GNKGenco Shipping & Trading Limited
Is it safe?
Strong, no red flags: a safe balance sheet and comfortable debt (AA).
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$56.8M, 90 days to Oct 8, 2026), selling is often routine.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -75% · now 6% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can GNK take a bad year?
Genco Shipping & Trading Limited carries $246M of net debt at 1.75× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.75×
Net debt / EBITDA · 0.61× a year ago · the load is going up
- Altman Z-score
- 2.24
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 3.25×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $320M
- Cash and short-term investments
- $74M
- Net debt
- $246M
- EBITDA, trailing twelve months
- $140M
- Operating profit, trailing twelve months
- $57M
- Debt / equity
- 0.36×
- Total debt / EBITDA
- 2.28×
- Annualised volatilitytwo years of daily moves
- 36%
- Worst drawdown on file
- −75%
- Below its 52-week high
- 5.8%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.