GNK: the balance sheet

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For the quarter ending 2026-03-31, GNK has $1,251,988K in assets. $365,010K in debts. $54,770K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
297.89%
Quick Ratio
241.47%
Cash Ratio
135.18%
Debt to Asset Ratio
29.15%
Unit: Thousand (K) dollars
Assets Breakdown
Vessels, net of accumulated depr...
Deferred drydock, net of accumul...
Cash and cash equivalents
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Deferred revenue
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	54,770	55,540	89,951	35,439
Due from charterers, net of a reserve of 581 and 519, respectively	20,273	14,284	13,941	14,094
Restricted cash	-	-	-	315
Prepaid expenses and other current assets	14,204	14,053	7,823	8,650
Inventories	22,859	25,187	21,547	20,474
Vessels held for sale	8,585	-	-	-
Total current assets	120,691	109,064	133,262	78,972
Vessels, net of accumulated depreciation of 379,360 and 372,525, respectively	1,062,459	939,327	887,408	897,156
Deposits on vessels	-	14,585	6,527	-
Deferred drydock, net of accumulated amortization of 31,502 and 29,389, respectively	56,693	62,389	67,084	50,910
Fixed assets, net of accumulated depreciation and amortization of 12,692 and 12,521, respectively	6,993	7,492	7,969	7,524
Operating lease right-of-use assets	5,152	5,251	5,351	5,688
Total noncurrent assets	1,131,297	1,029,044	974,339	961,278
Total assets	1,251,988	1,138,108	1,107,601	1,040,250

Accounts payable and accrued expenses	34,536	36,843	51,656	44,688
Current operating lease liabilities	-	-	-	303
Deferred revenue	5,979	8,826	4,701	3,556
Total current liabilities	40,515	45,669	56,357	48,547
Long-term operating lease liabilities	5,616	5,539	5,463	5,693
Long-term debt, net of deferred financing costs of 11,121 and 10,920, respectively	318,879	189,080	158,478	92,968
Total noncurrent liabilities	324,495	194,619	163,941	98,661
Total liabilities	365,010	240,288	220,298	147,208
Common stock, par value 0.01 500,000,000 shares authorized 43,577,051 and 43,243,165 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively	435	432	432	429
Additional paid-in capital	1,444,714	1,465,134	1,469,951	1,474,615
Accumulated deficit	-559,773	-569,082	-584,493	-583,440
Total genco shipping & trading limited shareholders' equity	885,376	896,484	885,890	891,604
Noncontrolling interest	1,602	1,336	1,413	1,438
Total equity	886,978	897,820	887,303	893,042
Total liabilities and equity	1,251,988	1,138,108	1,107,601	1,040,250

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets