As of May 31, 2025, Pangaea Logistics Solutions Ltd (PANL) reports a Current Ratio of 1.76.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Pangaea Logistics Solutions Ltd's Current Ratio
Over recent years, Pangaea Logistics Solutions Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.76 |
| 2023-12-31 | 1.82 |
| 2022-12-31 | 2.41 |
| 2021-12-31 | 1.65 |
| 2020-12-31 | 1.00 |
This slight downward trend highlights how Pangaea Logistics Solutions Ltd manages its short-term assets and liabilities over time.
Comparing Pangaea Logistics Solutions Ltd's Current Ratio to Peers
To better understand Pangaea Logistics Solutions Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Pangaea Logistics Solutions Ltd (PANL) | 1.76 |
| Performance Shipping Inc (PSHG) | 5.29 |
| Danaos Corp (DAC) | 3.97 |
| Castor Maritime Inc (CTRM) | 3.94 |
| Eneti Inc (NETI) | 3.87 |
| Pyxis Tankers Inc (PXS) | 3.76 |
Compared to its competitors, Pangaea Logistics Solutions Ltd's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.