v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 54,770 $ 55,540
Due from charterers, net of a reserve of $581 and $519, respectively 20,273 14,284
Prepaid expenses and other current assets 14,204 14,053
Inventories 22,859 25,187
Vessels held for sale 8,585  
Total current assets 120,691 109,064
Noncurrent assets:    
Vessels, net of accumulated depreciation of $379,360 and $372,525, respectively 1,062,459 939,327
Deposits on vessels   14,585
Deferred drydock, net of accumulated amortization of $31,502 and $29,389, respectively 56,693 62,389
Fixed assets, net of accumulated depreciation and amortization of $12,692 and $12,521, respectively 6,993 7,492
Operating lease right-of-use assets 5,152 5,251
Total noncurrent assets 1,131,297 1,029,044
Total assets 1,251,988 1,138,108
Current liabilities:    
Accounts payable and accrued expenses 34,536 36,843
Deferred revenue 5,979 8,826
Total current liabilities: 40,515 45,669
Noncurrent liabilities:    
Long-term operating lease liabilities 5,616 5,539
Long-term debt, net of deferred financing costs of $11,121 and $10,920, respectively 318,879 189,080
Total noncurrent liabilities 324,495 194,619
Total liabilities 365,010 240,288
Commitments and contingencies (Note 14)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 43,577,051 and 43,243,165 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 435 432
Additional paid-in capital 1,444,714 1,465,134
Accumulated deficit (559,773) (569,082)
Total Genco Shipping & Trading Limited shareholders' equity 885,376 896,484
Noncontrolling interest 1,602 1,336
Total equity 886,978 897,820
Total liabilities and equity $ 1,251,988 $ 1,138,108