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Genco Shipping & Trading Limited Balance Sheet 2025-2007 | GNK
Brief overview of Genco Shipping & Trading Limited's financial position
The comparison uses five available annual reports from the 2021–2025 interval.
Assets finished at $1.1 billion versus $1.2 billion initially, losing -5.4%. The balance sheet contracted.
Liabilities increased less than assets, posting -16.1% versus -5.4%. That relationship usually strengthens the balance sheet.
Equity funds 78.8% of assets versus 76.2% initially. This creates a conservative balance sheet structure.
Net debt to equity stands at 0.15x; the current burden does not look excessive.
The cash reserve occupies 4.9% of the balance sheet, previously 10%. It is one marker of short-term resilience.
The balance sheet includes a negative accumulated result of -$569.1 million. It should be assessed alongside historical profits and capital distributions.
Overall assessment
Genco Shipping & Trading Limited's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet Genco Shipping & Trading Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
134 M | 40 M | 146 M | 109 M | 120 M | 181 M | 327 M | 338 M | 341 M | 380 M | 469 M | 347 M | 1.47 B | 1.45 B | 1.47 B | - | - | - | - |
Long Term Debt |
189 M | 82.2 M | 190 M | 165 M | 238 M | 359 M | 413 M | 469 M | 491 M | 508 M | - | 396 M | 164 M | 1.52 B | 1.51 B | - | - | - | - |
Long Term Debt Current |
- | 1.5 M | 2.3 M | 2.11 M | 1.86 M | 1.76 M | 1.68 M | 66.3 M | 24.5 M | 4.58 M | 588 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
195 M | 87.7 M | 192 M | 169 M | 244 M | 374 M | 423 M | 472 M | 493 M | 510 M | 1.15 M | 396 M | 167 M | 1.56 B | 1.54 B | 1.72 B | 1.33 B | - | - |
Total Current Liabilities |
45.7 M | 40.7 M | 35.3 M | 36.5 M | 41.9 M | 114 M | 128 M | 102 M | 52.4 M | 28.9 M | 617 M | 63.9 M | 1.48 B | 25.7 M | 222 M | 118 M | 79 M | - | - |
Total Liabilities |
240 M | 128 M | 227 M | 206 M | 286 M | 488 M | 550 M | 574 M | 546 M | 539 M | 618 M | 460 M | 1.65 B | 1.58 B | 1.76 B | 1.83 B | 1.41 B | - | - |
Deferred Revenue |
8.83 M | 4.66 M | 8.75 M | 4.96 M | 10.1 M | 8.42 M | 6.63 M | 6.4 M | 4.72 M | 1.49 M | 1.06 M | 1.4 M | 1.6 M | 1.32 M | 4.23 M | - | - | - | - |
Retained Earnings |
-569 M | -565 M | -641 M | -628 M | -787 M | -969 M | -743 M | -687 M | -654 M | -595 M | -377 M | -204 M | 66.6 M | 214 M | 359 M | 334 M | 193 M | - | - |
Total Assets |
1.14 B | 1.06 B | 1.14 B | 1.17 B | 1.2 B | 1.23 B | 1.53 B | 1.63 B | 1.52 B | 1.57 B | 1.72 B | 1.75 B | 2.96 B | 2.84 B | 3.12 B | 3.18 B | 2.34 B | - | - |
Cash and Cash Equivalents |
55.5 M | 43.7 M | 46.5 M | 58.1 M | 121 M | 180 M | 156 M | 197 M | 174 M | 133 M | 121 M | 83.4 M | 123 M | 72.6 M | 228 M | 271 M | 188 M | 125 M | 71.5 M |
Book Value |
898 M | 928 M | 915 M | 968 M | 917 M | 745 M | 978 M | 1.05 B | 975 M | 1.03 B | 1.11 B | 1.29 B | 1.31 B | 1.26 B | 1.36 B | 1.35 B | 929 M | - | - |
Total Shareholders Equity |
896 M | 927 M | 913 M | 967 M | 917 M | 745 M | 978 M | 1.05 B | 975 M | 1.03 B | 1.11 B | 1.04 B | 967 M | 1.07 B | 1.15 B | 1.13 B | 929 M | 696 M | 622 M |
All numbers in USD currency
Quarterly Balance Sheet Genco Shipping & Trading Limited
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
320 M | 319 M | 158 M | 93 M | 82.7 M | 82.2 M | 71.7 M | 96.2 M | 161 M | 190 M | 140 M | 148 M | 157 M | 165 M | 173 M | - | 190 M | 238 M | 297 M | 304 M | 327 M | 359 M | 359 M | 359 M | 359 M | 413 M | 413 M | 413 M | 413 M | 469 M | 469 M | 469 M | 469 M | 491 M | 491 M | 491 M | 491 M | 508 M | 508 M | 508 M | 508 M | - | 418 M | 404 M | 390 M | 396 M | 396 M | 396 M | 396 M | 164 M | - | - | 164 M | 1.41 B | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
325 M | 324 M | 164 M | 98.7 M | 88.3 M | 87.7 M | 71.7 M | 96.8 M | 162 M | 192 M | 142 M | 151 M | 160 M | 169 M | 178 M | - | 196 M | 244 M | 303 M | 311 M | 335 M | 374 M | 374 M | 374 M | 374 M | 423 M | 423 M | 423 M | 423 M | 472 M | 472 M | 472 M | 472 M | 493 M | 493 M | 493 M | 493 M | 510 M | 510 M | 510 M | 510 M | 1.15 M | 1.15 M | 1.15 M | 1.15 M | 396 M | 396 M | 396 M | 396 M | 167 M | 126 M | 105 M | 167 M | 1.56 B | 1.56 B | 1.56 B | 1.56 B | 1.54 B | 1.54 B | 1.54 B | 1.54 B | 1.71 B | 1.32 B |
Total Liabilities |
371 M | 365 M | 220 M | 147 M | 134 M | 128 M | 113 M | 135 M | 201 M | 227 M | 179 M | 180 M | 194 M | 206 M | 233 M | - | 233 M | 286 M | 346 M | 405 M | 434 M | 488 M | 488 M | 488 M | 488 M | 550 M | 550 M | 550 M | 550 M | 574 M | 574 M | 574 M | 574 M | 546 M | 546 M | 546 M | 546 M | 539 M | 539 M | 539 M | 539 M | 609 M | 609 M | 609 M | 609 M | 460 M | 460 M | 460 M | 460 M | 1.65 B | 1.6 B | 1.58 B | 1.65 B | 1.58 B | 1.58 B | 1.58 B | 1.58 B | 1.76 B | 1.76 B | 1.76 B | 1.76 B | 1.83 B | 1.4 B |
Deferred Revenue |
7.8 M | 5.98 M | 4.7 M | 3.56 M | 5.34 M | 4.66 M | 5.89 M | 7.57 M | 5.68 M | 8.75 M | 6.53 M | 7.94 M | 5.03 M | 4.96 M | 14.5 M | - | 10.1 M | 10.1 M | 14.4 M | 9.38 M | 7.39 M | 8.42 M | 8.42 M | 8.42 M | 8.42 M | 6.63 M | 6.63 M | 6.63 M | 6.63 M | 6.4 M | 6.4 M | 6.4 M | 6.4 M | 4.72 M | 4.72 M | 4.72 M | 4.72 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-543 M | -560 M | -584 M | -583 M | -577 M | -565 M | -577 M | -599 M | -622 M | -641 M | -646 M | -614 M | -626 M | -628 M | -657 M | - | -745 M | -787 M | -878 M | -935 M | -967 M | -969 M | -969 M | -969 M | -969 M | -743 M | -743 M | -743 M | -743 M | -687 M | -687 M | -687 M | -687 M | -654 M | -654 M | -654 M | -654 M | -595 M | -595 M | -595 M | -595 M | -377 M | -377 M | -377 M | -377 M | -182 M | -182 M | -182 M | -182 M | 66.6 M | 85.8 M | 121 M | 66.6 M | 214 M | 214 M | 214 M | 214 M | 359 M | 359 M | 359 M | 359 M | 299 M | 263 M |
Total Assets |
1.26 B | 1.25 B | 1.11 B | 1.04 B | 1.04 B | 1.06 B | 1.04 B | 1.06 B | 1.12 B | 1.14 B | 1.09 B | 1.14 B | 1.14 B | 1.17 B | 1.21 B | - | 1.17 B | 1.2 B | 1.18 B | 1.18 B | 1.18 B | 1.23 B | 1.23 B | 1.23 B | 1.23 B | 1.53 B | 1.53 B | 1.53 B | 1.53 B | 1.63 B | 1.63 B | 1.63 B | 1.63 B | 1.52 B | 1.52 B | 1.52 B | 1.52 B | 1.57 B | 1.57 B | 1.57 B | 1.57 B | 1.71 B | 1.71 B | 1.71 B | 1.71 B | 1.75 B | 1.75 B | 1.75 B | 1.75 B | 2.96 B | 2.84 B | 2.78 B | 2.96 B | 2.84 B | 2.84 B | 2.84 B | 2.84 B | 3.12 B | 3.12 B | 3.12 B | 3.12 B | 3.14 B | 2.58 B |
Cash and Cash Equivalents |
73.6 M | 54.8 M | 90 M | 35.4 M | 30.2 M | 43.7 M | 47 M | 42.3 M | 48.7 M | 46.5 M | 52.2 M | 53.9 M | 50.4 M | 58.1 M | 71.5 M | 50.6 M | 49.1 M | 115 M | 80.5 M | 116 M | 123 M | 144 M | 144 M | 144 M | 144 M | 156 M | 156 M | 156 M | 156 M | 197 M | 197 M | 197 M | 197 M | 174 M | 174 M | 174 M | 174 M | 133 M | 133 M | 133 M | 133 M | 121 M | 121 M | 121 M | 121 M | 83.4 M | 83.4 M | 83.4 M | 83.4 M | 123 M | 109 M | 69.6 M | 123 M | 72.6 M | 72.6 M | 72.6 M | 72.6 M | 228 M | 228 M | 228 M | 228 M | 265 M | 196 M |
Book Value |
890 M | 887 M | 887 M | 893 M | 905 M | 928 M | 932 M | 923 M | 917 M | 915 M | 916 M | 955 M | 950 M | 968 M | 973 M | - | 934 M | 917 M | 831 M | 777 M | 747 M | 745 M | 745 M | 745 M | 745 M | 978 M | 978 M | 978 M | 978 M | 1.05 B | 1.05 B | 1.05 B | 1.05 B | 975 M | 975 M | 975 M | 975 M | 1.03 B | 1.03 B | 1.03 B | 1.03 B | 1.11 B | 1.11 B | 1.11 B | 1.11 B | 1.29 B | 1.29 B | 1.29 B | 1.29 B | 1.31 B | 1.23 B | 1.19 B | 1.31 B | 1.26 B | 1.26 B | 1.26 B | 1.26 B | 1.36 B | 1.36 B | 1.36 B | 1.36 B | 1.31 B | 1.19 B |
Total Shareholders Equity |
889 M | 885 M | 886 M | 892 M | 903 M | 927 M | 932 M | 923 M | 917 M | 913 M | 916 M | 955 M | 950 M | 967 M | 973 M | 950 M | 934 M | 917 M | 831 M | 777 M | 747 M | 745 M | 745 M | 745 M | 745 M | 978 M | 978 M | 978 M | 978 M | 1.05 B | 1.05 B | 1.05 B | 1.05 B | 974 M | 975 M | 975 M | 975 M | 1.03 B | 1.03 B | 1.03 B | 1.03 B | 1.11 B | 1.15 B | 988 M | 1.02 B | 1.04 B | 1.04 B | 1.04 B | 1.04 B | 967 M | 951 M | 976 M | 967 M | 1.07 B | 1.07 B | 1.07 B | 1.07 B | 1.15 B | 1.15 B | 1.15 B | 1.15 B | 1.1 B | 973 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Genco Shipping & Trading Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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