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Genco Shipping & Trading GNK Minor Bulk — Charter Hire Expense

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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 gnk:CharterHireExpense.

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 minor bulk — charter hire expense?
Genco Shipping & Trading (GNK) reported minor bulk — charter hire expense of $6.1M in Q1 2026.
How has Genco Shipping & Trading's minor bulk — charter hire expense changed year-over-year?
Genco Shipping & Trading's minor bulk — charter hire expense increased by 166.8% year-over-year, from $2.29M to $6.1M.
What is the long-term trend for Genco Shipping & Trading's minor bulk — charter hire expense?
Over 3 years (2022 to 2025), Genco Shipping & Trading's minor bulk — charter hire expense has grown at a -39.7% compound annual growth rate (CAGR), from $27.13M to $5.96M.
What does minor bulk — charter hire expense mean?
Reflects the costs associated with leasing third-party vessels to supplement the company's own fleet capacity for the minor bulk segment. This metric indicates the company's reliance on chartered tonnage to meet contractual obligations or capitalize on market demand.