Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt? [Yahoo! Finance News]
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
Check Earnings Report
US:NYSE Investor Relations:
gencoshipping.com
Company Research
Source: Yahoo! Finance News
Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt? Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk. So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. As with many other companies Genco Shipping & Trading Limited NYSE:GNK When Is Debt A Problem? Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more usual but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. When we think about a company's use of debt, we
Show less
Read more
Impact Snapshot
Event Time:
GNK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GNK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GNK alerts
High impacting Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) news events
Weekly update
A roundup of the hottest topics
GNK
News
- Genco Shipping & Trading Limited Outlines Economou's Track Record in Letter to Shareholders [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Limited Outlines Economou’s Track Record in Letter to ShareholdersGlobeNewswire
- Genco Shipping & Trading Limited Shareholders Invited to Webcast with Board and Management Team [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Limited Shareholders Invited to Webcast with Board and Management TeamGlobeNewswire
- Genco Shipping & Trading's (NYSE:GNK) investors will be pleased with their solid 197% return over the last five years [Yahoo! Finance]Yahoo! Finance
GNK
Earnings
- 2/21/24 - Beat
GNK
Sec Filings
- 4/30/24 - Form DEFA14A
- 4/29/24 - Form DEFA14A
- 4/24/24 - Form DEFA14A
- GNK's page on the SEC website