Genco Shipping & Trading's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.3 Mil. Genco Shipping & Trading's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $192.0 Mil. Genco Shipping & Trading's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $913.3 Mil.
Genco Shipping & Trading's debt to equity for the quarter that ended in Dec. 2023 was 0.21.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Genco Shipping & Trading's Debt-to-Equity or its related term are showing as below:
GNK'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.5 Max: 0.6
Current: 0.21
During the past 13 years, the highest Debt-to-Equity Ratio of Genco Shipping & Trading was 0.60. The lowest was 0.18. And the median was 0.50.
Genco Shipping & Trading Debt-to-Equity Historical Data
The historical data trend for Genco Shipping & Trading's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Genco Shipping & Trading Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
0.51 |
0.60 |
0.27 |
0.18 |
0.21 |
|
Genco Shipping & Trading Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.18 |
0.17 |
0.16 |
0.16 |
0.21 |
Competitive Comparison
For the Marine Shipping subindustry, Genco Shipping & Trading's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Genco Shipping & Trading Debt-to-Equity Distribution
For the Transportation industry and Industrials sector, Genco Shipping & Trading's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Genco Shipping & Trading's Debt-to-Equity falls into.
Genco Shipping & Trading Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Genco Shipping & Trading's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Genco Shipping & Trading's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Genco Shipping & Trading (Genco Shipping & Trading) Business Description
Traded in Other Exchanges
Address
299 Park Avenue, 12th Floor, New York, NY, USA, 10171
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
Executives
| Peter George Allen |
officer: Chief Financial Officer |
GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
| Arthur L Regan |
director |
C/O ARLINGTON TANKERS LTD, THE HAYWARD BUILDING 22 BERMUDIANA ROAD, HAMILTON HM 11 D0 -- |
| Jesper Christensen |
officer: Chief Commercial Officer |
GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
| Robert E Hughes |
officer: Chief Operations Officer |
GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171 |
| Apostolos Zafolias |
officer: Chief Financial Officer |
GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
| John C Wobensmith |
officer: Chief Financial Officer |
35 WEST 56TH STREET, NEW YORK NY 10019 |
| Joseph Adamo |
officer: Chief Accounting Officer |
GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
| Ccp Ii Cayman Gp Ltd. |
10 percent owner |
375 PARK AVE, 12TH FLOOR, NEW YORK NY 10152 |
| Centerbridge Credit Partners, L.p. |
10 percent owner |
375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152 |
| Karin Y Orsel |
director |
HOGELANDSTERWEG 14, FARMSUM P7 9936 BH |
| Apollo Management Holdings Gp, Llc |
10 percent owner |
9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
| Strategic Value Partners, Llc |
10 percent owner |
100 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
| Daniel Han |
director |
GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171 |
| Kathleen C Haines |
director |
P.O. BOX 385, COS COB CT 06807 |
| Christoph O Majeske |
director |
17001 NORTHCHASE DR., STE. 100, HOUSTON TX 77060 |
Genco Shipping & Trading (Genco Shipping & Trading) Headlines
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