Genco Shipping & Trading Limited Net Debt 2011-2026 | GNK

Net Debt can be roughly defined as financial liabilities that an entity classifies in the financing section together with the resources available to service those financial liabilities^[1]

Net debt is the obligations that remain after deducting all assets and other liabilities from a company or individual. It represents the sum of debts that an organization or person must repay to their creditors or other parties.

Net debt can include various types of obligations such as loans, borrowings, lease liabilities, or credit card payments. It is important to note that net debt does not include current expenses or obligations such as payroll expenses or current bills.

Assessing net debt is an important financial indicator for evaluating the financial position of a company or individual. If net debt significantly exceeds assets, it may indicate financial difficulties and insolvency. In such cases, the company or individual may face difficulties in meeting their obligations and managing their finances.

Net debt can also be used to compare the financial stability of different companies. The lower the net debt relative to assets, the more stable and financially sound they are considered.

Overall, understanding net debt helps evaluate the financial soundness and ability of a company to meet their obligations. It is an important indicator that assists in making decisions about lending, investments, and financial management.

Annual Net Debt Genco Shipping & Trading Limited

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
40 M	146 M	103 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

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
1.47 B	40 M	513 M

References

Pizzo, M., Moscariello, N., & Vinciguerra, R. (2015). Market Incentives and Regulators' Activity Shaping Financial Information: An Analysis of the Net Debt Disclosure in Italy. International Journal of Business and Management, 10(1), 1.

Net Debt of other stocks in the Marine shipping industry

Issuer	Net Debt	Price	% 24h	Market Cap	Country
Capital Product Partners L.P. CPLP	327 M	-	2.13 %	$ 355 B	Greece
Diana Shipping DSX	357 M	$ 2.63	-0.75 %	$ 305 M	Greece
Costamare CMRE	1.31 B	$ 17.54	-2.07 %	$ 2.09 B	Greece
EuroDry Ltd. EDRY	50.2 M	$ 22.35	-2.32 %	$ 61 M	Greece
Euroseas Ltd. ESEA	63.3 M	$ 66.87	-4.23 %	$ 464 M	Greece
Flex LNG Ltd. FLNG	1.27 B	$ 29.26	3.72 %	$ 1.58 B	Bermuda
Navios Maritime Containers L.P. NMCI	151 M	-	-	$ 300 M	Monaco
StealthGas GASS	314 M	$ 8.94	3.0 %	$ 315 M	Greece
Castor Maritime CTRM	2.16 M	$ 2.22	-0.45 %	$ 21.5 M	Cyprus
Globus Maritime Limited GLBS	12 M	$ 1.95	-9.3 %	$ 13.3 B	Greece
Eneti NETI	85.9 M	-	-	$ 431 M	Monaco
Grindrod Shipping Holdings Ltd. GRIN	215 M	$ 29.34	-3.74 %	$ 163 M	Singapore
Navios Maritime Holdings NM	1.2 B	-	0.22 %	$ 51.7 M	Monaco
Performance Shipping PSHG	36.4 M	$ 2.38	0.42 %	$ 29.4 M	Greece
Danaos Corporation DAC	1.28 B	$ 115.19	-2.46 %	$ 2.12 B	Greece
Ardmore Shipping Corporation ASC	74.8 M	$ 16.47	-1.44 %	$ 686 M	Bermuda
Huntington Ingalls Industries HII	1.98 B	$ 440.33	-2.95 %	$ 17.3 B	USA
Kirby Corporation KEX	879 M	$ 133.83	0.65 %	$ 7.45 B	USA
KNOT Offshore Partners LP KNOP	978 M	$ 10.6	-1.4 %	$ 358 M	Britain
International Seaways INSW	428 M	$ 75.61	-1.14 %	$ 3.73 B	USA
Matson MATX	213 M	$ 168.53	-1.58 %	$ 5.68 B	USA
Nordic American Tankers Limited NAT	299 M	$ 5.78	-3.02 %	$ 1.21 B	Bermuda
Navios Maritime Partners L.P. NMM	418 M	$ 71.09	-2.08 %	$ 2.04 B	Greece
Eagle Bulk Shipping EGLE	218 M	-	-2.29 %	$ 678 M	USA
Pangaea Logistics Solutions, Ltd. PANL	44.2 M	$ 9.11	-2.25 %	$ 408 M	USA
Pyxis Tankers PXS	52 M	$ 4.32	-4.42 %	$ 45.5 M	Greece
Safe Bulkers SB	522 M	$ 6.56	-1.5 %	$ 706 M	Monaco
Seanergy Maritime Holdings Corp. SHIP	149 M	$ 14.62	-1.68 %	$ 289 M	Greece
Star Bulk Carriers Corp. SBLK	805 M	$ 26.25	-2.38 %	$ 2.81 B	Greece
SEACOR Marine Holdings SMHI	236 M	$ 7.6	1.06 %	$ 199 M	USA
Top Ships TOPS	97.6 M	-	-1.67 %	$ 22.3 M	Greece