Performance Shipping Accounts Payables 2011-2026 | PSHG

Accounts payable — are the obligations of an organization to other legal entities or individuals that arise in cases when the company has acquired goods or services on deferred payment terms, has not paid taxes and fees, has wage arrears to employees, or has received loans and other liabilities. Accounts payable arise when an organization has already received some benefit but has not yet paid for it.

Main types of accounts payable

Type of liability	Example
To suppliers and contractors	Goods received but not yet paid for
Taxes and fees	VAT, income tax, etc., not paid on time
Salaries	Employee wages not paid
To budgets	Insurance contributions to funds not paid
To founders	Founders provided borrowed funds
To banks	Overdue loan payments
Other	Fines, penalties, forfeits, customer prepayments, etc.

Impact on the company's financial performance

Liquidity and solvency
Accounts payable are part of short-term liabilities, so they affect liquidity ratios
Financial stability
The higher the share of borrowed funds (including accounts payable), the lower the company's level of independence
Capital turnover
Moderate accounts payable can positively affect working capital by allowing the company to use “free” financing from suppliers (payment deferrals)
Risks and reputation
Large and especially overdue accounts payable may indicate financial difficulties. This can deter investors, partners, and lenders, and at a critical level of debt and lack of resources to repay it, bankruptcy proceedings may be initiated

Annual Accounts Payables Performance Shipping

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
2.21 M	4.63 M	4.58 M	5.74 M	1.47 M	1.97 M	1.19 M	1.72 M	1.47 M	2.71 M	1.81 M	1.74 M	2.67 M	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
5.74 M	1.19 M	2.61 M

Quarterly Accounts Payables Performance Shipping

2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	5.74 M	-	2.49 M	-	1.47 M	-	-	-	1.32 M	-	-	-	1.19 M	-	1.48 M	-	1.72 M	-	2.44 M	-	1.47 M	-	2.35 M	-	2.71 M	-	3.22 M	-	1.81 M	-	1.64 M	-	1.74 M	-	2.19 M	-	2.67 M	-	-	-	1.92 M	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
5.74 M	1.19 M	2.2 M

Accounts Payables of other stocks in the Marine shipping industry

Issuer	Accounts Payables	Price	% 24h	Market Cap	Country
Capital Product Partners L.P. CPLP	3.54 M	-	2.13 %	$ 355 B	Greece
Costamare CMRE	49.4 M	$ 16.75	-0.21 %	$ 2 B	Greece
Danaos Corporation DAC	29 M	$ 111.28	2.54 %	$ 2.15 B	Greece
Diana Shipping DSX	8.99 M	$ 2.54	-2.31 %	$ 295 M	Greece
EuroDry Ltd. EDRY	2.67 M	$ 20.03	0.91 %	$ 54.6 M	Greece
Eagle Bulk Shipping EGLE	21.2 M	-	-2.29 %	$ 678 M	USA
Flex LNG Ltd. FLNG	3.37 M	$ 27.71	-	$ 1.5 B	Bermuda
StealthGas GASS	11 M	$ 8.52	3.4 %	$ 300 M	Greece
Euroseas Ltd. ESEA	5.75 M	$ 62.01	1.66 %	$ 430 M	Greece
Pyxis Tankers PXS	2.11 M	$ 3.93	2.75 %	$ 41.4 M	Greece
Safe Bulkers SB	13.5 M	$ 6.35	2.67 %	$ 683 M	Monaco
Ardmore Shipping Corporation ASC	8.58 M	$ 15.3	2.2 %	$ 637 M	Bermuda
KNOT Offshore Partners LP KNOP	3.85 M	$ 10.43	1.56 %	$ 353 M	Britain
Genco Shipping & Trading Limited GNK	18.6 M	$ 23.7	0.13 %	$ 1.03 B	USA
Huntington Ingalls Industries HII	556 M	$ 447.32	2.04 %	$ 17.6 B	USA
Castor Maritime CTRM	2.13 M	$ 2.24	0.68 %	$ 21.6 M	Cyprus
Nordic American Tankers Limited NAT	4.26 M	$ 4.99	1.22 %	$ 1.04 B	Bermuda
Navios Maritime Partners L.P. NMM	6.3 M	$ 68.56	0.37 %	$ 1.97 B	Greece
Star Bulk Carriers Corp. SBLK	32.9 M	$ 25.28	0.14 %	$ 2.7 B	Greece
Kirby Corporation KEX	219 M	$ 130.52	1.55 %	$ 7.27 B	USA
Matson MATX	247 M	$ 166.75	1.73 %	$ 5.62 B	USA
Seanergy Maritime Holdings Corp. SHIP	7.11 M	$ 14.13	4.28 %	$ 279 M	Greece
International Seaways INSW	5.83 M	$ 69.65	3.85 %	$ 3.43 B	USA
Navios Maritime Holdings NM	21.6 M	-	0.22 %	$ 51.7 M	Monaco
Pangaea Logistics Solutions, Ltd. PANL	6.28 M	$ 9.28	1.15 %	$ 416 M	USA
SEACOR Marine Holdings SMHI	29.2 M	$ 7.99	3.1 %	$ 221 M	USA
Top Ships TOPS	1.82 M	-	-1.67 %	$ 22.3 M	Greece