Genco Shipping & Trading Limited (GNK) Balance Sheet
GNK balance sheet, 2025
December 31, 2025 · U.S. dollars$1.14B assets = $240.3M liabilities + $897.8M equity
Both columns are drawn to the same scale: what GNK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GNK financial health
Descriptive bands, not a rating. Fiscal 2025.
GNK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.57B2016 | $1.14B2025 | −3.5%/yr | |
| Total liabilities | $538.7M2016 | $240.3M2025 | −8.6%/yr | |
| Shareholders’ equity | $1.03B2016 | $896.5M2025 | −1.5%/yr | |
| Cash & short-term investments | $133.4M2016 | $55.5M2025 | −9.3%/yr | |
| Total debt | $514.9M2016 | $200.2M2025 | −10.0%/yr | |
| Net cash (debt) | −$381.5M2016 | −$144.6M2025 | +$236.9M | |
| Working capital | $143.7M2016 | $61.2M2025 | −$82.4M | |
| Book value per share | $28.472017 | $20.672025 | −3.9%/yr | |
| Current ratio | 5.962016 | 2.342025 | −3.62 | |
| Debt / equity | 0.502016 | 0.222025 | −0.28 | |
| Shares outstanding | 34.2M2017 | 43.4M2025 | +3.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GNK assets
GNK liabilities and equity
GNK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GNK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $55.5M | $43.7M | $46.5M | $58.1M | $114.6M | $143.9M | $155.9M | $197.5M | $174.5M | $133.4M |
| Cash & equivalents | $55.5M | $43.7M | $46.5M | $58.1M | $114.6M | $143.9M | $155.9M | $197.5M | $174.5M | $133.4M |
| Short-term investments | — | — | $572,000 | $6.3M | — | — | — | — | $7.2M | $8.2M |
| Receivables | $15.2M | $22.1M | $19.2M | $26.5M | $22.5M | $14.9M | $15.7M | $22.3M | $12.9M | $11.4M |
| Inventory | $25.3M | $22.2M | $26.7M | $21.6M | $24.6M | $21.6M | $27.2M | $29.5M | $16.0M | $9.6M |
| Other current assets | $10.8M | $10.0M | $64.8M | $19.2M | $13.2M | $66.8M | $24.4M | $21.1M | $13.9M | $18.2M |
| Total current assets | $106.9M | $98.0M | $157.3M | $125.4M | $174.8M | $247.2M | $223.2M | $270.5M | $217.2M | $172.6M |
| Property, plant & equipment (net) | $952.1M | $928.6M | $954.8M | $1.02B | $1.01B | $970.6M | $1.29B | $1.35B | $1.27B | $1.36B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $423,000 | $1.2M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $79.1M | $30.0M | $29.8M | $32.6M | $14.6M | $15.0M | $17.6M | $9.9M | $37.1M | $40.6M |
| Total assets | $1.14B | $1.06B | $1.14B | $1.17B | $1.20B | $1.23B | $1.53B | $1.63B | $1.52B | $1.57B |
| Liabilities | ||||||||||
| Accounts payable | $18.6M | $17.5M | $10.7M | $16.2M | $9.4M | $11.9M | $26.0M | $15.1M | $9.9M | $6.7M |
| Short-term debt | $0 | $1.5M | $2.3M | $2.1M | $1.9M | $82.4M | $71.4M | $66.3M | $24.5M | $4.6M |
| Deferred revenue | $8.8M | $4.7M | $8.7M | $5.0M | $10.1M | $8.4M | $6.6M | $6.4M | $4.7M | $1.5M |
| Total current liabilities | $45.7M | $40.7M | $35.3M | $36.5M | $41.9M | $113.6M | $127.7M | $101.9M | $52.4M | $28.9M |
| Long-term debt | $189.1M | $82.2M | $190.2M | $164.9M | $238.2M | $358.9M | $413.0M | $472.3M | $493.5M | $510.3M |
| Lease obligations | $5.5M | $7.0M | $4.1M | $6.2M | $8.1M | $9.8M | $11.5M | $3.5M | $2.6M | $1.9M |
| Other long-term liabilities | $5.5M | $5.5M | $1.8M | $4.1M | $6.2M | $15.3M | $9.8M | $0 | $0 | $0 |
| Total liabilities | $240.3M | $128.4M | $227.3M | $205.6M | $286.3M | $487.8M | $550.5M | $574.2M | $545.9M | $538.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $432,000 | $427,000 | $425,000 | $423,000 | $419,000 | $418,000 | $417,000 | $416,000 | $1.63B | $1.50B |
| Retained earnings (deficit) | −$569.1M | −$564.7M | −$641.1M | −$628.2M | −$786.8M | −$968.8M | −$743.3M | −$687.3M | −$653.7M | −$594.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $527,000 | $6.5M | $825,000 | $0 | $0 | −$245.8M | −$214.4M | −$163.8M |
| Minority interest | $1.3M | $1.5M | $1.4M | $876,000 | $88,000 | — | — | — | $0 | $0 |
| Total shareholders' equity | $896.5M | $926.7M | $913.3M | $967.4M | $916.6M | $745.0M | $978.4M | $1.05B | $975.0M | $1.03B |
| Key figures | ||||||||||
| Total debt | $200.2M | $89.2M | $194.3M | $171.1M | $246.3M | $449.4M | $494.2M | $538.6M | $518.0M | $514.9M |
| Net cash (debt) | −$144.6M | −$45.5M | −$147.7M | −$113.0M | −$131.7M | −$305.5M | −$338.3M | −$341.1M | −$343.5M | −$381.5M |
| Working capital | $61.2M | $57.3M | $122.0M | $88.9M | $132.9M | $133.6M | $95.5M | $168.6M | $164.8M | $143.7M |
| Tangible book value | $896.5M | $926.7M | $913.3M | $967.4M | $916.6M | $745.0M | $978.4M | $1.05B | $975.0M | $1.03B |
| Book value per share | $20.67 | $21.23 | $21.35 | $22.54 | $21.52 | $17.78 | $23.43 | $27.44 | $28.47 | — |
| Shares outstanding | 43.4M | 43.6M | 42.8M | 42.9M | 42.6M | 41.9M | 41.8M | 38.4M | 34.2M | — |
| Current ratio | 2.34 | 2.41 | 4.46 | 3.43 | 4.17 | 2.18 | 1.75 | 2.65 | 4.14 | 5.96 |
| Quick ratio | 1.55 | 1.62 | 1.86 | 2.32 | 3.27 | 1.40 | 1.34 | 2.16 | 3.57 | 5.00 |
| Debt / equity | 0.22 | 0.10 | 0.21 | 0.18 | 0.27 | 0.60 | 0.51 | 0.51 | 0.53 | 0.50 |
| Equity / assets | 78.8% | 87.7% | 80.0% | 82.4% | 76.2% | 60.4% | 64.0% | 64.7% | 64.1% | 65.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $73.6M | $54.77B | $55.5M | $90.0M | $35.4M | $30.2M | $43.7M | $46.7M | $42.0M | $48.4M | $46.5M | $46.3M |
| Cash & equivalents | $73.6M | $54.77B | $55.5M | $90.0M | $35.4M | $30.2M | $43.7M | $46.7M | $42.0M | $48.4M | $46.5M | $46.3M |
| Short-term investments | — | — | — | — | — | — | $43.65B | — | — | — | $572,000 | $2.4M |
| Receivables | $26.7M | $20.3M | $15.2M | $13.9M | $14.1M | $18.2M | $22.1M | $20.4M | $29.7M | $21.9M | $19.2M | $19.5M |
| Inventory | $25.5M | $22.86B | $25.3M | $21.5M | $20.5M | $23.3M | $22.2M | $24.9M | $24.4M | $30.6M | $26.7M | $27.6M |
| Other current assets | $10.5M | $43.04B | $10.8M | $7.8M | $9.0M | $9.7M | $10.0M | $35.5M | $39.8M | $45.3M | $64.8M | $18.2M |
| Total current assets | $136.3M | $120.69B | $106.9M | $133.3M | $79.0M | $81.5M | $98.0M | $127.5M | $135.9M | $146.2M | $157.3M | $111.5M |
| Property, plant & equipment (net) | $1.12B | $12.14B | $952.1M | $907.3M | $910.4M | $920.5M | $928.6M | $886.6M | $896.9M | $944.0M | $954.8M | $950.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $6.6M | $1.12T | $79.1M | $67.1M | $50.9M | $36.5M | $30.0M | $30.4M | $25.1M | $27.6M | $29.8M | $33.3M |
| Total assets | $1.26B | $1.25T | $1.14B | $1.11B | $1.04B | $1.04B | $1.06B | $1.04B | $1.06B | $1.12B | $1.14B | $1.09B |
| Liabilities | ||||||||||||
| Accounts payable | $38.1M | $15.9M | $18.6M | $20.3M | $17.5M | $16.4M | $17.5M | $14.0M | $11.5M | $14.5M | $10.7M | $10.8M |
| Short-term debt | — | — | $0 | $0 | $303,000 | $907,000 | $1.5M | $2.4M | $2.4M | $2.3M | $2.3M | $2.3M |
| Deferred revenue | $7.8M | $5.98B | $8.8M | $4.7M | $3.6M | $5.3M | $4.7M | $5.9M | $7.6M | $5.7M | $8.7M | $6.5M |
| Total current liabilities | $45.9M | $40.52B | $45.7M | $56.4M | $48.5M | $45.6M | $40.7M | $41.2M | $37.9M | $39.3M | $35.3M | $36.2M |
| Long-term debt | $319.5M | $318.9M | $189.1M | $158.5M | $93.0M | $82.7M | $82.2M | $71.7M | $96.2M | $160.7M | $190.2M | $140.0M |
| Lease obligations | $5.7M | $5.6M | $5.5M | $5.5M | $6.0M | $6.5M | $7.0M | $2.4M | $3.0M | $3.5M | $4.1M | $4.7M |
| Other long-term liabilities | $5.7M | $324.18B | $5.5M | $5.5M | $5.7M | $5.6M | $5.5M | $0 | $608,000 | $1.2M | $1.8M | $2.4M |
| Total liabilities | $371.1M | $365.01B | $240.3M | $220.3M | $147.2M | $133.9M | $128.4M | $112.9M | $134.7M | $201.2M | $227.3M | $178.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $436,000 | $435.0M | $432,000 | $432,000 | $429,000 | $429,000 | $427,000 | $427,000 | $427,000 | $427,000 | $425,000 | $425,000 |
| Retained earnings (deficit) | −$543.1M | −$559.77B | −$569.1M | −$584.5M | −$583.4M | −$576.6M | −$564.7M | −$577.4M | −$598.9M | −$622.3M | −$641.1M | −$646.1M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $527,000 | $2.3M |
| Minority interest | $1.7M | $1.6M | $1.3M | $1.4M | $1.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $888.6M | $885.38B | $896.5M | $885.9M | $891.6M | $903.2M | $926.7M | $929.9M | $921.8M | $915.1M | $913.3M | $915.2M |
| Key figures | ||||||||||||
| Total debt | $325.2M | $5.62B | $200.2M | $163.9M | $99.0M | $89.2M | $89.2M | $74.1M | $99.1M | $164.2M | $194.3M | $144.6M |
| Net cash (debt) | −$251.6M | $49.15B | −$144.6M | −$74.0M | −$63.5M | −$58.9M | −$45.5M | −$27.4M | −$57.1M | −$115.8M | −$147.7M | −$98.4M |
| Working capital | $90.4M | $80.18B | $61.2M | $76.9M | $30.4M | $35.9M | $57.3M | $86.3M | $98.0M | $106.9M | $122.0M | $75.3M |
| Tangible book value | $888.6M | $885.38B | $896.5M | $885.9M | $891.6M | $903.2M | $926.7M | $929.9M | $921.8M | $915.1M | $913.3M | $915.2M |
| Book value per share | $19.94 | $19,935.96 | $20.29 | $20.41 | $20.57 | $20.91 | $21.22 | $21.30 | $21.11 | $20.99 | $21.10 | $21.37 |
| Shares outstanding | 44.6M | 44.4M | 44.2M | 43.4M | 43.4M | 43.2M | 43.7M | 43.7M | 43.7M | 43.6M | 43.3M | 42.8M |
| Current ratio | 2.97 | 2.98 | 2.34 | 2.36 | 1.63 | 1.79 | 2.41 | 3.09 | 3.59 | 3.72 | 4.46 | 3.08 |
| Quick ratio | 2.19 | 1.35 | 1.55 | 1.84 | 1.02 | 1.06 | 1.62 | 1.63 | 1.89 | 1.79 | 1.86 | 1.82 |
| Debt / equity | 0.37 | 0.01 | 0.22 | 0.19 | 0.11 | 0.10 | 0.10 | 0.08 | 0.11 | 0.18 | 0.21 | 0.16 |
| Equity / assets | 70.4% | 70.7% | 78.8% | 80.0% | 85.7% | 87.0% | 87.7% | 89.0% | 87.1% | 81.9% | 80.0% | 83.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
GNK financial position
At the end of fiscal 2025 (December 31, 2025), Genco Shipping & Trading had total assets of $1.1 billion (up 7.7% from a year earlier), total liabilities of $240.3 million and shareholders' equity of $896.5 million. It held $55.5 million in cash and short-term investments against $200.2 million of debt, net debt of $144.6 million. Its current ratio was 2.34. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity $888.6 million.
Related: GNK income statement, GNK cash flow statement, GNK key metrics. See the GNK stock overview for the latest quote and news.
GNK balance sheet FAQ
What are Genco Shipping & Trading's total assets?
Genco Shipping & Trading reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Genco Shipping & Trading have?
Genco Shipping & Trading had $200.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.
How much cash does Genco Shipping & Trading have?
Genco Shipping & Trading held $55.5 million in cash and short-term investments at the end of fiscal 2025; with $200.2 million of debt that is net debt of $144.6 million.
What is Genco Shipping & Trading's book value?
Genco Shipping & Trading's shareholders' equity (book value) was $896.5 million at the end of fiscal 2025, or $20.67 per share.
What is Genco Shipping & Trading's current ratio?
Genco Shipping & Trading had current assets of $106.9 million and current liabilities of $45.7 million, a current ratio of 2.34 (it can cover its short-term obligations).