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Genco Shipping & Trading GNK Increase Decrease In Prepaid Expense And Other Current Assets

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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+85.5%
Enterprise value$1.32B+111%
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 ratio+1.2×

Where this comes from

Reported directly by Genco Shipping & Trading in its filing.

Tagged under the XBRL concept gnk:IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets.

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 increase decrease in prepaid expense and other current assets?
Genco Shipping & Trading (GNK) reported increase decrease in prepaid expense and other current assets of $338K in Q1 2026.
How has Genco Shipping & Trading's increase decrease in prepaid expense and other current assets changed year-over-year?
Genco Shipping & Trading's increase decrease in prepaid expense and other current assets increased by 206.6% year-over-year, from -$317K to $338K.
What is the long-term trend for Genco Shipping & Trading's increase decrease in prepaid expense and other current assets?
Over 2 years (2023 to 2025), Genco Shipping & Trading's increase decrease in prepaid expense and other current assets has grown at a -2.0% compound annual growth rate (CAGR), from $4.88M to $4.69M.
What does increase decrease in prepaid expense and other current assets mean?
Measures the net change in cash outflows for expenses paid in advance or other short-term assets that will be consumed in the near future. Fluctuations in this metric reflect changes in working capital requirements and the timing of operational payments. A significant increase may indicate higher upfront costs or changes in procurement cycles.