Genco Shipping & Trading (FRA:GNU1) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)

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What is Genco Shipping & Trading LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Genco Shipping & Trading's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Genco Shipping & Trading's long-term debt to total assets ratio declined from Dec. 2023 (0.17) to Dec. 2024 (0.08). It may suggest that Genco Shipping & Trading is progressively becoming less dependent on debt to grow their business.

Genco Shipping & Trading LT-Debt-to-Total-Asset Historical Data

The historical data trend for Genco Shipping & Trading's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Genco Shipping & Trading LT-Debt-to-Total-Asset Chart

Genco Shipping & Trading Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.30

0.20

0.14

0.17

0.08

Genco Shipping & Trading Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.15	0.09	0.07	0.08

Genco Shipping & Trading LT-Debt-to-Total-Asset Calculation

Genco Shipping & Trading's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	83.767	/	1009.055
	=	0.08

Genco Shipping & Trading's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	83.767	/	1009.055
	=	0.08

Genco Shipping & Trading (FRA:GNU1) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Genco Shipping & Trading LT-Debt-to-Total-Asset Related Terms

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Genco Shipping & Trading Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Genco Shipping & Trading Ltd (FRA:GNU1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GNK:USA GNU1:Germany

Address

299 Park Avenue, 12th Floor, New York, NY, USA, 10171

Website

https://www.gencoshipping.com

Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, with two reportable segment: Major and Minor bulk fleet. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters. oyage revenues also include the sale of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.

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