| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 89,951 | 35,439 | ||
| Restricted cash | - | 315 | ||
| Due from charterers, net of a reserve of 658 and 1,620, respectively | 13,941 | 14,094 | ||
| Prepaid expenses and other current assets | 7,823 | 8,650 | ||
| Inventories | 21,547 | 20,474 | ||
| Total current assets | 133,262 | 78,972 | ||
| Vessels, net of accumulated depreciation of 359,361 and 322,807, respectively | 887,408 | 897,156 | ||
| Deposits on vessels | 6,527 | - | ||
| Deferred drydock, net of accumulated amortization of 28,734 and 33,610, respectively | 67,084 | 50,910 | ||
| Fixed assets, net of accumulated depreciation and amortization of 11,875 and 9,811, respectively | 7,969 | 7,524 | ||
| Operating lease right-of-use assets | 5,351 | 5,688 | ||
| Total noncurrent assets | 974,339 | 961,278 | ||
| Total assets | 1,107,601 | 1,040,250 | ||
| Accounts payable and accrued expenses | 51,656 | 44,688 | ||
| Current operating lease liabilities | - | 303 | ||
| Deferred revenue | 4,701 | 3,556 | ||
| Total current liabilities | 56,357 | 48,547 | ||
| Long-term operating lease liabilities | 5,463 | 5,693 | ||
| Long-term debt, net of deferred financing costs of 11,522 and 7,825, respectively | 158,478 | 92,968 | ||
| Total noncurrent liabilities | 163,941 | 98,661 | ||
| Total liabilities | 220,298 | 147,208 | ||
| Common stock, par value 0.01 500,000,000 shares authorized 43,243,165 and 42,757,895 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 432 | 429 | ||
| Additional paid-in capital | 1,469,951 | 1,474,615 | ||
| Accumulated deficit | -584,493 | -583,440 | ||
| Total genco shipping & trading limited shareholders' equity | 885,890 | 891,604 | ||
| Noncontrolling interest | 1,413 | 1,438 | ||
| Total equity | 887,303 | 893,042 | ||
| Total liabilities and equity | 1,107,601 | 1,040,250 | ||
GENCO SHIPPING & TRADING LTD (GNK)
GENCO SHIPPING & TRADING LTD (GNK)