Company Information

  

Address: 109 LONG WHARF  
City: NEWPORT 
State: RI 
Zip Code: 02840 
Telephone: 401 846 7790 

Description of Business

Primary SIC Code: 4412
(As filed with the SEC)  

Pangaea Logistics Solutions Ltd. and its subsidiaries (collectively, "Pangaea" or the "Company") provides seaborne drybulk logistics and transportation services. Pangaea utilizes its logistics expertise to service a broad base of industrial customers who require the transportation of a wide variety of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company addresses the logistics needs of its customers by undertaking a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning, and vessel technical management. Since 2016, the Company has participated in the development and expansion of a major port on the United States' east coast and has delivered approximately 3.6 million tons of construction material to the port since entering the contract.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.26NA10.19
12/20170.20NA18.40
09/2017-0.11NAN/E
06/2017-0.14NAN/E
03/20170.01NA341.00
12/20160.00NAN/E
09/20160.07NA35.71
06/2016-0.01NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.05Total Liab/Total Assets0.66
Net Inc/Total Assets0.02Total Liab/Inv Cap0.85
Net Inc/Inv Cap0.02Total Liab/Comm Equity1.79
Pretax Inc/Net Sales0.02Interest Coverage Ratio2.10
Net Inc/Net Sales0.02Curr Debt/Equity0.19
Cash Flow/Net Sales0.08LTD/Equity0.98
SG&A/NetSales0.04Total Debt/Equity1.17
Asset Utilization   Liquidity  
Net Receivables Turnover20.77Quick Ratio0.97
Inventory Turnover23.10Current Ratio1.19
Inventory Day Sales0.06Net Rec/Curr Assets0.25
Net Sales/Work Cap29.62Inv/Curr Assets0.18
Net Sales/PP&E1.15  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 78.97 102.19 107.02 91.42
Cost of Goods Sold 62.71 87.74 88.21 80.85
Selling & Admin Exps 4.13 3.74 4.76 3.14
Operating Income 7.79 6.69 10.02 -1.19
Interest Exp 2.12 2.05 2.19 2.32
Pretax Income 5.54 4.52 8.76 -4.18
Other Income -0.13 -0.11 0.85 -5.58
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.32 4.02 7.18 -4.74

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 28.21 34.53 33.34 33.44
Receivables - Total 21.68 21.09 30.92 26.65
Inventories - Total 14.29 15.36 16.47 14.94
Total Current Assets 73.98 83.01 94.19 84.97
Net Property, Plant & Equipment 333.82 336.29 321.12 324.37
Total Assets 411.80 423.30 415.31 409.34
Liabilities        
Accounts Payable 28.13 36.42 37.40 41.97
Debt in Current Liabilities 24.99 27.77 26.52 26.93
Total Current Liabilities 59.70 70.01 71.83 75.80
Long-Term Debt 137.72 142.63 138.90 143.61
Total Liabilities 263.93 277.95 274.14 281.24
Stockholder's Equity        
Minority Interest 66.51 65.30 63.41 61.83
Preferred Stock 0.00 0.00 0.00 NA
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings -7.69 -9.60 -13.62 -20.80
Treasury Stock NA NA NA NA
Total Stockholders' Equity 147.87 145.35 141.17 128.09
Total Liabilities and Stockholders' Equity 411.80 423.30 415.31 409.34

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 2.79 15.48 5.39 5.92
Net Cash Provided by Investing Activities -0.38 -16.39 -0.47 -8.99
Net Cash Provided by Financing Activities -8.74 6.11 -5.03 10.78

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013392.4715.45--
12/2014398.28-12.13--
12/2015287.3311.280.32
12/2016238.027.460.00
12/2017385.097.810.20
Growth Rates-0.47----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/182312,31327.95




Report Date : 7/16/2018

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