Genco Shipping & Trading Ltd (GNK) - Net Assets
Based on the latest financial reports, Genco Shipping & Trading Ltd (GNK) has net assets worth $886.98 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.25 Trillion) and total liabilities ($365.01 Billion). 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. Check how tangible is Genco Shipping & Trading Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $886.98 Billion |
| % of Total Assets | 70.85% |
| Annual Growth Rate | 12.67% |
| 5-Year Change | -2.06% |
| 10-Year Change | -12.86% |
| Growth Volatility | 93.13 |
Genco Shipping & Trading Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Genco Shipping & Trading Ltd's net assets have evolved over time, based on quarterly financial data. See Genco Shipping & Trading Ltd (GNK) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Genco Shipping & Trading Ltd (2004–2025)
The table below shows the annual net assets of Genco Shipping & Trading Ltd from 2004 to 2025. For live valuation and market cap data, see GNK stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $897.82 Million | -3.28% |
| 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 62843.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $432.00K | 0.05% |
| Other Components | $1.47 Billion | 163.43% |
| Total Equity | $896.48 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 |
|---|---|
|
alstria office REIT-AG
XETRA:AOX
|
$1.03 Billion |
|
Iovance Biotherapeutics Inc
NASDAQ:IOVA
|
$1.03 Billion |
|
Total Gabon
F:RZW
|
$1.03 Billion |
|
E2open Parent Holdings Inc
NYSE:ETWO
|
$1.03 Billion |
|
Fnac Darty SA
PA:FNAC
|
$1.03 Billion |
|
Chengdu Information Technology of Chinese Academy of Sciences Co Ltd
SHE:300678
|
$1.03 Billion |
|
Acrel Co LTD
SHE:300286
|
$1.03 Billion |
|
Strive Asset Management
NASDAQ:ASST
|
$1.03 Billion |
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 2024 to 2025, total equity changed from 926,743,000 to 896,484,000, a change of -30,259,000 (-3.3%).
- Net loss of 4,366,000 reduced equity.
- Dividend payments of 32,807,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.37 Million | -0.49% |
| Dividends Paid | $32.81 Million | -3.66% |
| Other Changes | $6.91 Million | +0.77% |
| Total Change | $- | -3.27% |
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: 1.15x
- 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 0.44x to 1.15x 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 | $23.68 | x |
| 2005-12-31 | $185.68 | $23.68 | x |
| 2006-12-31 | $139.45 | $23.68 | x |
| 2007-12-31 | $236.59 | $23.68 | x |
| 2008-12-31 | $228.71 | $23.68 | x |
| 2009-12-31 | $295.41 | $23.68 | x |
| 2010-12-31 | $315.66 | $23.68 | x |
| 2011-12-31 | $326.62 | $23.68 | x |
| 2012-12-31 | $255.54 | $23.68 | x |
| 2013-12-31 | $223.70 | $23.68 | x |
| 2014-12-31 | $155.30 | $23.68 | x |
| 2015-12-31 | $168.00 | $23.68 | x |
| 2016-12-31 | $142.09 | $23.68 | x |
| 2017-12-31 | $28.47 | $23.68 | x |
| 2018-12-31 | $27.44 | $23.68 | x |
| 2019-12-31 | $23.43 | $23.68 | x |
| 2020-12-31 | $17.78 | $23.68 | x |
| 2021-12-31 | $21.52 | $23.68 | x |
| 2022-12-31 | $22.54 | $23.68 | x |
| 2023-12-31 | $21.35 | $23.68 | x |
| 2024-12-31 | $21.23 | $23.68 | x |
| 2025-12-31 | $20.67 | $23.68 | 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): -0.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.28%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.27x
- Recent ROE (-0.49%) is below the historical average (0.48%), suggesting potential challenges in 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 |
| 2025 | -0.49% | -1.28% | 0.30x | 1.27x | $-94.01 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: $627,049,434
- Average return on equity (ROE) among peers: 2.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Genco Shipping & Trading Ltd (GNK) | $886.98 Billion | 1.24% | 0.41x | $1.03 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $696.50 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $927.76 Million | 5.54% | 0.72x | $1.20 Billion |
| C3is Inc. (CISS) | $38.89 Million | 1.42% | 0.02x | $1.19 Million |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -5.39% | 0.40x | $408.65 Million |
| Costamare Inc (CMRE) | $1.73 Billion | 25.21% | 1.55x | $1.83 Billion |
| Castor Maritime Inc (CTRM) | $668.96 Million | 2.88% | 0.19x | $19.42 Million |
| Danaos Corporation (DAC) | $392.41 Million | -26.08% | 7.89x | $2.29 Billion |
| Diana Shipping Inc. (DSX) | $627.68 Million | 10.73% | 0.89x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $422.24 Million | 20.03% | 1.80x | $1.68 Billion |
| EuroDry Ltd (EDRY) | $50.54 Million | -11.63% | 1.13x | $64.11 Million |
About Genco Shipping & Trading Ltd
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. It operates through two segments: major bulk and minor bulk fleet. 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 commoditi… Read more