Golden Ocean Group Limited Balance Sheet - Annual (NASDAQ:GOGL)

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$9.13 $0.11 (1.19%) GOGL stock closing price Sep 20, 2018 (Closing)

The financial analysis of a company like Golden Ocean Group Limited involves checking the three financial statements of the company in detail, of which the balance sheet is one. Financial strength can be guaged by performing Golden Ocean Group Limited stock analysis and by analyzing the balance sheet. A company releases its balance sheet every year along with its annual results. The Golden Ocean Group Limited balance sheet for 2017 shows total assets of $2.87B. The company has a asset turnover ratio of 0.19. Also see: Golden Ocean Group Limited revenue and Golden Ocean Group Limited operating cash flow for the same year.

View latest 10 year balance sheet data to check Golden Ocean Group Limited financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash317.13M213.25M102.96M42.22M98.25M79.25M61.84M71.77M17.96M87.99M
Marketable Securities20.04M8.11M16.25M-------
Receivables50.79M27.66M33.07M6.64M4.24M4.79M11.39M-5.09M3.19M
Inventory20.14M17.95M15.15M13.24M1.72M1.18M3.79M-3.16M1.22M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets36.38M32.93M36.2M2.16M--4.34M6.15M3.09M-
Total Current Assets
444.5M299.93M203.66M64.27M104.74M85.84M81.37M77.92M29.32M92.88M
Property Plant & Equipment----------
Accumulated Depreciation----42.83M31.75M221.61M---
Net Property Plant & Equipment
2.32B1.94B1.84B1.18B289.45M273.82M436.27M459.03M344.39M238.66M
Investment & Advances2.28M4.22M6.22M-------
Other Non-Current Assets----------
Deferred Charges--5.79M3.53M-1.22M2.11M2.62M1.22M-
Intangibles----------
Deposits & Other Assets100.48M115.01M127.81M18.92M15M36.52M1.45M2.36M--
Total Assets
2.87B2.36B2.18B1.26B409.85M397.42M521.21M541.95M374.94M331.68M
Notes Payable-------3.6M--
Accounts Payable8.13M4.26M6.63M7.49M1.43M1.27M2.37M-3.66M1.82M
Current Portion Long-Term Debt109.67M-20.38M19.81M-4.7M3.6M-13.96M42.56M
Current Portion Capital Leases5.23M4.85M15.74M-------
Accrued Expenses24.3M17.86M17.87M4.19M2.36M2.5M4.51M-6.84M2.11M
Income Taxes Payable----------
Other Current Liabilities34.38M16.6M19.39M3.28M3.62M3.02M-8.71M4.25M2.4M
Total Current Liabilities
181.72M43.6M80.03M34.77M7.41M11.49M11.14M12.31M28.71M48.9M
Mortgages----------
Deferred Taxes/Income-----1.25M----
Convertible Debt----------
Long-Term Debt1.18B1.06B913.91M343.68M95M106.97M150.14M153.74M106.52M60.48M
Non-Current Capital Leases7.43M12.67M17.53M-------
Other Long-Term Liabilities8.05M8.21M8.54M-------
Total Liabilities
1.38B1.12B1.02B378.46M102.41M119.72M161.28M166.05M135.23M109.38M
Minority Interest----------
Preferred Stock----------
Common Stock Net7.11M5.29M1.72M-------
Capital Surplus1.83B1.58B1.38B884.47M315.05M281.46M310.27M-179.01M179.01M
Retained Earnings-351.9M-349.55M-221.84M-1M-7.91M-4.01M49.41M-60.52M43.11M
Treasury Stock----------
Other Liabilities5.32M2.28M--------
Shareholders Equity1.49B1.24B1.16B884.27M307.44M277.69M359.93M375.9M239.71M222.3M
Total Liabilities & Shareholders Equity2.87B2.36B2.18B1.26B409.85M397.42M521.21M541.95M374.94M331.68M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Golden Ocean Group Limited historical stock prices and the current Golden Ocean Group Limited stock price can tell you how the stock price has moved, whereas the Golden Ocean Group Limited PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Golden Ocean Group Limited owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for GOGL stock as of 2017 is $2.87B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. GOGL stock had total liabilities of $1.38B for the year 2017.

Golden Ocean Group Limited Balance Sheet - Key Ratios

Current ratio
1.33
Debt to equity ratio
0.93
Asset turnover ratio
0.19
Receivables turnover
56.04
Price to book ratio
0.92

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