What does vessel asset impairment charges mean?

Represents non-cash charges recognized when the carrying value of a shipping vessel exceeds its recoverable amount. This metric signals potential overvaluation of the fleet or adverse shifts in market conditions affecting asset utility. Investors monitor this to assess the quality of the balance sheet and the impact of market volatility on long-term asset value.

Genco Shipping & Trading GNK Vessel Asset Impairment Charges

Vessel Asset Impairment Charges at other companies

Western Midstream PartnersWES

$608K+20,167%

TKO Group HoldingsTKO

$896.75K-58.7%

Occidental PetroleumOXY

$105M—

Cushman & Wakefield CWK

$0-100%

MascoMAS

$1.25M—

AtlassianTEAM

$53.64M—

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 charges recognized when the carrying value of a shipping vessel exceeds its recoverable amount. This metric signals potential overvaluation of the fleet or adverse shifts in market conditions affecting asset utility. Investors monitor this to assess the quality of the balance sheet and the impact of market volatility on long-term asset value.