Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Genco Shipping & Trading's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $913.3 Mil. Genco Shipping & Trading's Total Assets for the quarter that ended in Dec. 2023 was $1,141.9 Mil.
Therefore, Genco Shipping & Trading's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.80.
The historical rank and industry rank for Genco Shipping & Trading's Equity-to-Asset or its related term are showing as below:
GNK'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.6 Med: 0.65 Max: 0.82
Current: 0.8
During the past 13 years, the highest Equity to Asset Ratio of Genco Shipping & Trading was 0.82. The lowest was 0.60. And the median was 0.65.
GNK's Equity-to-Asset is ranked better than 91.93% of 979
companies
in the Transportation industry
Industry Median: 0.49
vs GNK: 0.80
Genco Shipping & Trading Equity-to-Asset Historical Data
The historical data trend for Genco Shipping & Trading's Equity-to-Asset 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.
Competitive Comparison of Genco Shipping & Trading's Equity-to-Asset
For the Marine Shipping subindustry, Genco Shipping & Trading's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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's Equity-to-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Genco Shipping & Trading's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Genco Shipping & Trading's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Genco Shipping & Trading's Equity to Asset Ratio for the fiscal year 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Genco Shipping & Trading Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Genco Shipping & Trading's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Genco Shipping & Trading (Genco Shipping & Trading) Business Description
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.
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