Genco Shipping & Trading (GNK) Interest Expenses (2009 - 2026)
Genco Shipping & Trading (GNK) posted quarterly Interest Expenses of $4.5 million for Q1 2026, up 76.46% year-over-year from $2.5 million in Q1 2025, and down 19.61% quarter-over-quarter from $5.6 million in Q4 2025.
Genco Shipping & Trading (GNK) Interest Expenses (2009 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has reported Interest Expenses for 18 consecutive years, with $4.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Expenses rose 76.46% year-over-year to $4.5 million; the TTM figure through Mar 2026 stood at $15.8 million (up 33.85% YoY), while the FY2025 annual figure was $12.3 million, down 7.8% from the prior year.
- Interest Expenses retreated to $4.5 million in Q1 2026 per GNK's latest filing, from $5.6 million in the prior quarter.
- Across five years, Interest Expenses topped out at $5.6 million in Q4 2025 and bottomed at -$7.5 million in Q4 2023.
- Historically, Interest Expenses has averaged $2.0 million across 5 years, with a median of $2.6 million in 2025.
- Annual changes were most pronounced in 2023 — Interest Expenses slumped 84.85% — and 2024, when it surged 138.02%.
- Genco Shipping & Trading's Interest Expenses stood at -$4.0 million in 2022, then plunged by 84.85% to -$7.5 million in 2023, then soared by 138.02% to $2.8 million in 2024, then soared by 97.35% to $5.6 million in 2025, then retreated by 19.61% to $4.5 million in 2026.
- Business Quant data shows GNK's Interest Expenses at $4.5 million in Q1 2026, $5.6 million in Q4 2025, and $3.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 232.45 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 439.00 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.77 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -112.20 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | 159.66 Mn |
| 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 | -30.60 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -36.51 Mn |
| 10 | Genco Shipping & Trading | 1.15 Bn | 1.15 Bn | 92.30 Mn | 5.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.75 Mn |
| Jun 30, 2026 | 5.75 Mn |
| Mar 31, 2026 | 4.50 Mn |
| Mar 31, 2026 | 4.50 Mn |
| Dec 31, 2025 | 5.60 Mn |
| Dec 31, 2025 | 5.60 Mn |
| Sep 30, 2025 | 3.15 Mn |
| Sep 30, 2025 | 3.15 Mn |
| Jun 30, 2025 | 2.56 Mn |
| Jun 30, 2025 | 2.56 Mn |
| Mar 31, 2025 | 2.55 Mn |
| Mar 31, 2025 | 2.55 Mn |
| Dec 31, 2024 | 2.84 Mn |
| Dec 31, 2024 | 2.84 Mn |
| Sep 30, 2024 | 2.97 Mn |
| Sep 30, 2024 | 2.97 Mn |
| Jun 30, 2024 | 3.45 Mn |
| Jun 30, 2024 | 3.45 Mn |
| Mar 31, 2024 | 4.04 Mn |
| Mar 31, 2024 | 4.04 Mn |