Genco Shipping & Trading Ltd
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. Genco Shippin… Read more
Genco Shipping & Trading Ltd (GNK) - Net Assets
Latest net assets as of September 2025: $887.30 Million USD
Based on the latest financial reports, Genco Shipping & Trading Ltd (GNK) has net assets worth $887.30 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.11 Billion) and total liabilities ($220.30 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $887.30 Million |
| % of Total Assets | 80.11% |
| Annual Growth Rate | 13.53% |
| 5-Year Change | 24.6% |
| 10-Year Change | N/A |
| Growth Volatility | 95.55 |
Genco Shipping & Trading Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Genco Shipping & Trading Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Genco Shipping & Trading Ltd (2004–2024)
The table below shows the annual net assets of Genco Shipping & Trading Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $928.23 Million | +1.48% |
| 2023-12-31 | $914.65 Million | -5.54% |
| 2022-12-31 | $968.31 Million | +5.63% |
| 2021-12-31 | $916.67 Million | +23.04% |
| 2020-12-31 | $744.99 Million | -23.86% |
| 2019-12-31 | $978.43 Million | -7.11% |
| 2018-12-31 | $1.05 Billion | +8.03% |
| 2017-12-31 | $975.03 Million | -5.36% |
| 2016-12-31 | $1.03 Billion | -- |
| 2015-12-31 | $0.00 | -- |
| 2014-12-31 | $1.29 Billion | -1.22% |
| 2013-12-31 | $1.31 Billion | -- |
| 2012-12-31 | $0.00 | -- |
| 2011-12-31 | $1.36 Billion | +1.00% |
| 2010-12-31 | $1.35 Billion | +45.13% |
| 2009-12-31 | $928.92 Million | +33.37% |
| 2008-12-31 | $696.48 Million | +11.94% |
| 2007-12-31 | $622.18 Million | +75.99% |
| 2006-12-31 | $353.53 Million | +1.52% |
| 2005-12-31 | $348.24 Million | +374.61% |
| 2004-12-31 | $73.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Genco Shipping & Trading Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 62362.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $427.00K | 0.05% |
| Other Components | $1.49 Billion | 160.89% |
| Total Equity | $926.74 Million | 100.00% |
Genco Shipping & Trading Ltd Competitors by Market Cap
The table below lists competitors of Genco Shipping & Trading Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Sunrise New Energy Co Ltd
SHE:002256
|
$785.39 Million |
|
Financial Street Holdings Co Ltd
SHE:000402
|
$785.44 Million |
|
Draegerwerk AG & Co. KGaA Pfd.
LSE:0K5E
|
$785.53 Million |
|
ADTRAN Inc
NASDAQ:ADTN
|
$785.61 Million |
|
Shanghai Tofflon Science Tech
SHE:300171
|
$784.88 Million |
|
NCAB Group
ST:NCAB
|
$784.83 Million |
|
Da An Gene Co Ltd of Sun Yat-Sen University
SHE:002030
|
$784.18 Million |
|
ASA Gold and Precious Metals Ltd
NYSE:ASA
|
$784.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Genco Shipping & Trading Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 913,256,000 to 926,743,000, a change of 13,487,000 (1.5%).
- Net income of 76,401,000 contributed positively to equity growth.
- Dividend payments of 67,511,000 reduced retained earnings.
- Other comprehensive income decreased equity by 527,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $76.40 Million | +8.24% |
| Dividends Paid | $67.51 Million | -7.28% |
| Other Comprehensive Income | $-527.00K | -0.06% |
| Other Changes | $5.12 Million | +0.55% |
| Total Change | $- | 1.48% |
Book Value vs Market Value Analysis
This analysis compares Genco Shipping & Trading Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.40x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $54.35 | $22.01 | x |
| 2005-12-31 | $185.68 | $22.01 | x |
| 2006-12-31 | $139.45 | $22.01 | x |
| 2007-12-31 | $236.59 | $22.01 | x |
| 2008-12-31 | $228.71 | $22.01 | x |
| 2009-12-31 | $295.41 | $22.01 | x |
| 2010-12-31 | $315.66 | $22.01 | x |
| 2011-12-31 | $326.62 | $22.01 | x |
| 2012-12-31 | $255.54 | $22.01 | x |
| 2013-12-31 | $223.70 | $22.01 | x |
| 2014-12-31 | $155.30 | $22.01 | x |
| 2015-12-31 | $168.00 | $22.01 | x |
| 2016-12-31 | $142.09 | $22.01 | x |
| 2017-12-31 | $28.47 | $22.01 | x |
| 2018-12-31 | $27.44 | $22.01 | x |
| 2019-12-31 | $23.43 | $22.01 | x |
| 2020-12-31 | $17.78 | $22.01 | x |
| 2021-12-31 | $21.52 | $22.01 | x |
| 2022-12-31 | $22.54 | $22.01 | x |
| 2023-12-31 | $21.35 | $22.01 | x |
| 2024-12-31 | $21.23 | $22.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Genco Shipping & Trading Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.06%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.14x
- Recent ROE (8.24%) is above the historical average (0.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 1.24% | 48.07% | 0.01x | 2.75x | $-6.43 Million |
| 2005 | 15.64% | 46.60% | 0.24x | 1.41x | $19.66 Million |
| 2006 | 17.97% | 47.68% | 0.23x | 1.64x | $28.17 Million |
| 2007 | 17.17% | 57.61% | 0.11x | 2.66x | $44.59 Million |
| 2008 | 12.43% | 21.36% | 0.20x | 2.86x | $16.93 Million |
| 2009 | 16.00% | 39.16% | 0.16x | 2.52x | $55.73 Million |
| 2010 | 12.47% | 31.48% | 0.14x | 2.81x | $27.95 Million |
| 2011 | 2.20% | 6.47% | 0.13x | 2.71x | $-89.77 Million |
| 2012 | -13.59% | -64.00% | 0.08x | 2.67x | $-251.56 Million |
| 2013 | -15.27% | -64.95% | 0.08x | 3.06x | $-244.49 Million |
| 2014 | -14.45% | -64.95% | 0.13x | 1.71x | $-249.98 Million |
| 2015 | -17.62% | -126.59% | 0.09x | 1.56x | $-305.49 Million |
| 2016 | -21.08% | -160.16% | 0.09x | 1.52x | $-320.19 Million |
| 2017 | -6.02% | -28.00% | 0.14x | 1.56x | $-156.23 Million |
| 2018 | -3.13% | -8.96% | 0.23x | 1.55x | $-138.27 Million |
| 2019 | -5.72% | -14.37% | 0.25x | 1.56x | $-153.83 Million |
| 2020 | -30.28% | -63.44% | 0.29x | 1.65x | $-300.07 Million |
| 2021 | 19.86% | 33.27% | 0.45x | 1.31x | $90.35 Million |
| 2022 | 16.39% | 29.53% | 0.46x | 1.21x | $61.83 Million |
| 2023 | -1.41% | -3.35% | 0.34x | 1.25x | $-104.20 Million |
| 2024 | 8.24% | 18.06% | 0.40x | 1.14x | $-16.27 Million |
Industry Comparison
This section compares Genco Shipping & Trading Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Genco Shipping & Trading Ltd (GNK) | $887.30 Million | 1.24% | 0.25x | $785.23 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |