Genco Shipping & Trading (GNK) Interest Coverage Ratio (2009 - 2026)
Genco Shipping & Trading's (GNK) quarterly Interest Coverage Ratio came in at 2.96 in Q1 2026, up 177.21% year-on-year from 1.07 in Q1 2025, and up 199.8% on a QoQ basis from 2.97 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.
- On a quarterly basis, Interest Coverage Ratio rose 177.21% year-over-year to 2.96 in Q1 2026; TTM through Mar 2026 was 8.06, a 85.94% decrease from a year earlier, with the FY2025 full-year figure at 0.61, down 90.69% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 2.96, up from 2.97 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for GNK reached as high as 20.46 in Q2 2022 and fell as low as 15.18 in Q3 2023.
- Historically, Interest Coverage Ratio has averaged 4.13 across 5 years, with a median of 2.96 in 2026.
- Across the five-year window, Interest Coverage Ratio jumped 1251.34% in 2022 and plunged 176.5% in 2023, its largest moves.
- Year by year, Interest Coverage Ratio stood at 10.87 in 2022, then plunged by 161.35% to 6.67 in 2023, then jumped by 72.66% to 1.82 in 2024, then slumped by 62.59% to 2.97 in 2025, then jumped by 199.8% to 2.96 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 2.96 in Q1 2026, 2.97 in Q4 2025, and 0.78 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,964,341.97 Bn | 2,964,341.05 Bn | 57.20 Mn | 0.16 |
| 2 | Danaos | 2,542.12 Bn | 2,541.24 Bn | 203.71 Mn | 9.51 |
| 3 | Sfl | 1,584.69 Bn | 1,584.53 Bn | 66.27 Mn | 1.66 |
| 4 | Capital Clean Energy Carriers | 1,419.00 Bn | 1,418.46 Bn | 95.52 Mn | -4.00 |
| 5 | Globus Maritime | 59.97 Bn | 59.95 Bn | 8,083.00 | -0.01 |
| 6 | Kirby | 8.07 Bn | 7.99 Bn | 291.34 Mn | 37.26 |
| 7 | Matson | 6.26 Bn | 6.16 Bn | - | 0.15 |
| 8 | Hafnia | 3.73 Bn | 3.62 Bn | 152.41 Mn | -8.49 |
| 9 | Intercont (Cayman) | 3.56 Bn | 3.56 Bn | - | - |
| 10 | Genco Shipping & Trading | 1.10 Bn | 1.10 Bn | 32.77 Mn | 2.96 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.96 |
| Dec 31, 2025 | -2.97 |
| Sep 30, 2025 | 0.78 |
| Jun 30, 2025 | -1.67 |
| Mar 31, 2025 | -3.83 |
| Dec 31, 2024 | -1.82 |
| Sep 30, 2024 | 8.09 |
| Jun 30, 2024 | 7.62 |
| Mar 31, 2024 | 5.47 |
| Dec 31, 2023 | -6.67 |
| Sep 30, 2023 | -15.18 |
| Jun 30, 2023 | 6.11 |
| Mar 31, 2023 | 1.33 |
| Dec 31, 2022 | 10.87 |
| Sep 30, 2022 | 19.85 |
| Jun 30, 2022 | 20.46 |
| Mar 31, 2022 | 18.77 |
| Dec 31, 2021 | -77.27 |
| Sep 30, 2021 | 16.58 |
| Jun 30, 2021 | 8.11 |