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Pangaea Logistics Solutions PANL Payment For Purchase of Vessels

Payment For Purchase of Vessels at other companies

International Seaways, Inc. logo
International Seaways, Inc.INSW
$70.66M-14.8%
Dorian LPG logo
Dorian LPGLPG
$64.18M+383%
Genco Shipping & Trading logo
Genco Shipping & TradingGNK
$133.85M+4,605%
Distribution Solutions Group, Inc. logo
Distribution Solutions Group, Inc.DSGR
$0-100%
Innovex International logo
Innovex InternationalINVX
$5.83M-17.4%
International Money Express logo
International Money ExpressIMXI
$0-100%

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:PaymentForPurchaseOfVessels.

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 purchase of vessels?
Pangaea Logistics Solutions (PANL) reported payment for purchase of vessels of $1.81M in Q1 2026.
How has Pangaea Logistics Solutions's payment for purchase of vessels changed year-over-year?
Pangaea Logistics Solutions's payment for purchase of vessels increased by 3022.4% year-over-year, from $58K to $1.81M.
What is the long-term trend for Pangaea Logistics Solutions's payment for purchase of vessels?
Over 3 years (2021 to 2024), Pangaea Logistics Solutions's payment for purchase of vessels has grown at a -29.1% compound annual growth rate (CAGR), from $194.62M to $69.27M.
What does payment for purchase of vessels mean?
This represents the cash outflow associated with the acquisition of new or used vessels to expand or modernize the shipping fleet. It is a primary indicator of capital expenditure intensity and the company's commitment to fleet growth. Monitoring this helps investors assess the company's strategy for capacity expansion and asset replacement.