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") is a provider of seaborne drybulk 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 transportation needs of its customers by undertaking a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. In 2016, the Company participated in the development and expansion of a major port on the United States' east coast and has delivered approximately 1.1 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
06/2017-0.14NAN/E
03/20170.01NA341.00
12/20160.00NAN/E
09/20160.07NA35.71
06/2016-0.01NAN/E
03/20160.13NA17.69
12/20150.32NA8.25

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.06Total Liab/Total Assets0.68
Net Inc/Total Assets0.02Total Liab/Inv Cap0.99
Net Inc/Inv Cap0.03Total Liab/Comm Equity1.84
Pretax Inc/Net Sales0.04Interest Coverage Ratio2.60
Net Inc/Net Sales0.03Curr Debt/Equity0.31
Cash Flow/Net Sales0.08LTD/Equity0.93
SG&A/NetSales0.05Total Debt/Equity1.23
Asset Utilization   Liquidity  
Net Receivables Turnover11.87Quick Ratio0.71
Inventory Turnover19.16Current Ratio0.88
Inventory Day Sales0.04Net Rec/Curr Assets0.30
Net Sales/Work Cap-25.50Inv/Curr Assets0.19
Net Sales/PP&E0.86  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 91.42 84.46 66.33 70.78
Cost of Goods Sold 80.85 73.06 58.33 56.31
Selling & Admin Exps 3.14 3.51 3.62 3.18
Operating Income -1.19 -0.36 0.85 7.77
Interest Exp 2.32 1.71 1.34 1.34
Pretax Income -4.18 -0.00 0.34 6.58
Other Income -5.58 -2.23 0.84 0.15
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -4.74 1.35 0.07 6.06

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 33.44 27.82 28.42 34.70
Receivables - Total 26.65 22.65 20.48 14.81
Inventories - Total 14.94 15.37 13.20 9.34
Total Current Assets 84.97 74.05 68.54 63.99
Net Property, Plant & Equipment 324.37 323.37 275.27 278.82
Total Assets 409.34 397.42 362.19 354.63
Liabilities        
Accounts Payable 41.97 34.59 35.86 32.33
Debt in Current Liabilities 26.93 32.68 35.60 30.58
Total Current Liabilities 75.80 74.61 77.88 66.43
Long-Term Debt 143.61 137.21 107.64 112.03
Total Liabilities 281.24 273.12 245.92 238.59
Stockholder's Equity        
Minority Interest 61.83 61.30 60.41 60.13
Preferred Stock NA NA 0.00 0.00
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings -20.80 -16.06 -17.41 -17.48
Treasury Stock NA NA NA NA
Total Stockholders' Equity 128.09 124.30 116.27 116.04
Total Liabilities and Stockholders' Equity 409.34 397.42 362.19 354.63

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 5.92 2.43 0.90 8.33
Net Cash Provided by Investing Activities -29.99 -17.71 -6.57 -3.26
Net Cash Provided by Financing Activities 31.78 14.68 -0.20 -9.31

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
Growth Rates-15.36----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/171012,54428.64




Report Date : 10/16/2017

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