What does vessel asset impairment charges mean?

Represents non-cash write-downs recognized when the carrying value of a vessel exceeds its recoverable amount due to market downturns or physical obsolescence. High impairment charges often signal a deterioration in the long-term economic value of the fleet or adverse shifts in shipping market conditions.

Genco Shipping & Trading GNK Vessel Asset Impairment Charges

Vessel Asset Impairment Charges at other companies

Western Midstream PartnersWES

$608K+20,167%

Antero Midstream CorporationAM

$167K-49.7%

OvintivOVV

$1.49B+103%

Medline, Inc. MDLN

$0—

BorgWarnerBWA

$0-100%

Charles River LaboratoriesCRL

$15.86M+50.0%

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+80.1%

Enterprise value$1.32B+106%

P/S2.7×+1.2×

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:VesselAssetImpairmentCharges.

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 vessel asset impairment charges?: Genco Shipping & Trading (GNK) reported vessel asset impairment charges of $527K in Q1 2026.
What does vessel asset impairment charges mean?: Represents non-cash write-downs recognized when the carrying value of a vessel exceeds its recoverable amount due to market downturns or physical obsolescence. High impairment charges often signal a deterioration in the long-term economic value of the fleet or adverse shifts in shipping market conditions.