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

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$8.9 $0.17 (1.87%) GOGL stock closing price Jun 21, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Golden Ocean Group Limited stock analysis. As in our Golden Ocean Group Limited stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. A company releases its balance sheet every quarter along with its quarterly results. Golden Ocean Group Limited had a long term debt of $1.14B at the end of 2018 Q1. To understand the debt servicing capacity of the company, one needs to look at Golden Ocean Group Limited operating cash flow and Golden Ocean Group Limited revenue also. Golden Ocean Group Limited debt to equity ratio is 0.96.

View and download Golden Ocean Group Limited quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash306.19M317.13M127.89M127.06M209.74M213.25M192.21M226.55M261.44M102.96M
Marketable Securities-20.04M---8.11M---16.25M
Receivables-50.79M---27.66M---33.07M
Inventory-20.14M---17.95M---15.15M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets144.02M36.38M109.56M107.96M99.88M32.93M92.92M89.55M81.76M36.2M
Total Current Assets
450.21M444.5M237.45M235.02M309.62M299.93M285.14M316.11M343.2M203.66M
Property Plant & Equipment----------
Accumulated Depreciation----------
Net Property Plant & Equipment
2.49B2.32B2.3B2.37B2.04B1.94B1.97B1.96B1.94B1.84B
Investment & Advances-2.28M---4.22M---6.22M
Other Non-Current Assets----------
Deferred Charges---------5.79M
Intangibles----------
Deposits & Other Assets95.34M100.48M255.6M122.58M117.77M115.01M122.64M127.89M131.22M127.81M
Total Assets
3.04B2.87B2.79B2.73B2.47B2.36B2.38B2.4B2.41B2.18B
Notes Payable-------3.6M--
Accounts Payable-8.13M---4.26M---6.63M
Current Portion Long-Term Debt301.3M109.67M28.78M-54.04M-4.76M14.6M15.17M20.38M
Current Portion Capital Leases5.34M5.23M5.14M5.04M4.94M4.85M---15.74M
Accrued Expenses-24.3M---17.86M---17.87M
Income Taxes Payable----------
Other Current Liabilities71.28M34.38M54.64M51.89M45.27M16.6M63.76M57.38M49.16M19.39M
Total Current Liabilities
377.92M181.72M88.56M56.94M104.26M43.6M68.52M71.98M64.34M80.03M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt1.14B1.18B1.3B1.29B1.06B1.06B1.07B1.07B1.04B913.91M
Non-Current Capital Leases6.08M7.43M8.79M10.12M11.41M12.67M---17.53M
Other Long-Term Liabilities7.94M8.05M8.09M8.13M8.17M8.21M8.34M8.38M8.49M8.54M
Total Liabilities
1.53B1.38B1.41B1.36B1.18B1.12B1.15B1.15B1.11B1.02B
Minority Interest----------
Preferred Stock----------
Common Stock Net7.21M7.11M6.61M6.47M5.72M5.29M5.29M5.29M5.29M1.72M
Capital Surplus1.84B1.83B1.75B1.74B1.64B1.58B1.58B1.58B1.58B1.38B
Retained Earnings--351.9M-379.02M-379.39M-367.43M-349.55M-356.03M-329.29M-290.08M-221.84M
Treasury Stock----------
Other Liabilities-335.6M5.32M4.87M4.93M7.64M2.28M--0.63M--
Shareholders Equity1.51B1.49B1.39B1.37B1.28B1.24B1.23B1.26B1.3B1.16B
Total Liabilities & Shareholders Equity3.04B2.87B2.79B2.73B2.47B2.36B2.38B2.4B2.41B2.18B
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Golden Ocean Group Limited stock price, and Golden Ocean Group Limited historical stock prices show the stock price movement over time, and the Golden Ocean Group Limited PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:

  • Assets: An asset is a resource that a corporation like Golden Ocean Group Limited owns and has monetary significance. GOGL assets grew from $2.87B in 2017 Q4 to $3.04B in 2018 Q1. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: The total liabilities of Golden Ocean Group Limited for the quarter 2018 Q1 total to $1.53B. Liabilities for a company like Golden Ocean Group Limited include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Golden Ocean Group Limited Balance Sheet - Key Ratios

Current ratio
1.19
Debt to equity ratio
0.96
Asset turnover ratio
0.2
Receivables turnover
0
Price to book ratio
0.93