What is Genco Shipping & Trading's assets held for sale?

Genco Shipping & Trading (GNK) reported assets held for sale of $8.59M in Q1 2026.

What does assets held for sale mean?

Assets committed to a plan of sale, expected to be sold within one year, and carried at the lower of carrying amount or fair value less costs to sell.

Genco Shipping & Trading GNK Assets Held for Sale

Assets Held for Sale at other companies

World KinectWKC

$106.5M—

EastGroup PropertiesEGP

——

Other financials

Income statement

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Revenue$114.4M+60.6%

Operating income$13.3M+236%

Net income$9.3M+178%

EPS (diluted)$0.21+175%

Balance sheet

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Cash & equivalents$54.8M+81.1%

Total debt$324.5M+264%

Total equity$885.4M-2.0%

Total assets$1.3B+20.6%

Cash flow

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Operating cash flow$15.7M+441%

CapEx$405.0K-37.9%

Free cash flow$15.3M+579%

Valuation

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Market cap$1.05B+71.0%

Enterprise value$1.32B+97.8%

P/S2.7×+1.1×

Profitability

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Operating margin7.9%-6.7pp

Net margin-2.1%—

FCF margin10.8%-14.1pp

Returns & leverage

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Return on equity-0.8%—

Debt / equity0.4×+0.3×

Current ratio3×+1.2×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept us-gaap:AssetsHeldForSaleNotPartOfDisposalGroupCurrent.

The official record: Genco Shipping & Trading’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genco Shipping & Trading's assets held for sale?: Genco Shipping & Trading (GNK) reported assets held for sale of $8.59M in Q1 2026.
What does assets held for sale mean?: Assets committed to a plan of sale, expected to be sold within one year, and carried at the lower of carrying amount or fair value less costs to sell.