Is it safe?
Can GNK take a bad year?
Genco Shipping & Trading Limited carries $264M of net debt at 2.40× EBITDA: a load its earnings can carry.
$264M
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.40×
Net debt / EBITDA · 0.42× 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
- 2.15×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ1 2026
- $319M
- Cash and short-term investments
- $55M
- Net debt
- $264M
- EBITDA, trailing twelve months
- $110M
- Operating profit, trailing twelve months
- $31M
- Debt / equity
- 0.36×
- Total debt / EBITDA
- 2.90×
- Annualised volatilitytwo years of daily moves
- 36%
- Worst drawdown on file
- −75%
- Below its 52-week high
- −5.5%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.