Golden Ocean Group (GOGL) Financials

$7.64 -0.09 (-1.10%)

As of 12:23 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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. Check out Golden Ocean Group's forecast to explore projected trends and price targets.

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 5/7/2025 by MarketBeat.com Staff

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Golden Ocean Group (GOGL) Financials

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