To the full analysis
Genco Shipping & Trading stock: balance sheet and debt
GNKGenco Shipping & Trading has a debt to equity ratio of 0.22 and an interest coverage of 0.6x.
Daily figure as of 13 Nov 2026
Debt / Equity
0.22
Interest coverage
0.6x
Current ratio
2.34
Cash & equivalents
$55.54M
Total assets
$1.14B
Equity ratio
78.9%
Goodwill
not reported separately
Net debt
$144.62M
Total assets and equity ratio
How large the balance sheet of Genco Shipping & Trading Limited is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $578.26M | not reported separately | not reported separately | 61.1% | $138.38M |
| 2007 | $1.65B | not reported separately | not reported separately | 37.6% | $696.98M |
| 2008 | $1.99B | not reported separately | not reported separately | 35.0% | $1.05B |
| 2009 | $2.34B | not reported separately | not reported separately | 39.8% | $1.14B |
| 2010 | $3.18B | not reported separately | not reported separately | 42.4% | $1.48B |
| 2011 | $3.12B | not reported separately | not reported separately | 43.7% | $1.47B |
| 2012 | $2.84B | not reported separately | not reported separately | 44.4% | $1.45B |
| 2013 | $2.96B | not reported separately | not reported separately | 44.3% | $1.48B |
| 2014 | $1.75B | not reported separately | not reported separately | 73.8% | $347.11M |
| 2015 | $1.72B | not reported separately | not reported separately | 64.1% | $468.51M |
| 2016 | $1.57B | not reported separately | not reported separately | 65.7% | $381.49M |
| 2017 | $1.52B | not reported separately | not reported separately | 64.1% | $343.5M |
| 2018 | $1.63B | not reported separately | not reported separately | 64.7% | $341.12M |
| 2019 | $1.53B | not reported separately | not reported separately | 64.0% | $338.34M |
| 2020 | $1.23B | not reported separately | not reported separately | 60.4% | $305.53M |
| 2021 | $1.2B | not reported separately | not reported separately | 76.2% | $131.72M |
| 2022 | $1.17B | not reported separately | not reported separately | 82.5% | $112.98M |
| 2023 | $1.14B | not reported separately | not reported separately | 80.1% | $147.72M |
| 2024 | $1.06B | not reported separately | not reported separately | 87.9% | $45.53M |
| 2025 | $1.14B | not reported separately | not reported separately | 78.9% | $144.62M |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $73.55M | $353.53M | $211.93M | 0.6 |
| 2007 | $239.02M | $622.19M | $936M | 1.5 |
| 2008 | $124.96M | $696.48M | $1.17B | 1.68 |
| 2009 | $188.27M | $928.93M | $1.33B | 1.43 |
| 2010 | $270.88M | $1.13B | $1.75B | 1.3 |
| 2011 | $227.97M | $1.15B | $1.69B | 1.24 |
| 2012 | $72.6M | $1.07B | $1.53B | 1.21 |
| 2013 | $122.72M | $967.47M | $1.6B | 1.22 |
| 2014 | $83.41M | $1.02B | $430.53M | 0.33 |
| 2015 | $121.07M | $1.11B | $589.58M | 0.53 |
| 2016 | $133.4M | $1.03B | $514.89M | 0.5 |
| 2017 | $174.48M | $975.03M | $517.98M | 0.53 |
| 2018 | $197.5M | $1.05B | $538.62M | 0.51 |
| 2019 | $155.89M | $978.43M | $494.23M | 0.51 |
| 2020 | $143.87M | $744.99M | $449.4M | 0.6 |
| 2021 | $114.57M | $916.59M | $246.29M | 0.27 |
| 2022 | $58.14M | $967.43M | $171.12M | 0.18 |
| 2023 | $46.54M | $913.26M | $194.27M | 0.21 |
| 2024 | $43.69M | $926.74M | $89.22M | 0.1 |
| 2025 | $55.54M | $896.48M | $200.16M | 0.22 |
Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 5 Nov 2026)
- Valuation signal Fairly valued since 13 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.