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) - Total Assets
Latest total assets as of September 2025: $1.11 Billion USD
Based on the latest financial reports, Genco Shipping & Trading Ltd (GNK) holds total assets worth $1.11 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Genco Shipping & Trading Ltd - Total Assets Trend (2004–2024)
This chart illustrates how Genco Shipping & Trading Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Genco Shipping & Trading Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Genco Shipping & Trading Ltd's total assets of $1.11 Billion consist of 9.3% current assets and 90.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $43.69 Million | 4.1% |
| Accounts Receivable | $22.07 Million | 2.1% |
| Inventory | $22.23 Million | 2.1% |
| Property, Plant & Equipment | $928.56 Million | 87.9% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2004–2024)
This chart illustrates how Genco Shipping & Trading Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Genco Shipping & Trading Ltd's current assets represent 9.3% of total assets in 2024, an increase from 4.2% in 2004.
- Cash Position: Cash and equivalents constituted 4.1% of total assets in 2024, up from 3.7% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2004.
- Asset Diversification: The largest asset category is property, plant & equipment at 87.9% of total assets.
Genco Shipping & Trading Ltd Competitors by Total Assets
Key competitors of Genco Shipping & Trading Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Costamare Bulkers Holdings Limited
NYSE:CMDB
|
USA | $1.09 Billion |
|
Shenzhen Yan Tian Port Holdings Co Ltd
SHE:000088
|
China | CN¥24.14 Billion |
|
Zhuhai Port Co Ltd
SHE:000507
|
China | CN¥20.23 Billion |
|
Chang Jiang Shipping Group Phoenix Co Ltd
SHE:000520
|
China | CN¥631.24 Million |
|
Beibuwan Port Co Ltd
SHE:000582
|
China | CN¥37.60 Billion |
|
Eusu Holdings
KO:000700
|
Korea | ₩477.98 Billion |
|
Xiamen Port Development Co Ltd
SHE:000905
|
China | CN¥13.50 Billion |
|
Nanjing Shenghang Shipping Co Ltd
SHE:001205
|
China | CN¥4.57 Billion |
Genco Shipping & Trading Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Genco Shipping & Trading Ltd generates 0.40x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Genco Shipping & Trading Ltd generates $7.23 in net profit.
Genco Shipping & Trading Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.36 | 3.09 | 2.18 |
| Quick Ratio | 1.98 | 2.49 | 1.99 |
| Cash Ratio | 1.60 | 1.13 | 0.00 |
| Working Capital | $76.91 Million | $ 86.26 Million | $ 133.58 Million |
Genco Shipping & Trading Ltd - Advanced Valuation Insights
This section examines the relationship between Genco Shipping & Trading Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.02 |
| Latest Market Cap to Assets Ratio | 0.74 |
| Asset Growth Rate (YoY) | -7.5% |
| Total Assets | $1.06 Billion |
| Market Capitalization | $785.23 Million USD |
Valuation Analysis
Below Book Valuation: The market values Genco Shipping & Trading Ltd's assets below their book value (0.74 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Genco Shipping & Trading Ltd's assets decreased by 7.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Genco Shipping & Trading Ltd (2004–2024)
The table below shows the annual total assets of Genco Shipping & Trading Ltd from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.06 Billion | -7.47% |
| 2023-12-31 | $1.14 Billion | -2.72% |
| 2022-12-31 | $1.17 Billion | -2.42% |
| 2021-12-31 | $1.20 Billion | -2.42% |
| 2020-12-31 | $1.23 Billion | -19.37% |
| 2019-12-31 | $1.53 Billion | -6.06% |
| 2018-12-31 | $1.63 Billion | +7.00% |
| 2017-12-31 | $1.52 Billion | -3.06% |
| 2016-12-31 | $1.57 Billion | -9.00% |
| 2015-12-31 | $1.72 Billion | -1.65% |
| 2014-12-31 | $1.75 Billion | -40.72% |
| 2013-12-31 | $2.96 Billion | +4.01% |
| 2012-12-31 | $2.84 Billion | -8.85% |
| 2011-12-31 | $3.12 Billion | -1.99% |
| 2010-12-31 | $3.18 Billion | +36.20% |
| 2009-12-31 | $2.34 Billion | +17.43% |
| 2008-12-31 | $1.99 Billion | +20.37% |
| 2007-12-31 | $1.65 Billion | +185.90% |
| 2006-12-31 | $578.26 Million | +18.02% |
| 2005-12-31 | $489.96 Million | +143.00% |
| 2004-12-31 | $201.63 Million | -- |