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 ratio | 5.9x |
Cash | US$47.11m |
Equity | US$914.65m |
Total liabilities | US$227.26m |
Total assets | US$1.14b |
Recent financial health updates
We 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 28Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?
Apr 28Recent updates
Genco 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 31Genco Shipping: 11% Yield, Low Debt, Higher Dividends Ahead
Aug 12Genco Shipping slides after second quarter earnings, TCE outlook
Aug 04Genco Shipping: New Dividend Policy In Full Swing (Podcast Transcript)
Jul 26Is Genco Shipping & Trading Limited (NYSE:GNK) Potentially Undervalued?
Jul 05Genco: Solid Dividends And Balance Sheet
Jun 26Genco Shipping: 12% Yield, Low Debt, Very Strong Earnings
Jun 05Does Genco Shipping & Trading (NYSE:GNK) Have A Healthy Balance Sheet?
Apr 28Genco Shipping: A High Yielding Solid Buy
Apr 16Returns On Capital Are Showing Encouraging Signs At Genco Shipping & Trading (NYSE:GNK)
Apr 09Financial 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.