Genco Shipping & Trading Limited

NYSE:GNK Stock Report

Market Cap: US$856.7m

Genco Shipping & Trading Balance Sheet Health

Financial Health criteria checks 3/6

Genco Shipping & Trading has a total shareholder equity of $914.6M and total debt of $190.2M, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are $1.1B and $227.3M respectively. Genco Shipping & Trading's EBIT is $35.9M making its interest coverage ratio 5.9. It has cash and short-term investments of $47.1M.

Key information

20.8%

Debt to equity ratio

US$190.17m

Debt

Interest coverage ratio5.9x
CashUS$47.11m
EquityUS$914.65m
Total liabilitiesUS$227.26m
Total assetsUS$1.14b

Recent financial health updates

Recent updates

Genco Shipping: FQ4'23 Dividends May Disappoint - You May Have Missed The Boat

Jan 27

Genco Shipping & Trading Limited's (NYSE:GNK) Shareholders Might Be Looking For Exit

Jan 25
Genco Shipping & Trading Limited's (NYSE:GNK) Shareholders Might Be Looking For Exit

Genco Shipping: A Quality Company With Excellent Financials And Attractive Dividend Yields

Jan 09

Returns At Genco Shipping & Trading (NYSE:GNK) Are On The Way Up

Dec 08
Returns At Genco Shipping & Trading (NYSE:GNK) Are On The Way Up

Genco Shipping: A Fine Hold, No Need To Rush

Dec 07

Genco Shipping Is Still A Great Value Play

Oct 11

Genco Shipping: Fuel Risks Are Still Outweighed By The Management's Competence

Oct 04

Genco Shipping: Some Risk But Great Potential

Aug 18

Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%

Aug 07
Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%

Genco Shipping: Yield Of 13% And Improving Prospects

Jun 12

Genco Shipping: Dividends Likely To Stay Strong Despite Challenging Market

May 31

Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?

May 03
Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?

Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital

Apr 14
Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital

Genco Shipping: Dividend Play With Upside Potential

Feb 21

Genco Shipping: Pause The Optimism Here - Potential Volatility Ahead

Feb 15

We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease

Jan 21
We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease

Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?

Dec 26
Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?

Genco Shipping: 18% Yield, Low Debt, Low Breakeven

Dec 09

Genco Shipping: Still A Buy Despite The 33% Recovery - Yields Above 4Y Average

Nov 16

Genco Shipping: Potential 44.5% Annualized Return

Oct 18

Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly

Sep 28
Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly

Genco Shipping: The Dividend Yields Could Move Much Higher - It's Time To Board

Sep 14

Genco Shipping Stock: Why You Should Get On Board At Current Levels

Aug 31

Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital

Aug 31
Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital

Genco Shipping: 11% Yield, Low Debt, Higher Dividends Ahead

Aug 12

Genco Shipping slides after second quarter earnings, TCE outlook

Aug 04

Genco Shipping: New Dividend Policy In Full Swing (Podcast Transcript)

Jul 26

Is Genco Shipping & Trading Limited (NYSE:GNK) Potentially Undervalued?

Jul 05
Is Genco Shipping & Trading Limited (NYSE:GNK) Potentially Undervalued?

Genco: Solid Dividends And Balance Sheet

Jun 26

Genco Shipping: 12% Yield, Low Debt, Very Strong Earnings

Jun 05

Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?

Apr 28
Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?

Genco Shipping: A High Yielding Solid Buy

Apr 16

Returns On Capital Are Showing Encouraging Signs At Genco Shipping & Trading (NYSE:GNK)

Apr 09
Returns On Capital Are Showing Encouraging Signs At Genco Shipping & Trading (NYSE:GNK)

Financial Position Analysis

Short Term Liabilities: GNK's short term assets ($157.3M) exceed its short term liabilities ($35.3M).

Long Term Liabilities: GNK's short term assets ($157.3M) do not cover its long term liabilities ($192.0M).


Debt to Equity History and Analysis

Debt Level: GNK's net debt to equity ratio (15.6%) is considered satisfactory.

Reducing Debt: GNK's debt to equity ratio has reduced from 50.8% to 20.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if GNK has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GNK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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