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Golden Ocean Group (GOGL) Financials

Golden Ocean Group logo
$7.02 -0.06 (-0.78%)
As of 10:07 AM Eastern
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Annual Income Statements for Golden Ocean Group

Annual Income Statements for Golden Ocean Group

This table shows Golden Ocean Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 16 -221 -128 -2.35 85 37 -138 519 462 112 223
Consolidated Net Income / (Loss)		 16 -221 -128 -2.35 85 37 -138 527 462 112 223
Net Income / (Loss) Continuing Operations		 16 -221 -128 -2.35 85 37 -138 519 462 112 223
Total Pre-Tax Income 		16 -221 -128 -2.29 85 37 -138 528 462 113 224
Total Operating Income		 19 -235 -70 50 145 101 -62 514 435 189 314
Total Gross Profit		 97 190 257 460 656 706 608 1,203 1,113 886 968
Total Revenue		 97 190 257 460 656 706 608 1,203 1,113 886 968
Operating Revenue		 97 190 257 460 656 706 608 1,203 1,113 886 968
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 77 425 327 410 511 605 670 697 678 697 654
Selling, General & Admin Expense		 5.04 12 13 13 15 14 14 18 20 19 24
Depreciation Expense		 20 53 63 78 92 94 111 124 130 136 142
Other Operating Expenses / (Income)		 53 197 250 318 403 497 450 553 562 540 510
Impairment Charge		 - 153 0.99 1.07 1.08 0.00 95 4.19 0.00 12 0.00
Other Special Charges / (Income)		 0.00 11 -0.30 0.31 -0.26 0.00 0.00 - -34 -9.19 -21
Total Other Income / (Expense), net		 -3.23 14 -58 -52 -60 -63 -76 14 27 -76 -91
Interest Expense		 2.53 30 46 60 75 60 47 40 56 104 108
Interest & Investment Income		 0.03 0.85 1.67 2.21 7.58 4.43 1.19 0.48 2.35 4.72 6.87
Other Income / (Expense), net		 -0.74 43 -14 5.27 7.29 -8.12 -30 53 81 23 11
Income Tax Expense		 0.00 0.19 -0.16 0.06 0.23 0.24 0.13 0.39 0.38 0.54 0.55
Basic Earnings per Share		 $1.52 ($7.30) ($1.34) ($0.02) $0.59 $0.26 ($0.96) $2.74 $2.30 $0.56 $1.12
Weighted Average Basic Shares Outstanding		 80.12M 172.68M 105.97M 142.20M 144.27M 143.28M 143.33M 200.44M 200.49M 199.63M 199.40M
Diluted Earnings per Share		 $1.52 ($7.30) ($1.34) ($0.02) $0.59 $0.26 ($0.96) $2.73 $2.29 $0.56 $1.12
Weighted Average Diluted Shares Outstanding		 80.12M 172.68M 105.97M 142.20M 144.27M 143.28M 143.33M 200.44M 200.49M 199.63M 199.40M
Weighted Average Basic & Diluted Shares Outstanding		 80.12M 172.68M 105.97M 142.20M 144.27M 143.28M 143.33M 200.44M 200.49M 199.63M 199.40M
Cash Dividends to Common per Share		 $3.15 $0.00 $0.00 - $0.45 $0.33 $0.05 $1.60 $2.35 $0.50 $1.20

Quarterly Income Statements for Golden Ocean Group

No quarterly income statements for Golden Ocean Group are available.

Annual Cash Flow Statements for Golden Ocean Group

This table details how cash moves in and out of Golden Ocean Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 -56 60 116 105 0.62 -209 12 35 -72 -19 13
Net Cash From Operating Activities		 25 -15 -23 94 187 158 141 560 503 266 365
Net Cash From Continuing Operating Activities		 25 -15 -23 94 187 158 141 560 503 266 365
Net Income / (Loss) Continuing Operations		 16 -221 -128 -2.35 85 37 -138 527 462 112 223
Consolidated Net Income / (Loss)		 16 -221 -128 -2.35 85 37 -138 527 462 112 223
Depreciation Expense		 20 53 63 78 92 94 111 124 130 136 142
Amortization Expense		 0.69 30 37 30 30 22 15 4.54 3.62 3.35 3.90
Non-Cash Adjustments To Reconcile Net Income		 -1.32 123 10 -8.11 3.91 7.05 121 -58 -105 12 -17
Changes in Operating Assets and Liabilities, net		 -11 0.40 -5.95 -4.28 -24 -1.28 31 -37 13 3.14 13
Net Cash From Investing Activities		 -317 113 -170 -17 -141 -73 -19 -390 73 -382 -8.20
Net Cash From Continuing Investing Activities		 -317 113 -170 -17 -141 -73 -19 -390 73 -382 -8.20
Purchase of Property, Plant & Equipment		 -24 -0.02 -0.19 -7.42 -10 -44 -25 -293 -5.00 -300 -101
Divestitures		 - - - - 0.00 0.00 1.69 0.94 0.94 0.00 0.00
Sale and/or Maturity of Investments		 - 0.00 0.13 1.61 0.76 1.24 0.08 0.03 0.01 0.01 0.00
Other Investing Activities, net		 -293 145 -170 -11 -132 -11 4.35 -98 77 -82 93
Net Cash From Financing Activities		 236 -37 309 29 -45 -295 -110 -135 -648 96 -344
Net Cash From Continuing Financing Activities		 236 -37 309 29 -45 -295 -110 -135 -648 96 -344
Repayment of Debt		 -5.06 -253 -39 -169 -248 -628 -442 -633 -449 -431 -774
Repurchase of Common Equity		 - - 0.00 0.00 -1.89 -5.50 0.00 0.00 -3.27 -8.36 -5.74
Payment of Dividends		 -29 - 0.00 0.00 -65 -47 -7.16 -321 -472 -100 -240
Issuance of Debt		 270 216 142 75 270 390 322 498 275 635 675
Other Financing Activities, net		 - - - - 0.00 -5.65 18 -32 0.83 0.69 0.52
Cash Interest Paid		 5.85 26 38 56 73 61 36 31 45 88 99
Cash Income Taxes Paid		 0.00 0.27 0.01 0.00 0.01 0.06 0.08 0.15 0.24 0.36 0.47

Quarterly Cash Flow Statements for Golden Ocean Group

No quarterly cash flow statements for Golden Ocean Group are available.

Annual Balance Sheets for Golden Ocean Group

This table presents Golden Ocean Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 1,263 2,173 2,362 2,870 2,951 2,966 2,721 3,454 3,257 3,489 3,379
Total Current Assets		 64 204 300 445 461 332 285 369 299 279 287
Cash & Equivalents		 42 103 213 309 305 153 153 197 135 116 129
Restricted Cash		 0.00 0.35 0.32 8.11 20 10 22 13 3.29 2.25 2.62
Short-Term Investments		 0.00 16 8.12 20 21 18 4.26 4.36 14 12 9.11
Accounts Receivable		 6.65 33 28 51 32 51 23 37 17 34 28
Inventories, net		 13 15 18 20 28 28 25 43 45 41 37
Prepaid Expenses		 0.84 5.69 6.52 8.59 6.13 6.34 10 8.44 13 6.77 12
Other Current Assets		 1.32 31 26 28 48 66 47 66 71 67 69
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 113 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 1,198 1,969 2,062 2,426 2,490 2,634 2,314 3,085 2,958 3,210 3,093
Long-Term Investments		 0.00 6.23 4.22 2.29 1.66 21 16 41 65 59 53
Noncurrent Note & Lease Receivables		 0.00 8.35 2.96 2.06 1.17 205 6.23 105 84 69 54
Other Noncurrent Operating Assets		 1,195 1,955 2,055 2,421 2,487 2,408 2,291 2,939 2,809 3,083 2,986
Total Liabilities & Shareholders' Equity		 1,263 2,173 2,362 2,870 2,951 2,966 2,721 3,454 3,257 3,489 3,379
Total Liabilities		 378 1,014 1,123 1,376 1,428 1,453 1,352 1,525 1,340 1,567 1,479
Total Current Liabilities		 35 80 44 182 542 233 242 248 212 226 234
Short-Term Debt		 20 36 4.86 115 477 88 88 106 93 109 114
Accounts Payable		 7.49 6.63 4.27 8.13 7.75 16 23 20 17 19 15
Accrued Expenses		 4.19 18 18 24 27 45 35 39 43 46 61
Other Current Liabilities		 3.29 19 17 34 30 84 96 83 59 52 45
Total Noncurrent Liabilities		 344 934 1,079 1,194 886 1,219 1,111 1,277 1,129 1,341 1,245
Long-Term Debt		 344 908 1,058 1,135 877 1,026 958 1,156 1,028 1,261 1,189
Other Noncurrent Operating Liabilities		 0.00 8.54 8.21 8.06 7.28 193 153 121 101 80 56
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 884 1,159 1,239 1,494 1,524 1,513 1,369 1,929 1,917 1,922 1,900
Total Preferred & Common Equity		 884 1,159 1,239 1,494 1,524 1,513 1,369 1,929 1,917 1,922 1,900
Total Common Equity		 884 1,159 1,239 1,494 1,524 1,513 1,369 1,929 1,917 1,922 1,900
Common Stock		 774 1.73 207 462 7.45 7.93 8.19 10 11 11 11
Retained Earnings		 -1.01 -222 -350 -352 -268 -229 -367 160 329 340 321
Treasury Stock		 - - - 0.00 -2.64 -5.67 -5.39 -4.31 -5.01 -12 -14
Other Equity Adjustments		 112 1,379 1,379 1,379 1,786 1,740 1,733 1,763 1,582 1,582 1,582

Quarterly Balance Sheets for Golden Ocean Group

No quarterly balance sheets for Golden Ocean Group are available.

Annual Metrics and Ratios for Golden Ocean Group

This table displays calculated financial ratios and metrics derived from Golden Ocean Group's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 157.59% 96.70% 35.02% 79.09% 42.62% 7.58% -13.86% 97.91% -7.46% -20.45% 9.33%
EBITDA Growth		 117.21% -378.46% 115.47% 875.77% 67.22% -24.09% -83.19% 1,887.90% -6.57% -46.02% 34.22%
EBIT Growth		 196.85% -1,122.28% 56.16% 165.87% 175.20% -39.24% -198.61% 721.38% -8.98% -58.97% 53.53%
NOPAT Growth		 185.55% -943.88% 70.09% 171.27% 312.57% -30.84% -143.16% 1,289.04% -15.30% -56.82% 67.05%
Net Income Growth		 509.81% -1,480.68% 42.17% 98.16% 3,700.30% -56.01% -470.19% 482.96% -12.40% -75.69% 98.82%
EPS Growth		 509.81% -1,480.68% 81.64% 98.51% 3,050.00% -55.93% -469.23% 384.38% -16.12% -75.55% 100.00%
Operating Cash Flow Growth		 101.93% -159.63% -53.75% 511.44% 98.89% -15.07% -11.23% 298.46% -10.17% -47.09% 37.16%
Free Cash Flow Firm Growth		 -7,435.13% -7.09% 85.04% -131.44% 120.84% 198.77% -16.37% -223.46% 358.09% -117.20% 530.37%
Invested Capital Growth		 316.61% 65.97% 4.72% 17.55% 3.08% -4.20% -8.90% 32.88% -3.93% 10.01% -3.02%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 40.32% -57.08% 6.54% 35.62% 41.77% 29.47% 5.75% 57.79% 58.34% 39.59% 48.60%
Operating Margin		 20.15% -123.48% -27.35% 10.89% 22.10% 14.26% -10.14% 42.69% 39.08% 21.29% 32.46%
EBIT Margin		 19.39% -100.75% -32.71% 12.03% 23.21% 13.11% -15.01% 47.13% 46.35% 23.91% 33.57%
Profit (Net Income) Margin		 16.54% -116.09% -49.72% -0.51% 12.89% 5.27% -22.65% 43.82% 41.48% 12.67% 23.05%
Tax Burden Percent		 98.41% 100.09% 99.88% 102.44% 99.73% 99.37% 100.10% 99.93% 99.92% 99.52% 99.76%
Interest Burden Percent		 86.69% 115.12% 152.18% -4.14% 55.66% 40.44% 150.72% 93.05% 89.56% 53.27% 68.83%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.27% 0.63% 0.00% 0.07% 0.08% 0.48% 0.24%
Return on Invested Capital (ROIC)		 2.61% -10.29% -2.41% 1.54% 5.80% 4.04% -1.86% 19.95% 15.11% 6.34% 10.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.28% -20.06% -11.72% -2.59% -0.30% -2.51% -12.65% 21.47% 17.95% -0.90% 2.37%
Return on Net Nonoperating Assets (RNNOA)		 0.07% -11.33% -8.25% -1.71% -0.20% -1.59% -7.69% 12.02% 8.91% -0.49% 1.42%
Return on Equity (ROE)		 2.68% -21.62% -10.65% -0.17% 5.60% 2.45% -9.55% 31.98% 24.02% 5.85% 11.68%
Cash Return on Invested Capital (CROIC)		 -119.96% -59.89% -7.02% -14.59% 2.77% 8.33% 7.45% -8.29% 19.12% -3.20% 13.33%
Operating Return on Assets (OROA)		 2.24% -11.16% -3.71% 2.12% 5.23% 3.13% -3.21% 18.36% 15.38% 6.28% 9.47%
Return on Assets (ROA)		 1.91% -12.86% -5.63% -0.09% 2.90% 1.26% -4.84% 17.08% 13.76% 3.33% 6.50%
Return on Common Equity (ROCE)		 2.68% -21.62% -10.65% -0.17% 5.60% 2.45% -9.55% 31.98% 24.02% 5.85% 11.68%
Return on Equity Simple (ROE_SIMPLE)		 1.81% -19.06% -10.31% -0.16% 5.55% 2.46% -10.06% 27.33% 24.09% 5.84% 11.75%
Net Operating Profit after Tax (NOPAT)		 19 -164 -49 35 145 100 -43 513 435 188 314
NOPAT Margin		 20.15% -86.44% -19.15% 7.62% 22.04% 14.17% -7.10% 42.66% 39.04% 21.19% 32.38%
Net Nonoperating Expense Percent (NNEP)		 2.34% 9.77% 9.31% 4.13% 6.10% 6.55% 10.79% -1.51% -2.84% 7.24% 7.89%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 14.31% 5.70% 9.79%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 5.21% 6.55% 4.96% 2.73% 2.24% 2.00% 2.26% 1.51% 1.83% 2.11% 2.51%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 79.85% 223.48% 127.35% 89.11% 77.90% 85.74% 110.14% 57.96% 60.92% 78.71% 67.54%
Earnings before Interest and Taxes (EBIT)		 19 -192 -84 55 152 93 -91 567 516 212 325
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 39 -109 17 164 274 208 35 695 650 351 471
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.08 0.04 0.07 0.31 0.33 0.33 0.29 0.49 0.76 0.90 0.92
Price to Tangible Book Value (P/TBV)		 0.08 0.04 0.07 0.31 0.33 0.33 0.29 0.49 0.76 0.90 0.92
Price to Revenue (P/Rev)		 0.77 0.24 0.34 1.01 0.76 0.71 0.66 0.79 1.31 1.95 1.81
Price to Earnings (P/E)		 4.63 0.00 0.00 0.00 5.87 13.52 0.00 1.83 3.15 15.42 7.87
Dividend Yield		 25.72% 0.00% 0.00% 0.00% 12.90% 9.33% 11.56% 24.17% 44.04% 5.79% 13.64%
Earnings Yield		 21.60% 0.00% 0.00% 0.00% 17.04% 7.40% 0.00% 54.76% 31.71% 6.48% 12.71%
Enterprise Value to Invested Capital (EV/IC)		 0.33 0.44 0.45 0.56 0.59 0.58 0.57 0.67 0.84 0.94 0.95
Enterprise Value to Revenue (EV/Rev)		 4.09 4.64 3.65 3.00 2.29 2.00 2.06 1.63 2.12 3.29 2.96
Enterprise Value to EBITDA (EV/EBITDA)		 10.14 0.00 55.83 8.43 5.49 6.80 35.81 2.81 3.63 8.30 6.09
Enterprise Value to EBIT (EV/EBIT)		 21.09 0.00 0.00 24.95 9.87 15.28 0.00 3.45 4.57 13.75 8.81
Enterprise Value to NOPAT (EV/NOPAT)		 20.29 0.00 0.00 39.40 10.40 14.14 0.00 3.81 5.43 15.51 9.14
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.90 0.00 0.00 14.72 8.06 8.93 8.91 3.49 4.69 10.93 7.84
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 21.76 6.85 7.25 0.00 4.29 0.00 7.03
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.41 0.83 0.87 0.84 0.89 0.74 0.76 0.65 0.58 0.71 0.69
Long-Term Debt to Equity		 0.39 0.80 0.86 0.76 0.58 0.68 0.70 0.60 0.54 0.66 0.63
Financial Leverage		 0.25 0.56 0.70 0.66 0.65 0.63 0.61 0.56 0.50 0.54 0.60
Leverage Ratio		 1.40 1.68 1.89 1.91 1.93 1.95 1.97 1.87 1.75 1.76 1.80
Compound Leverage Factor		 1.22 1.94 2.88 -0.08 1.07 0.79 2.97 1.74 1.56 0.94 1.24
Debt to Total Capital		 29.13% 45.36% 46.48% 45.69% 47.10% 42.40% 43.30% 39.56% 36.90% 41.62% 40.67%
Short-Term Debt to Total Capital		 1.59% 1.70% 0.21% 4.18% 16.58% 3.34% 3.64% 3.32% 3.06% 3.32% 3.56%
Long-Term Debt to Total Capital		 27.54% 43.65% 46.27% 41.52% 30.52% 39.06% 39.67% 36.24% 33.84% 38.30% 37.12%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 70.87% 54.64% 53.52% 54.31% 52.90% 57.60% 56.70% 60.44% 63.10% 58.38% 59.33%
Debt to EBITDA		 9.32 -8.86 64.07 7.67 4.95 5.35 29.89 1.82 1.73 3.91 2.77
Net Debt to EBITDA		 8.24 -7.70 50.63 5.60 3.68 4.38 24.30 1.45 1.39 3.37 2.36
Long-Term Debt to EBITDA		 8.81 -8.52 63.78 6.97 3.21 4.93 27.38 1.66 1.58 3.60 2.53
Debt to NOPAT		 18.65 -5.85 -21.88 35.86 9.38 11.14 -24.22 2.46 2.58 7.30 4.15
Net Debt to NOPAT		 16.49 -5.09 -17.29 26.18 6.97 9.11 -19.69 1.96 2.08 6.29 3.54
Long-Term Debt to NOPAT		 17.64 -5.63 -21.78 32.59 6.08 10.26 -22.19 2.25 2.36 6.72 3.79
Altman Z-Score		 0.27 -0.25 -0.04 0.36 0.44 0.48 0.12 1.37 1.69 1.27 1.47
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.85 2.54 6.88 2.45 0.85 1.42 1.18 1.49 1.41 1.23 1.22
Quick Ratio		 1.41 1.90 5.70 2.09 0.66 0.95 0.75 0.96 0.79 0.72 0.71
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -894 -957 -143 -332 69 206 173 -213 550 -95 407
Operating Cash Flow to CapEx		 103.23% -61,779.17% -11,751.03% 1,264.42% 1,796.99% 359.11% 556.53% 191.56% 10,061.70% 88.89% 360.08%
Free Cash Flow to Firm to Interest Expense		 -354.06 -32.09 -3.15 -5.54 0.92 3.47 3.64 -5.34 9.78 -0.91 3.76
Operating Cash Flow to Interest Expense		 9.85 -0.50 -0.50 1.57 2.48 2.66 2.96 14.04 8.95 2.57 3.38
Operating Cash Flow Less CapEx to Interest Expense		 0.31 -0.50 -0.51 1.44 2.35 1.92 2.43 6.71 8.86 -0.32 2.44
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.11 0.11 0.18 0.23 0.24 0.21 0.39 0.33 0.26 0.28
Accounts Receivable Turnover		 17.76 9.58 8.46 11.73 15.92 17.12 16.54 40.00 40.68 34.85 31.67
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 20.55 38.11 43.16 31.13 22.93 21.32 22.07 9.13 8.97 10.47 11.53
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 20.55 38.11 43.16 31.13 22.93 21.32 22.07 9.13 8.97 10.47 11.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,202 1,995 2,089 2,456 2,531 2,425 2,209 2,935 2,820 3,102 3,009
Invested Capital Turnover		 0.13 0.12 0.13 0.20 0.26 0.28 0.26 0.47 0.39 0.30 0.32
Increase / (Decrease) in Invested Capital		 913 793 94 367 76 -106 -216 726 -115 282 -94
Enterprise Value (EV)		 395 882 938 1,381 1,504 1,414 1,252 1,955 2,359 2,912 2,865
Market Capitalization		 74 46 87 463 496 503 403 949 1,456 1,731 1,756
Book Value per Share		 $29.02 $14.46 $7.17 $14.10 $10.71 $10.49 $9.55 $13.46 $9.56 $9.59 $9.52
Tangible Book Value per Share		 $29.02 $14.46 $7.17 $14.10 $10.71 $10.49 $9.55 $13.46 $9.56 $9.59 $9.52
Total Capital		 1,248 2,120 2,315 2,751 2,880 2,627 2,414 3,191 3,038 3,292 3,203
Total Debt		 364 962 1,076 1,257 1,356 1,114 1,045 1,262 1,121 1,370 1,303
Total Long-Term Debt		 344 926 1,071 1,142 879 1,026 958 1,156 1,028 1,261 1,189
Net Debt		 321 836 850 918 1,008 911 850 1,007 903 1,180 1,109
Capital Expenditures (CapEx)		 24 0.02 0.19 7.42 10 44 25 293 5.00 300 101
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 7.09 41 40 40 50 5.38 -49 13 28 31 25
Debt-free Net Working Capital (DFNWC)		 49 160 261 378 397 186 131 227 180 162 166
Net Working Capital (NWC)		 30 124 256 263 -80 99 43 121 88 53 52
Net Nonoperating Expense (NNE)		 3.49 56 79 37 60 63 95 -14 -27 75 90
Net Nonoperating Obligations (NNO)		 318 836 850 962 1,008 911 840 1,007 903 1,180 1,109
Total Depreciation and Amortization (D&A)		 20 83 101 109 122 115 126 128 133 139 146
Debt-free, Cash-free Net Working Capital to Revenue		 7.33% 21.31% 15.50% 8.80% 7.63% 0.76% -8.01% 1.06% 2.50% 3.49% 2.60%
Debt-free Net Working Capital to Revenue		 50.99% 83.98% 101.68% 82.10% 60.53% 26.40% 21.50% 18.88% 16.20% 18.29% 17.14%
Net Working Capital to Revenue		 30.50% 64.98% 99.79% 57.12% -12.23% 13.97% 7.05% 10.08% 7.86% 5.95% 5.39%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.50 $0.00 ($1.34) ($0.02) $0.59 $0.26 ($0.96) $2.74 $2.30 $0.56 $1.12
Adjusted Weighted Average Basic Shares Outstanding		 16.02M 0.00 105.97M 142.20M 144.27M 143.28M 143.33M 200.44M 200.49M 199.63M 199.40M
Adjusted Diluted Earnings per Share		 $1.50 $0.00 ($1.34) ($0.02) $0.59 $0.26 ($0.96) $2.73 $2.29 $0.56 $1.12
Adjusted Weighted Average Diluted Shares Outstanding		 16.02M 0.00 105.97M 142.20M 144.27M 143.28M 143.33M 200.44M 200.49M 199.63M 199.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($1.34) ($0.02) $0.59 $0.26 ($0.96) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.02M 0.00 105.97M 142.20M 144.27M 143.28M 143.33M 200.44M 200.49M 199.63M 199.40M
Normalized Net Operating Profit after Tax (NOPAT)		 14 -50 -49 36 145 100 23 517 401 190 292
Normalized NOPAT Margin		 14.10% -26.32% -18.96% 7.83% 22.17% 14.17% 3.83% 43.00% 35.98% 21.48% 30.17%
Pre Tax Income Margin		 16.81% -115.99% -49.78% -0.50% 12.92% 5.30% -22.62% 43.85% 41.51% 12.74% 23.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.43 -6.43 -1.85 0.92 2.03 1.55 -1.92 14.21 9.18 2.04 3.00
NOPAT to Interest Expense		 7.72 -5.51 -1.08 0.59 1.93 1.68 -0.91 12.86 7.73 1.81 2.90
EBIT Less CapEx to Interest Expense		 -2.11 -6.43 -1.85 0.80 1.89 0.81 -2.45 6.88 9.09 -0.85 2.07
NOPAT Less CapEx to Interest Expense		 -1.82 -5.51 -1.08 0.46 1.79 0.94 -1.44 5.53 7.64 -1.08 1.96
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 181.23% 0.00% 0.00% 0.00% 76.79% 125.35% -5.20% 60.83% 102.13% 89.09% 107.48%
Augmented Payout Ratio		 181.23% 0.00% 0.00% 0.00% 79.03% 140.15% -5.20% 60.83% 102.84% 96.53% 110.05%

Quarterly Metrics and Ratios for Golden Ocean Group

No quarterly metrics and ratios for Golden Ocean Group are available.

Frequently Asked Questions About Golden Ocean Group's Financials

When does Golden Ocean Group's financial year end?

According to the most recent income statement we have on file, Golden Ocean Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Golden Ocean Group's net income changed over the last 10 years?

Golden Ocean Group's net income appears to be on an upward trend, with a most recent value of $223.21 million in 2024, rising from $16.00 million in 2014. The previous period was $112.27 million in 2023.

What is Golden Ocean Group's operating income?
Golden Ocean Group's total operating income in 2024 was $314.34 million, based on the following breakdown:
  • Total Gross Profit: $968.42 million
  • Total Operating Expenses: $654.08 million
How has Golden Ocean Group revenue changed over the last 10 years?

Over the last 10 years, Golden Ocean Group's total revenue changed from $96.72 million in 2014 to $968.42 million in 2024, a change of 901.3%.

How much debt does Golden Ocean Group have?

Golden Ocean Group's total liabilities were at $1.48 billion at the end of 2024, a 5.6% decrease from 2023, and a 290.9% increase since 2014.

How much cash does Golden Ocean Group have?

In the past 10 years, Golden Ocean Group's cash and equivalents has ranged from $42.22 million in 2014 to $309.03 million in 2017, and is currently $129.11 million as of their latest financial filing in 2024.

How has Golden Ocean Group's book value per share changed over the last 10 years?

Over the last 10 years, Golden Ocean Group's book value per share changed from 29.02 in 2014 to 9.52 in 2024, a change of -67.2%.

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This page (NASDAQ:GOGL) was last updated on 4/16/2025 by MarketBeat.com Staff
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