Pangaea Logistics Solutions Denmark A/S — Credit Rating and Financial Key Figures

Pangaea Logistics Solutions Denmark A/S (CVR number: 32081487) is a company from GENTOFTE. The company reported a net sales of 195.3 mUSD in 2023, demonstrating a decline of -46.7 % compared to the previous year. The operating profit percentage was poor at -0.5 % (EBIT: -0.9 mUSD), while net earnings were -1991 kUSD. The profitability of the company measured by Return on Assets (ROA) was -0.3 %, which can be considered poor and Return on Equity (ROE) was -5.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Pangaea Logistics Solutions Denmark A/S's liquidity measured by quick ratio was 4.4 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.