Genco Shipping & Trading Limited (GNK)

Genco Shipping & Trading Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	35.44	43.69	46.54	58.14	114.57	143.87
Trading Asset Securities	-	-	0.57	6.31	-	-
Cash & Short-Term Investments	35.44	43.69	47.11	64.45	114.57	143.87
Cash Growth	-15.69%	-7.27%	-26.90%	-43.74%	-20.36%	-7.71%
Accounts Receivable	14.09	21.38	17.82	25.33	20.12	12.99
Other Receivables	-	0.7	1.4	1.18	2.35	1.92
Receivables	14.09	22.07	19.22	26.51	22.47	14.91
Inventory	20.47	22.23	26.75	21.6	24.56	21.58
Prepaid Expenses	8.65	6.38	4.81	3.1	3.11	3
Restricted Cash	0.32	0.32	-	5.64	5.64	35.49
Other Current Assets	-	3.3	59.38	4.12	4.48	28.35
Total Current Assets	78.97	97.99	157.27	125.43	174.83	247.2
Property, Plant & Equipment	910.37	928.56	954.81	1,015	993.87	932.39
Long-Term Investments	-	-	-	0.42	1.17	-
Long-Term Deferred Charges	50.91	30.05	29.5	32.25	14.28	14.69
Other Long-Term Assets	-	-	0.32	0.32	18.86	38.53
Total Assets	1,040	1,057	1,142	1,174	1,203	1,233
Accounts Payable	17.5	17.48	10.65	16.16	9.4	11.86
Accrued Expenses	27.18	17.01	13.6	13.31	20.56	10.93
Current Portion of Long-Term Debt	-	-	-	-	-	80.64
Current Portion of Leases	0.3	1.5	2.3	2.11	1.86	1.77
Current Unearned Revenue	3.56	4.67	8.75	4.96	10.08	8.42
Total Current Liabilities	48.55	40.66	35.29	36.54	41.9	113.62
Long-Term Debt	92.97	82.18	190.17	164.92	238.23	358.93
Long-Term Leases	5.69	5.54	1.8	4.1	6.2	8.06
Long-Term Unearned Revenue	-	-	-	-	-	7.2
Total Liabilities	147.21	128.37	227.26	205.56	286.33	487.82
Common Stock	0.43	0.43	0.43	0.42	0.42	0.42
Additional Paid-In Capital	1,475	1,491	1,553	1,589	1,702	1,713
Retained Earnings	-583.44	-564.72	-641.12	-628.25	-786.82	-968.83
Comprehensive Income & Other	-	-	0.53	6.48	0.83	-
Total Common Equity	891.6	926.74	913.26	967.43	916.59	744.99
Minority Interest	1.44	1.49	1.39	0.88	0.09	-
Shareholders' Equity	893.04	928.23	914.65	968.31	916.68	744.99
Total Liabilities & Equity	1,040	1,057	1,142	1,174	1,203	1,233
Total Debt	98.96	89.22	194.27	171.12	246.29	449.4
Net Cash (Debt)	-63.53	-45.53	-147.15	-106.67	-131.72	-305.53
Net Cash Per Share	-1.46	-1.04	-3.44	-2.49	-3.09	-7.29
Filing Date Shares Outstanding	42.96	42.76	42.73	42.33	41.96	41.8
Total Common Shares Outstanding	42.96	42.76	42.55	42.33	41.92	41.8
Working Capital	30.43	57.33	121.99	88.89	132.94	133.58
Book Value Per Share	20.75	21.67	21.46	22.86	21.86	17.82
Tangible Book Value	891.6	926.74	913.26	967.43	916.59	744.99
Tangible Book Value Per Share	20.75	21.67	21.46	22.86	21.86	17.82
Machinery	1,244	1,253	1,255	1,319	1,244	1,131
Leasehold Improvements	-	1.58	1.59	1.58	1.39	1.37

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q