Genco Shipping & Trading (GNK) Interest Coverage Ratio (2009 - 2026)
Genco Shipping & Trading (GNK) reported Interest Coverage Ratio of 2.96 for Q1 2026, up 177.21% year-over-year from 1.07 in Q1 2025, and down 37.77% quarter-over-quarter from 4.76 in Q4 2025.
Genco Shipping & Trading (GNK) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has 18 years of Interest Coverage Ratio data on file, last reported at 2.96 in Q1 2026.
- Interest Coverage Ratio for Q1 2026 came in at 2.96, up 177.21% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.15 (down 54.0% YoY), and the FY2025 annual result was 0.61, down 90.69% from the prior year.
- Interest Coverage Ratio slipped to 2.96 in Q1 2026 per GNK's latest filing, from 4.76 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 20.46 in Q2 2022 and troughed at 15.18 in Q3 2023.
- A 5-year average of 5.79 and a median of 5.15 in 2024 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio soared 1251.34% in 2022, then slumped 176.5% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 14.17 in 2022, then plunged by 81.06% to 2.68 in 2023, then soared by 91.99% to 5.15 in 2024, then retreated by 7.7% to 4.76 in 2025, then tumbled by 37.77% to 2.96 in 2026.
- Business Quant data shows GNK's Interest Coverage Ratio at 2.96 in Q1 2026, 4.76 in Q4 2025, and 0.78 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | -2,842.87 |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | -23.85 |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 38.38 |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | -8.49 |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 0.60 |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | 0.16 |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | -5.13 |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | -9.34 |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Genco Shipping & Trading | 1.08 Bn | 1.08 Bn | 39.25 Mn | 2.96 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.96 |
| Dec 31, 2025 | 4.76 |
| Sep 30, 2025 | 0.78 |
| Jun 30, 2025 | -1.67 |
| Mar 31, 2025 | -3.83 |
| Dec 31, 2024 | 5.15 |
| Sep 30, 2024 | 8.09 |
| Jun 30, 2024 | 7.62 |
| Mar 31, 2024 | 5.47 |
| Dec 31, 2023 | 2.68 |
| Sep 30, 2023 | -15.18 |
| Jun 30, 2023 | 6.11 |
| Mar 31, 2023 | 2.19 |
| Dec 31, 2022 | 14.17 |
| Sep 30, 2022 | 19.85 |
| Jun 30, 2022 | 20.46 |
| Mar 31, 2022 | 18.77 |
| Dec 31, 2021 | 38.79 |
| Sep 30, 2021 | 16.58 |
| Jun 30, 2021 | 8.11 |