Golden Ocean Group (GOGL) Financials

$7.68 +0.22 (+2.95%)

Closing price 04:00 PM Eastern

Extended Trading

$7.65 -0.03 (-0.39%)

As of 05:33 PM Eastern

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	223	112	462	519	-138	37	85	-2.35	-128	-221	16
Consolidated Net Income / (Loss)	223	112	462	527	-138	37	85	-2.35	-128	-221	16
Net Income / (Loss) Continuing Operations	223	112	462	519	-138	37	85	-2.35	-128	-221	16
Total Pre-Tax Income	224	113	462	528	-138	37	85	-2.29	-128	-221	16
Total Operating Income	314	189	435	514	-62	101	145	50	-70	-235	19
Total Gross Profit	968	886	1,113	1,203	608	706	656	460	257	190	97
Total Revenue	968	886	1,113	1,203	608	706	656	460	257	190	97
Operating Revenue	968	886	1,113	1,203	608	706	656	460	257	190	97
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	654	697	678	697	670	605	511	410	327	425	77
Selling, General & Admin Expense	24	19	20	18	14	14	15	13	13	12	5.04
Depreciation Expense	142	136	130	124	111	94	92	78	63	53	20
Other Operating Expenses / (Income)	510	540	562	553	450	497	403	318	250	197	53
Impairment Charge	0.00	12	0.00	4.19	95	0.00	1.08	1.07	0.99	153	-
Other Special Charges / (Income)	-21	-9.19	-34	-	0.00	0.00	-0.26	0.31	-0.30	11	0.00
Total Other Income / (Expense), net	-91	-76	27	14	-76	-63	-60	-52	-58	14	-3.23
Interest Expense	108	104	56	40	47	60	75	60	46	30	2.53
Interest & Investment Income	6.87	4.72	2.35	0.48	1.19	4.43	7.58	2.21	1.67	0.85	0.03
Other Income / (Expense), net	11	23	81	53	-30	-8.12	7.29	5.27	-14	43	-0.74
Income Tax Expense	0.55	0.54	0.38	0.39	0.13	0.24	0.23	0.06	-0.16	0.19	0.00
Basic Earnings per Share	$1.12	$0.56	$2.30	$2.74	($0.96)	$0.26	$0.59	($0.02)	($1.34)	($7.30)	$1.52
Weighted Average Basic Shares Outstanding	199.40M	199.63M	200.49M	200.44M	143.33M	143.28M	144.27M	142.20M	105.97M	172.68M	80.12M
Diluted Earnings per Share	$1.12	$0.56	$2.29	$2.73	($0.96)	$0.26	$0.59	($0.02)	($1.34)	($7.30)	$1.52
Weighted Average Diluted Shares Outstanding	199.40M	199.63M	200.49M	200.44M	143.33M	143.28M	144.27M	142.20M	105.97M	172.68M	80.12M
Weighted Average Basic & Diluted Shares Outstanding	199.40M	199.63M	200.49M	200.44M	143.33M	143.28M	144.27M	142.20M	105.97M	172.68M	80.12M
Cash Dividends to Common per Share	$1.20	$0.50	$2.35	$1.60	$0.05	$0.33	$0.45	-	$0.00	$0.00	$3.15

No quarterly income statements for Golden Ocean Group are available.

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

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

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

No quarterly balance sheets for Golden Ocean Group are available.

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.33%	-20.45%	-7.46%	97.91%	-13.86%	7.58%	42.62%	79.09%	35.02%	96.70%	157.59%
EBITDA Growth	34.22%	-46.02%	-6.57%	1,887.90%	-83.19%	-24.09%	67.22%	875.77%	115.47%	-378.46%	117.21%
EBIT Growth	53.53%	-58.97%	-8.98%	721.38%	-198.61%	-39.24%	175.20%	165.87%	56.16%	-1,122.28%	196.85%
NOPAT Growth	67.05%	-56.82%	-15.30%	1,289.04%	-143.16%	-30.84%	312.57%	171.27%	70.09%	-943.88%	185.55%
Net Income Growth	98.82%	-75.69%	-12.40%	482.96%	-470.19%	-56.01%	3,700.30%	98.16%	42.17%	-1,480.68%	509.81%
EPS Growth	100.00%	-75.55%	-16.12%	384.38%	-469.23%	-55.93%	3,050.00%	98.51%	81.64%	-1,480.68%	509.81%
Operating Cash Flow Growth	37.16%	-47.09%	-10.17%	298.46%	-11.23%	-15.07%	98.89%	511.44%	-53.75%	-159.63%	101.93%
Free Cash Flow Firm Growth	530.37%	-117.20%	358.09%	-223.46%	-16.37%	198.77%	120.84%	-131.44%	85.04%	-7.09%	-7,435.13%
Invested Capital Growth	-3.02%	10.01%	-3.93%	32.88%	-8.90%	-4.20%	3.08%	17.55%	4.72%	65.97%	316.61%
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	48.60%	39.59%	58.34%	57.79%	5.75%	29.47%	41.77%	35.62%	6.54%	-57.08%	40.32%
Operating Margin	32.46%	21.29%	39.08%	42.69%	-10.14%	14.26%	22.10%	10.89%	-27.35%	-123.48%	20.15%
EBIT Margin	33.57%	23.91%	46.35%	47.13%	-15.01%	13.11%	23.21%	12.03%	-32.71%	-100.75%	19.39%
Profit (Net Income) Margin	23.05%	12.67%	41.48%	43.82%	-22.65%	5.27%	12.89%	-0.51%	-49.72%	-116.09%	16.54%
Tax Burden Percent	99.76%	99.52%	99.92%	99.93%	100.10%	99.37%	99.73%	102.44%	99.88%	100.09%	98.41%
Interest Burden Percent	68.83%	53.27%	89.56%	93.05%	150.72%	40.44%	55.66%	-4.14%	152.18%	115.12%	86.69%
Effective Tax Rate	0.24%	0.48%	0.08%	0.07%	0.00%	0.63%	0.27%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.26%	6.34%	15.11%	19.95%	-1.86%	4.04%	5.80%	1.54%	-2.41%	-10.29%	2.61%
ROIC Less NNEP Spread (ROIC-NNEP)	2.37%	-0.90%	17.95%	21.47%	-12.65%	-2.51%	-0.30%	-2.59%	-11.72%	-20.06%	0.28%
Return on Net Nonoperating Assets (RNNOA)	1.42%	-0.49%	8.91%	12.02%	-7.69%	-1.59%	-0.20%	-1.71%	-8.25%	-11.33%	0.07%
Return on Equity (ROE)	11.68%	5.85%	24.02%	31.98%	-9.55%	2.45%	5.60%	-0.17%	-10.65%	-21.62%	2.68%
Cash Return on Invested Capital (CROIC)	13.33%	-3.20%	19.12%	-8.29%	7.45%	8.33%	2.77%	-14.59%	-7.02%	-59.89%	-119.96%
Operating Return on Assets (OROA)	9.47%	6.28%	15.38%	18.36%	-3.21%	3.13%	5.23%	2.12%	-3.71%	-11.16%	2.24%
Return on Assets (ROA)	6.50%	3.33%	13.76%	17.08%	-4.84%	1.26%	2.90%	-0.09%	-5.63%	-12.86%	1.91%
Return on Common Equity (ROCE)	11.68%	5.85%	24.02%	31.98%	-9.55%	2.45%	5.60%	-0.17%	-10.65%	-21.62%	2.68%
Return on Equity Simple (ROE_SIMPLE)	11.75%	5.84%	24.09%	27.33%	-10.06%	2.46%	5.55%	-0.16%	-10.31%	-19.06%	1.81%
Net Operating Profit after Tax (NOPAT)	314	188	435	513	-43	100	145	35	-49	-164	19
NOPAT Margin	32.38%	21.19%	39.04%	42.66%	-7.10%	14.17%	22.04%	7.62%	-19.15%	-86.44%	20.15%
Net Nonoperating Expense Percent (NNEP)	7.89%	7.24%	-2.84%	-1.51%	10.79%	6.55%	6.10%	4.13%	9.31%	9.77%	2.34%
Return On Investment Capital (ROIC_SIMPLE)	9.79%	5.70%	14.31%	-	-	-	-	-	-	-	-
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	2.51%	2.11%	1.83%	1.51%	2.26%	2.00%	2.24%	2.73%	4.96%	6.55%	5.21%
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	67.54%	78.71%	60.92%	57.96%	110.14%	85.74%	77.90%	89.11%	127.35%	223.48%	79.85%
Earnings before Interest and Taxes (EBIT)	325	212	516	567	-91	93	152	55	-84	-192	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	471	351	650	695	35	208	274	164	17	-109	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	0.90	0.76	0.49	0.29	0.33	0.33	0.31	0.07	0.04	0.08
Price to Tangible Book Value (P/TBV)	0.92	0.90	0.76	0.49	0.29	0.33	0.33	0.31	0.07	0.04	0.08
Price to Revenue (P/Rev)	1.81	1.95	1.31	0.79	0.66	0.71	0.76	1.01	0.34	0.24	0.77
Price to Earnings (P/E)	7.87	15.42	3.15	1.83	0.00	13.52	5.87	0.00	0.00	0.00	4.63
Dividend Yield	13.64%	5.79%	44.04%	24.17%	11.56%	9.33%	12.90%	0.00%	0.00%	0.00%	25.72%
Earnings Yield	12.71%	6.48%	31.71%	54.76%	0.00%	7.40%	17.04%	0.00%	0.00%	0.00%	21.60%
Enterprise Value to Invested Capital (EV/IC)	0.95	0.94	0.84	0.67	0.57	0.58	0.59	0.56	0.45	0.44	0.33
Enterprise Value to Revenue (EV/Rev)	2.96	3.29	2.12	1.63	2.06	2.00	2.29	3.00	3.65	4.64	4.09
Enterprise Value to EBITDA (EV/EBITDA)	6.09	8.30	3.63	2.81	35.81	6.80	5.49	8.43	55.83	0.00	10.14
Enterprise Value to EBIT (EV/EBIT)	8.81	13.75	4.57	3.45	0.00	15.28	9.87	24.95	0.00	0.00	21.09
Enterprise Value to NOPAT (EV/NOPAT)	9.14	15.51	5.43	3.81	0.00	14.14	10.40	39.40	0.00	0.00	20.29
Enterprise Value to Operating Cash Flow (EV/OCF)	7.84	10.93	4.69	3.49	8.91	8.93	8.06	14.72	0.00	0.00	15.90
Enterprise Value to Free Cash Flow (EV/FCFF)	7.03	0.00	4.29	0.00	7.25	6.85	21.76	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.71	0.58	0.65	0.76	0.74	0.89	0.84	0.87	0.83	0.41
Long-Term Debt to Equity	0.63	0.66	0.54	0.60	0.70	0.68	0.58	0.76	0.86	0.80	0.39
Financial Leverage	0.60	0.54	0.50	0.56	0.61	0.63	0.65	0.66	0.70	0.56	0.25
Leverage Ratio	1.80	1.76	1.75	1.87	1.97	1.95	1.93	1.91	1.89	1.68	1.40
Compound Leverage Factor	1.24	0.94	1.56	1.74	2.97	0.79	1.07	-0.08	2.88	1.94	1.22
Debt to Total Capital	40.67%	41.62%	36.90%	39.56%	43.30%	42.40%	47.10%	45.69%	46.48%	45.36%	29.13%
Short-Term Debt to Total Capital	3.56%	3.32%	3.06%	3.32%	3.64%	3.34%	16.58%	4.18%	0.21%	1.70%	1.59%
Long-Term Debt to Total Capital	37.12%	38.30%	33.84%	36.24%	39.67%	39.06%	30.52%	41.52%	46.27%	43.65%	27.54%
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	59.33%	58.38%	63.10%	60.44%	56.70%	57.60%	52.90%	54.31%	53.52%	54.64%	70.87%
Debt to EBITDA	2.77	3.91	1.73	1.82	29.89	5.35	4.95	7.67	64.07	-8.86	9.32
Net Debt to EBITDA	2.36	3.37	1.39	1.45	24.30	4.38	3.68	5.60	50.63	-7.70	8.24
Long-Term Debt to EBITDA	2.53	3.60	1.58	1.66	27.38	4.93	3.21	6.97	63.78	-8.52	8.81
Debt to NOPAT	4.15	7.30	2.58	2.46	-24.22	11.14	9.38	35.86	-21.88	-5.85	18.65
Net Debt to NOPAT	3.54	6.29	2.08	1.96	-19.69	9.11	6.97	26.18	-17.29	-5.09	16.49
Long-Term Debt to NOPAT	3.79	6.72	2.36	2.25	-22.19	10.26	6.08	32.59	-21.78	-5.63	17.64
Altman Z-Score	1.47	1.27	1.69	1.37	0.12	0.48	0.44	0.36	-0.04	-0.25	0.27
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	1.22	1.23	1.41	1.49	1.18	1.42	0.85	2.45	6.88	2.54	1.85
Quick Ratio	0.71	0.72	0.79	0.96	0.75	0.95	0.66	2.09	5.70	1.90	1.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	407	-95	550	-213	173	206	69	-332	-143	-957	-894
Operating Cash Flow to CapEx	360.08%	88.89%	10,061.70%	191.56%	556.53%	359.11%	1,796.99%	1,264.42%	-11,751.03%	-61,779.17%	103.23%
Free Cash Flow to Firm to Interest Expense	3.76	-0.91	9.78	-5.34	3.64	3.47	0.92	-5.54	-3.15	-32.09	-354.06
Operating Cash Flow to Interest Expense	3.38	2.57	8.95	14.04	2.96	2.66	2.48	1.57	-0.50	-0.50	9.85
Operating Cash Flow Less CapEx to Interest Expense	2.44	-0.32	8.86	6.71	2.43	1.92	2.35	1.44	-0.51	-0.50	0.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.26	0.33	0.39	0.21	0.24	0.23	0.18	0.11	0.11	0.12
Accounts Receivable Turnover	31.67	34.85	40.68	40.00	16.54	17.12	15.92	11.73	8.46	9.58	17.76
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)	11.53	10.47	8.97	9.13	22.07	21.32	22.93	31.13	43.16	38.11	20.55
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)	11.53	10.47	8.97	9.13	22.07	21.32	22.93	31.13	43.16	38.11	20.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,009	3,102	2,820	2,935	2,209	2,425	2,531	2,456	2,089	1,995	1,202
Invested Capital Turnover	0.32	0.30	0.39	0.47	0.26	0.28	0.26	0.20	0.13	0.12	0.13
Increase / (Decrease) in Invested Capital	-94	282	-115	726	-216	-106	76	367	94	793	913
Enterprise Value (EV)	2,865	2,912	2,359	1,955	1,252	1,414	1,504	1,381	938	882	395
Market Capitalization	1,756	1,731	1,456	949	403	503	496	463	87	46	74
Book Value per Share	$9.52	$9.59	$9.56	$13.46	$9.55	$10.49	$10.71	$14.10	$7.17	$14.46	$29.02
Tangible Book Value per Share	$9.52	$9.59	$9.56	$13.46	$9.55	$10.49	$10.71	$14.10	$7.17	$14.46	$29.02
Total Capital	3,203	3,292	3,038	3,191	2,414	2,627	2,880	2,751	2,315	2,120	1,248
Total Debt	1,303	1,370	1,121	1,262	1,045	1,114	1,356	1,257	1,076	962	364
Total Long-Term Debt	1,189	1,261	1,028	1,156	958	1,026	879	1,142	1,071	926	344
Net Debt	1,109	1,180	903	1,007	850	911	1,008	918	850	836	321
Capital Expenditures (CapEx)	101	300	5.00	293	25	44	10	7.42	0.19	0.02	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	25	31	28	13	-49	5.38	50	40	40	41	7.09
Debt-free Net Working Capital (DFNWC)	166	162	180	227	131	186	397	378	261	160	49
Net Working Capital (NWC)	52	53	88	121	43	99	-80	263	256	124	30
Net Nonoperating Expense (NNE)	90	75	-27	-14	95	63	60	37	79	56	3.49
Net Nonoperating Obligations (NNO)	1,109	1,180	903	1,007	840	911	1,008	962	850	836	318
Total Depreciation and Amortization (D&A)	146	139	133	128	126	115	122	109	101	83	20
Debt-free, Cash-free Net Working Capital to Revenue	2.60%	3.49%	2.50%	1.06%	-8.01%	0.76%	7.63%	8.80%	15.50%	21.31%	7.33%
Debt-free Net Working Capital to Revenue	17.14%	18.29%	16.20%	18.88%	21.50%	26.40%	60.53%	82.10%	101.68%	83.98%	50.99%
Net Working Capital to Revenue	5.39%	5.95%	7.86%	10.08%	7.05%	13.97%	-12.23%	57.12%	99.79%	64.98%	30.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.12	$0.56	$2.30	$2.74	($0.96)	$0.26	$0.59	($0.02)	($1.34)	$0.00	$1.50
Adjusted Weighted Average Basic Shares Outstanding	199.40M	199.63M	200.49M	200.44M	143.33M	143.28M	144.27M	142.20M	105.97M	0.00	16.02M
Adjusted Diluted Earnings per Share	$1.12	$0.56	$2.29	$2.73	($0.96)	$0.26	$0.59	($0.02)	($1.34)	$0.00	$1.50
Adjusted Weighted Average Diluted Shares Outstanding	199.40M	199.63M	200.49M	200.44M	143.33M	143.28M	144.27M	142.20M	105.97M	0.00	16.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.96)	$0.26	$0.59	($0.02)	($1.34)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	199.40M	199.63M	200.49M	200.44M	143.33M	143.28M	144.27M	142.20M	105.97M	0.00	16.02M
Normalized Net Operating Profit after Tax (NOPAT)	292	190	401	517	23	100	145	36	-49	-50	14
Normalized NOPAT Margin	30.17%	21.48%	35.98%	43.00%	3.83%	14.17%	22.17%	7.83%	-18.96%	-26.32%	14.10%
Pre Tax Income Margin	23.11%	12.74%	41.51%	43.85%	-22.62%	5.30%	12.92%	-0.50%	-49.78%	-115.99%	16.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.00	2.04	9.18	14.21	-1.92	1.55	2.03	0.92	-1.85	-6.43	7.43
NOPAT to Interest Expense	2.90	1.81	7.73	12.86	-0.91	1.68	1.93	0.59	-1.08	-5.51	7.72
EBIT Less CapEx to Interest Expense	2.07	-0.85	9.09	6.88	-2.45	0.81	1.89	0.80	-1.85	-6.43	-2.11
NOPAT Less CapEx to Interest Expense	1.96	-1.08	7.64	5.53	-1.44	0.94	1.79	0.46	-1.08	-5.51	-1.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	107.48%	89.09%	102.13%	60.83%	-5.20%	125.35%	76.79%	0.00%	0.00%	0.00%	181.23%
Augmented Payout Ratio	110.05%	96.53%	102.84%	60.83%	-5.20%	140.15%	79.03%	0.00%	0.00%	0.00%	181.23%

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. Find out what analysts predict for Golden Ocean Group in the coming months.

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 5/30/2025 by MarketBeat.com Staff

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Golden Ocean Group (GOGL) Financials

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