Genco Shipping & Trading's quarterly market cap
declined
from Jun. 2023 ($596.7 Mil) to Sep. 2023 ($595.1 Mil) but then
increased
from Sep. 2023 ($595.1 Mil) to Dec. 2023 ($705.9 Mil).
Genco Shipping & Trading's annual market cap
declined
from Dec. 2021 ($670.8 Mil) to Dec. 2022 ($650.1 Mil) but then
increased
from Dec. 2022 ($650.1 Mil) to Dec. 2023 ($705.9 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Genco Shipping & Trading's Enterprise Value for Today is $1,069.0 Mil.
Genco Shipping & Trading Market Cap Historical Data
* 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 Market Cap
For the Marine Shipping subindustry, Genco Shipping & Trading's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Genco Shipping & Trading's Market Cap distribution charts can be found below:
* The bar in red indicates where Genco Shipping & Trading's Market Cap falls into.
Genco Shipping & Trading Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Genco Shipping & Trading's Market Cap 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.
Genco Shipping & Trading (NYSE:GNK) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Genco Shipping & Trading Market Cap Related Terms
Thank you for viewing the detailed overview of Genco Shipping & Trading's Market Cap 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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