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Pangaea Logistics Solutions (STU:PGA) Debt-to-Asset : 0.42 (As of Dec. 2024)


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What is Pangaea Logistics Solutions Debt-to-Asset?

Pangaea Logistics Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €42.7 Mil. Pangaea Logistics Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €336.8 Mil. Pangaea Logistics Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was €894.3 Mil. Pangaea Logistics Solutions's debt to asset for the quarter that ended in Dec. 2024 was 0.42.

Pangaea Logistics Solutions Debt-to-Asset Historical Data

The historical data trend for Pangaea Logistics Solutions's Debt-to-Asset 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.

* Premium members only.

Pangaea Logistics Solutions Debt-to-Asset Chart

Pangaea Logistics Solutions Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.43 0.40 0.38 0.42

Pangaea Logistics Solutions Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.37 0.36 0.39 0.42

Competitive Comparison of Pangaea Logistics Solutions's Debt-to-Asset

For the Marine Shipping subindustry, Pangaea Logistics Solutions's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pangaea Logistics Solutions's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pangaea Logistics Solutions's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Pangaea Logistics Solutions's Debt-to-Asset falls into.


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Pangaea Logistics Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Pangaea Logistics Solutions's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(42.676 + 336.814) / 894.316
=0.42

Pangaea Logistics Solutions's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(42.676 + 336.814) / 894.316
=0.42

* 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.

Pangaea Logistics Solutions  (STU:PGA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Pangaea Logistics Solutions Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Pangaea Logistics Solutions's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Pangaea Logistics Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (STU:PGA) » Definitions » Debt-to-Asset
Comparable Companies
ESEA GASS SB DSX ASC HMR HTCO UFG NCT SMHI BOM:532921 HKSE:01919 XTER:HLAG OCSE:MAERSK B SHSE:600018 TSE:9101 TPE:2603 XKRX:011200 TSE:9104 PHS:ICT
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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