Genco Shipping & Trading (GNK) Interest Coverage Ratio (2009 - 2026)
Genco Shipping & Trading (GNK) posted quarterly Interest Coverage Ratio of 2.96 for Q1 2026, up 177.21% year-over-year from 1.07 in Q1 2025, and down 13.0% quarter-over-quarter from 3.4 in Q4 2025.
Genco Shipping & Trading (GNK) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has reported Interest Coverage Ratio for 18 consecutive years, with 2.96 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 177.21% year-over-year to 2.96; the TTM figure through Mar 2026 stood at 1.93 (down 58.64% YoY), while the FY2025 annual figure was 0.61, down 90.69% from the prior year.
- Interest Coverage Ratio fell to 2.96 in Q1 2026 per GNK's latest filing, from 3.4 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 20.46 in Q2 2022 and bottomed at 15.18 in Q3 2023.
- Historically, Interest Coverage Ratio has averaged 4.16 across 5 years, with a median of 3.4 in 2025.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio soared 1251.34% — and 2023, when it slumped 176.5%.
- Genco Shipping & Trading's Interest Coverage Ratio stood at 7.63 in 2022, then soared by 87.63% to 0.94 in 2023, then soared by 646.03% to 5.15 in 2024, then tumbled by 33.98% to 3.4 in 2025, then dropped by 13.0% to 2.96 in 2026.
- Business Quant data shows GNK's Interest Coverage Ratio at 2.96 in Q1 2026, 3.4 in Q4 2025, and 0.78 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 0.53 |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 0.36 |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -2.21 |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 0.16 |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | - |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | - |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -11.44 |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -6.22 |
| 10 | Genco Shipping & Trading | 1.15 Bn | 1.15 Bn | 92.30 Mn | 3.78 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.78 |
| Mar 31, 2026 | 2.96 |
| Dec 31, 2025 | 3.40 |
| 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 | -0.94 |
| Sep 30, 2023 | -15.18 |
| Jun 30, 2023 | 6.11 |
| Mar 31, 2023 | 1.33 |
| Dec 31, 2022 | -7.63 |
| Sep 30, 2022 | 19.85 |
| Jun 30, 2022 | 20.46 |
| Mar 31, 2022 | 18.77 |
| Dec 31, 2021 | -8.69 |
| Sep 30, 2021 | 16.58 |