.82 Mil) to Dec. 2024 (€82.90 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

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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38.55

49.75

121.20

90.82

82.90

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
Cash And Cash Equivalents	Get a 7-Day Free Trial															88.20	72.41	83.90	82.90	59.15

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 (STU:PGA) 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 Business Description

Industry

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

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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.

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