Pyxis Tankers Long-Term Debt 2011-2026 | PXS

Long-term debt is a financial obligation of a company or an individual with a repayment period exceeding one year from the date it arises. In accounting, such obligations are recorded under the "long-term liabilities" section.

Main characteristics:

Term exceeds 12 months
Can take the form of bonds, bank loans, credit lines, leasing, or loans from affiliated parties
Repaid through regular payments (interest and/or principal) over several years

Why long-term debt is needed:

Investment in development
Allows financing of large projects — new factories, production lines, innovative developments — without diverting working capital.
Smoothing of cash flows
A long-term payment schedule facilitates budget planning and reduces short-term financial risks.
Optimization of capital structure
A combination of equity and borrowed capital can reduce the average cost of business financing.

A high level of long-term debt may indicate that a company heavily relies on borrowed funds. This increases risks, especially in conditions of rising interest rates or declining profits. However, a moderate level of debt can signal a sound growth strategy — for example, the company takes a loan to expand its business.

If a company uses borrowed funds effectively (e.g., invests in profitable projects), this can lead to profit growth and, consequently, an increase in stock value. An investor evaluates whether the investments made using debt are paying off.

It is important to monitor whether the company can regularly pay interest and repay the principal. Payment difficulties can lead to reduced dividends, a drop in stock value, and even bankruptcy.

Examples of long-term debt:

Mortgage loans for property purchases
Corporate bonds issued by a company to raise capital
Project financing — long-term loans for building or expanding production facilities
Leasing obligations for equipment or transport

Annual Long-Term Debt Pyxis Tankers

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
77 M	55.4 M	59 M	64.9 M	50.3 M	49.2 M	58.1 M	64.1 M	69.1 M	76 M	61.3 M	66.4 M	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
77 M	49.2 M	62.6 M

Quarterly Long-Term Debt Pyxis Tankers

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
-	-	-	-	64.9 M	-	-	-	50.3 M	-	48.2 M	-	49.2 M	-	55.9 M	-	58.1 M	59.2 M	-	-	59.1 M	60.7 M	-	-	66.6 M	-	-	-	73.5 M	-	-	-	61 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
73.5 M	48.2 M	58.9 M

Long-Term Debt of other stocks in the Marine shipping industry

Issuer	Long-Term Debt	Price	% 24h	Market Cap	Country
Capital Product Partners L.P. CPLP	2.45 B	-	2.13 %	$ 355 B	Greece
Kirby Corporation KEX	912 M	$ 132.44	1.28 %	$ 7.38 B	USA
Eagle Bulk Shipping EGLE	330 M	-	-2.29 %	$ 678 M	USA
Navios Maritime Containers L.P. NMCI	129 M	-	-	$ 300 M	Monaco
Danaos Corporation DAC	872 M	$ 114.95	0.75 %	$ 2.12 B	Greece
Ardmore Shipping Corporation ASC	127 M	$ 15.24	1.06 %	$ 619 M	Bermuda
Navios Maritime Partners L.P. NMM	229 M	$ 67.5	2.58 %	$ 1.93 B	Greece
Flex LNG Ltd. FLNG	1.34 B	$ 30.79	1.28 %	$ 1.66 B	Bermuda
EuroDry Ltd. EDRY	95.4 M	$ 17.61	-1.57 %	$ 48 M	Greece
International Seaways INSW	541 M	$ 70.74	1.08 %	$ 3.49 B	USA
Pangaea Logistics Solutions, Ltd. PANL	97.2 M	$ 6.96	0.22 %	$ 444 M	USA
Performance Shipping PSHG	47.5 M	$ 1.74	-0.57 %	$ 21.5 M	Greece
KNOT Offshore Partners LP KNOP	846 M	$ 9.77	-1.21 %	$ 330 M	Britain
Eneti NETI	52.3 M	-	-	$ 431 M	Monaco
Navios Maritime Holdings NM	651 M	-	0.22 %	$ 51.7 M	Monaco
Safe Bulkers SB	504 M	$ 6.32	0.88 %	$ 651 M	Monaco
Star Bulk Carriers Corp. SBLK	988 M	$ 22.89	0.31 %	$ 2.45 B	Greece
Nordic American Tankers Limited NAT	248 M	$ 5.55	1.56 %	$ 1.16 B	Bermuda
SEACOR Marine Holdings SMHI	305 M	$ 7.32	-2.01 %	$ 192 M	USA
Genco Shipping & Trading Limited GNK	189 M	$ 22.5	1.17 %	$ 976 M	USA
Matson MATX	351 M	$ 158.73	-0.79 %	$ 5.35 B	USA
Seanergy Maritime Holdings Corp. SHIP	220 M	$ 12.55	0.64 %	$ 248 M	Greece
Costamare CMRE	1.25 B	$ 17.41	0.4 %	$ 2.09 B	Greece
Euroseas Ltd. ESEA	168 M	$ 66.07	-0.21 %	$ 458 M	Greece
Globus Maritime Limited GLBS	30.9 M	$ 1.7	-2.86 %	$ 13.3 B	Greece
Diana Shipping DSX	473 M	$ 2.44	1.04 %	$ 270 M	Greece
Huntington Ingalls Industries HII	2.7 B	$ 396.0	-0.24 %	$ 15.6 B	USA
StealthGas GASS	61.6 M	$ 9.33	2.41 %	$ 329 M	Greece
Top Ships TOPS	245 M	-	-1.67 %	$ 22.3 M	Greece
Castor Maritime CTRM	11.1 M	$ 1.97	1.55 %	$ 19 M	Cyprus
Grindrod Shipping Holdings Ltd. GRIN	225 M	$ 27.31	-	$ 163 M	Singapore