GNK: the balance sheet

MyFinsight

For the year ending 2025-12-31, GNK has $1,138,108K in assets. $240,288K in debts. $55,540K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Cash and cash equivalents	55,540
Due from charterers, net of a reserve of 519 and 1,620, respectively	14,284
Prepaid expenses and other current assets	14,053
Inventories	25,187
Total current assets	109,064
Vessels, net of accumulated depreciation of 372,525 and 322,807, respectively	939,327
Deposits on vessels	14,585
Deferred drydock, net of accumulated amortization of 29,389 and 33,610, respectively	62,389
Fixed assets, net of accumulated depreciation and amortization of 12,521 and 9,811, respectively	7,492
Operating lease right-of-use assets	5,251
Total noncurrent assets	1,029,044
Total assets	1,138,108

Accounts payable and accrued expenses	36,843
Deferred revenue	8,826
Total current liabilities	45,669
Long-term operating lease liabilities	5,539
Long-term debt, net of deferred financing costs of 10,920 and 7,825, respectively	189,080
Total noncurrent liabilities	194,619
Total liabilities	240,288
Common stock, par value 0.01 500,000,000 shares authorized 43,243,165 and 42,757,895 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively	432
Additional paid-in capital	1,465,134
Accumulated deficit	-569,082
Total genco shipping & trading limited shareholders' equity	896,484
Noncontrolling interest	1,336
Total equity	897,820
Total liabilities and equity	1,138,108

Unit: Thousand (K) dollars