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Genco Shipping & Trading GNK Deferred Drydock Costs Net

Deferred Drydock Costs Net at other companies

International Seaways, Inc. logo
International Seaways, Inc.INSW
$98.04M+10.7%
Dorian LPG logo
Dorian LPGLPG
$5.01M+2,322%
Tidewater logo
TidewaterTDW
$28.12M+1.1%
International Seaways, Inc. logo
International Seaways, Inc.INSW
$13.85M-18.0%
Matsons logo
MatsonsMATX
$11.9M+14.4%
Matsons logo
MatsonsMATX
$7.7M+16.7%

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 ratio+1.2×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept gnk:DeferredDrydockCostsNet.

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 deferred drydock costs net?
Genco Shipping & Trading (GNK) reported deferred drydock costs net of $56.69M in Q1 2026.
How has Genco Shipping & Trading's deferred drydock costs net changed year-over-year?
Genco Shipping & Trading's deferred drydock costs net increased by 55.2% year-over-year, from $36.53M to $56.69M.
What is the long-term trend for Genco Shipping & Trading's deferred drydock costs net?
Over 5 years (2020 to 2025), Genco Shipping & Trading's deferred drydock costs net has grown at a 33.5% compound annual growth rate (CAGR), from $14.69M to $62.39M.
What does deferred drydock costs net mean?
This represents the capitalized costs associated with mandatory periodic vessel surveys and maintenance, amortized over the period until the next scheduled drydocking. These costs are essential for maintaining vessel classification and regulatory compliance required to operate in international shipping markets. Tracking this metric allows investors to understand the timing of major maintenance cycles and their impact on future cash outflows.