Genco Shipping A/S — Credit Rating and Financial Key Figures

Genco Shipping A/S (CVR number: 39446502) is a company from KØBENHAVN. The company recorded a gross profit of 1866 kUSD in 2023. The operating profit was 708 kUSD, while net earnings were 724 kUSD. The profitability of the company measured by Return on Assets (ROA) was 11.8 %, which can be considered good but Return on Equity (ROE) was 16.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 77.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Genco Shipping A/S's liquidity measured by quick ratio was 4.4 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.