Genco Shipping & Trading Balance Sheet Health
Financial Health criteria checks 6/6
Genco Shipping & Trading has a total shareholder equity of $931.6M and total debt of $71.7M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $1.0B and $112.9M respectively. Genco Shipping & Trading's EBIT is $83.0M making its interest coverage ratio 8.3. It has cash and short-term investments of $46.7M.
Key information
7.7%
Debt to equity ratio
US$71.67m
Debt
| Interest coverage ratio | 8.3x |
| Cash | US$46.67m |
| Equity | US$931.62m |
| Total liabilities | US$112.88m |
| Total assets | US$1.04b |
Recent financial health updates
Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?
Oct 25
Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt?
Jul 11We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease
Jan 21Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly
Sep 28Recent updates
Is It Too Late To Consider Buying Genco Shipping & Trading Limited (NYSE:GNK)?
Dec 02Genco Shipping & Trading (NYSE:GNK) Is Paying Out A Larger Dividend Than Last Year
Nov 10Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?
Oct 25Genco Shipping: A Great Platform To Weather Market Uncertainty
Oct 10Risks To Shareholder Returns Are Elevated At These Prices For Genco Shipping & Trading Limited (NYSE:GNK)
Oct 10Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
Sep 25Genco's Unique Dividend Structure May Hold Promise For Income Investors
Sep 10Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt?
Jul 11Genco Shipping: Disciplined Strategy, Good Dividend Investment
Jun 21Genco Shipping & Trading Limited (NYSE:GNK) Investors Are Less Pessimistic Than Expected
Jun 15Genco Shipping & Trading's (NYSE:GNK) Upcoming Dividend Will Be Larger Than Last Year's
May 12Genco Shipping: FQ4'23 Dividends May Disappoint - You May Have Missed The Boat
Jan 27Genco Shipping & Trading Limited's (NYSE:GNK) Shareholders Might Be Looking For Exit
Jan 25Genco Shipping: A Quality Company With Excellent Financials And Attractive Dividend Yields
Jan 09Returns At Genco Shipping & Trading (NYSE:GNK) Are On The Way Up
Dec 08Genco Shipping: A Fine Hold, No Need To Rush
Dec 07Genco Shipping Is Still A Great Value Play
Oct 11Genco Shipping: Fuel Risks Are Still Outweighed By The Management's Competence
Oct 04Genco Shipping: Some Risk But Great Potential
Aug 18Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%
Aug 07Genco Shipping: Yield Of 13% And Improving Prospects
Jun 12Genco Shipping: Dividends Likely To Stay Strong Despite Challenging Market
May 31Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?
May 03Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
Apr 14Genco Shipping: Dividend Play With Upside Potential
Feb 21Genco Shipping: Pause The Optimism Here - Potential Volatility Ahead
Feb 15We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease
Jan 21Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?
Dec 26Genco Shipping: 18% Yield, Low Debt, Low Breakeven
Dec 09Genco Shipping: Still A Buy Despite The 33% Recovery - Yields Above 4Y Average
Nov 16Genco Shipping: Potential 44.5% Annualized Return
Oct 18Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly
Sep 28Genco Shipping: The Dividend Yields Could Move Much Higher - It's Time To Board
Sep 14Genco Shipping Stock: Why You Should Get On Board At Current Levels
Aug 31Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital
Aug 31Financial Position Analysis
Short Term Liabilities: GNK's short term assets ($127.5M) exceed its short term liabilities ($41.2M).
Long Term Liabilities: GNK's short term assets ($127.5M) exceed its long term liabilities ($71.7M).
Debt to Equity History and Analysis
Debt Level: GNK's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: GNK's debt to equity ratio has reduced from 50.6% to 7.7% over the past 5 years.
Debt Coverage: GNK's debt is well covered by operating cash flow (190.4%).
Interest Coverage: GNK's interest payments on its debt are well covered by EBIT (8.3x coverage).