Genco Shipping & Trading Balance Sheet Health
Financial Health criteria checks 5/6
Genco Shipping & Trading has a total shareholder equity of $916.6M and total debt of $160.7M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are $1.1B and $201.2M respectively. Genco Shipping & Trading's EBIT is $54.5M making its interest coverage ratio 6.8. It has cash and short-term investments of $48.4M.
Key information
17.5%
Debt to equity ratio
US$160.67m
Debt
Interest coverage ratio | 6.8x |
Cash | US$48.36m |
Equity | US$916.63m |
Total liabilities | US$201.18m |
Total assets | US$1.12b |
Recent financial health updates
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 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 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 05Financial Position Analysis
Short Term Liabilities: GNK's short term assets ($146.2M) exceed its short term liabilities ($39.3M).
Long Term Liabilities: GNK's short term assets ($146.2M) do not cover its long term liabilities ($161.9M).
Debt to Equity History and Analysis
Debt Level: GNK's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: GNK's debt to equity ratio has reduced from 49.6% to 17.5% over the past 5 years.
Debt Coverage: GNK's debt is well covered by operating cash flow (65%).
Interest Coverage: GNK's interest payments on its debt are well covered by EBIT (6.8x coverage).