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Pangaea Logistics Solutions PANL Payment For Drydocking Costs

Payment For Drydocking Costs at other companies

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$98.04M+10.7%
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$28.12M+1.1%

Other financials

Income statement

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Revenue$170.6M+38.9%
Operating income$10.5M+258%
Net income$13.3M+771%
EPS (diluted)$0.21+800%

Balance sheet

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Cash & equivalents$89.7M+40.3%
Total debt$42.3M+3.6%
Total equity$441.1M+4.8%
Total assets$950.7M+3.6%

Cash flow

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Operating cash flow$4.5M+203%
CapEx$1.1M+2,474%
Free cash flow$12.4M-24.6%

Valuation

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Market cap$455.29M+41.9%
Enterprise value$407.87M+37.0%
P/E13.1×-7.9×
P/S0.7×+0.1×

Profitability

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Operating margin7.1%-0.1pp
Net margin5.1%+2.3pp
FCF margin7.8%-4.4pp

Returns & leverage

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Return on equity8%+4.0pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Pangaea Logistics Solutions in its filing.

Tagged under the XBRL concept panl:PaymentForDrydockingCosts.

The official record: Pangaea Logistics Solutions’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pangaea Logistics Solutions's payment for drydocking costs?
Pangaea Logistics Solutions (PANL) reported payment for drydocking costs of $6.79M in Q1 2026.
How has Pangaea Logistics Solutions's payment for drydocking costs changed year-over-year?
Pangaea Logistics Solutions's payment for drydocking costs increased by 5.3% year-over-year, from $6.45M to $6.79M.
What is the long-term trend for Pangaea Logistics Solutions's payment for drydocking costs?
Over 4 years (2021 to 2025), Pangaea Logistics Solutions's payment for drydocking costs has grown at a 21.1% compound annual growth rate (CAGR), from $8.08M to $17.4M.
What does payment for drydocking costs mean?
This represents the cash outflows required for the mandatory periodic maintenance and inspection of vessels to ensure compliance with regulatory and safety standards. These costs are essential for maintaining the operational integrity and seaworthiness of the fleet. High expenditures in this category are necessary to prevent future operational downtime and ensure long-term asset utility.