Golden Debt Ratio from 2010 to 2024

GOGL Stock

USD 11.19 0.64 5.41%

Golden Ocean Debt Ratio yearly trend continues to be quite stable with very little volatility. The value of Debt Ratio is projected to decrease to 0.28. From the period between 2010 and 2024, Golden Ocean, Debt Ratio regression line of its data series had standard deviation of 0.07 and standard deviation of 0.07. View All Fundamentals

Debt Ratio

First Reported

2010-12-31

Previous Quarter

0.39272913

Current Value

0.28

Quarterly Volatility

0.07265344

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Covid

Check Golden Ocean financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Golden Ocean's main balance sheet or income statement drivers, such as Depreciation And Amortization of 142.3 M, Interest Expense of 108.8 M or Selling General Administrative of 19 M, as well as many indicators such as Price To Sales Ratio of 4.27, Dividend Yield of 0.0487 or PTB Ratio of 1.22. Golden financial statements analysis is a perfect complement when working with Golden Ocean Valuation or Volatility modules.

Check out the analysis of Golden Ocean Correlation against competitors.

Latest Golden Ocean's Debt Ratio Growth Pattern

Below is the plot of the Debt Ratio of Golden Ocean Group over the last few years. It is Golden Ocean's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Golden Ocean's overall financial position and show how it may be relating to other accounts over time.

Debt Ratio

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Debt Ratio

Timeline

Golden Debt Ratio Regression Statistics

	Arithmetic Mean	0.36
	Geometric Mean	0.35
	Coefficient Of Variation	20.39
	Mean Deviation	0.06
	Median	0.37
	Standard Deviation	0.07
	Sample Variance	0.01
	Range	0.2253
	R-Value	0.33
	Mean Square Error	0.01
	R-Squared	0.11
	Significance	0.23
	Slope	0.01
	Total Sum of Squares	0.07

Golden Debt Ratio History

	2022	0.34
	2021	0.37
	2020	0.39
	2019	0.38
	2018	0.46
	2016	0.45
	2015	0.43

Other Fundumenentals of Golden Ocean Group

Cash Flow To Debt Ratio

Golden Ocean Debt Ratio component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Accounts Payable	Short Term Investments	Intangible Assets	Treasury Stock	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Good Will	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.99	0.01	0.6	0.99	0.76	0.55	0.95	0.82	0.97	0.81	0.62	-0.59	-0.53	-0.72	-0.36	0.65	-0.55	0.89	0.76	-0.53	0.77	0.45	-0.71	0.61
Total Stockholder Equity	0.99		0.97	0.11	0.52	0.97	0.71	0.51	0.96	0.79	0.96	0.8	0.58	-0.63	-0.52	-0.74	-0.42	0.72	-0.56	0.9	0.76	-0.55	0.77	0.52	-0.69	0.68
Net Debt	0.99	0.97		-0.02	0.65	0.99	0.72	0.52	0.93	0.81	0.96	0.79	0.65	-0.57	-0.55	-0.74	-0.31	0.63	-0.56	0.86	0.77	-0.56	0.78	0.39	-0.73	0.57
Retained Earnings	0.01	0.11	-0.02		-0.51	-0.09	-0.42	-0.24	0.21	-0.28	0.11	-0.02	-0.26	-0.3	-0.33	-0.3	-0.58	0.69	0.12	0.29	0.18	-0.34	0.17	0.73	-0.06	0.7
Net Receivables	0.6	0.52	0.65	-0.51		0.67	0.73	0.58	0.43	0.64	0.51	0.54	0.42	-0.02	-0.27	-0.2	0.49	-0.05	-0.24	0.41	0.32	-0.12	0.4	-0.1	-0.47	-0.07
Total Liab	0.99	0.97	0.99	-0.09	0.67		0.79	0.58	0.93	0.84	0.96	0.81	0.65	-0.54	-0.53	-0.69	-0.28	0.57	-0.52	0.85	0.75	-0.51	0.76	0.36	-0.72	0.53
Total Current Assets	0.76	0.71	0.72	-0.42	0.73	0.79		0.74	0.66	0.85	0.7	0.77	0.49	-0.23	-0.32	-0.32	-0.03	0.15	-0.21	0.67	0.48	-0.19	0.55	0.15	-0.56	0.23
Short Term Debt	0.55	0.51	0.52	-0.24	0.58	0.58	0.74		0.48	0.43	0.49	0.54	0.48	-0.17	-0.38	-0.21	-0.03	0.07	0.23	0.49	0.09	-0.46	0.65	0.11	-0.8	0.12
Common Stock	0.95	0.96	0.93	0.21	0.43	0.93	0.66	0.48		0.73	0.97	0.81	0.59	-0.61	-0.64	-0.79	-0.51	0.79	-0.41	0.93	0.83	-0.6	0.82	0.56	-0.74	0.74
Long Term Debt	0.82	0.79	0.81	-0.28	0.64	0.84	0.85	0.43	0.73		0.81	0.79	0.55	-0.3	-0.34	-0.52	-0.15	0.39	-0.55	0.79	0.74	-0.26	0.54	0.26	-0.45	0.46
Property Plant Equipment	0.97	0.96	0.96	0.11	0.51	0.96	0.7	0.49	0.97	0.81		0.8	0.6	-0.53	-0.58	-0.78	-0.43	0.74	-0.46	0.91	0.8	-0.59	0.8	0.52	-0.73	0.69
Current Deferred Revenue	0.81	0.8	0.79	-0.02	0.54	0.81	0.77	0.54	0.81	0.79	0.8		0.7	-0.41	-0.65	-0.79	-0.3	0.55	-0.34	0.85	0.74	-0.54	0.84	0.25	-0.69	0.52
Accounts Payable	0.62	0.58	0.65	-0.26	0.42	0.65	0.49	0.48	0.59	0.55	0.6	0.7		-0.39	-0.52	-0.73	-0.24	0.32	-0.35	0.54	0.61	-0.59	0.77	-0.2	-0.73	0.21
Short Term Investments	-0.59	-0.63	-0.57	-0.3	-0.02	-0.54	-0.23	-0.17	-0.61	-0.3	-0.53	-0.41	-0.39		0.18	0.57	0.57	-0.6	0.51	-0.57	-0.52	0.5	-0.51	-0.41	0.41	-0.58
Intangible Assets	-0.53	-0.52	-0.55	-0.33	-0.27	-0.53	-0.32	-0.38	-0.64	-0.34	-0.58	-0.65	-0.52	0.18		0.65	0.36	-0.55	-0.03	-0.62	-0.56	0.58	-0.72	-0.27	0.65	-0.48
Treasury Stock	-0.72	-0.74	-0.74	-0.3	-0.2	-0.69	-0.32	-0.21	-0.79	-0.52	-0.78	-0.79	-0.73	0.57	0.65		0.53	-0.81	0.44	-0.77	-0.79	0.77	-0.86	-0.31	0.67	-0.66
Deferred Long Term Liab	-0.36	-0.42	-0.31	-0.58	0.49	-0.28	-0.03	-0.03	-0.51	-0.15	-0.43	-0.3	-0.24	0.57	0.36	0.53		-0.71	0.19	-0.5	-0.45	0.44	-0.42	-0.54	0.27	-0.73
Long Term Investments	0.65	0.72	0.63	0.69	-0.05	0.57	0.15	0.07	0.79	0.39	0.74	0.55	0.32	-0.6	-0.55	-0.81	-0.71		-0.35	0.79	0.71	-0.65	0.67	0.73	-0.5	0.92
Short Long Term Debt	-0.55	-0.56	-0.56	0.12	-0.24	-0.52	-0.21	0.23	-0.41	-0.55	-0.46	-0.34	-0.35	0.51	-0.03	0.44	0.19	-0.35		-0.36	-0.58	0.07	-0.15	-0.08	-0.02	-0.28
Net Tangible Assets	0.89	0.9	0.86	0.29	0.41	0.85	0.67	0.49	0.93	0.79	0.91	0.85	0.54	-0.57	-0.62	-0.77	-0.5	0.79	-0.36		0.84	-0.59	0.8	0.64	-0.7	0.84
Long Term Debt Total	0.76	0.76	0.77	0.18	0.32	0.75	0.48	0.09	0.83	0.74	0.8	0.74	0.61	-0.52	-0.56	-0.79	-0.45	0.71	-0.58	0.84		-0.37	0.6	0.39	-0.43	0.71
Capital Surpluse	-0.53	-0.55	-0.56	-0.34	-0.12	-0.51	-0.19	-0.46	-0.6	-0.26	-0.59	-0.54	-0.59	0.5	0.58	0.77	0.44	-0.65	0.07	-0.59	-0.37		-0.88	-0.32	0.83	-0.55
Good Will	0.77	0.77	0.78	0.17	0.4	0.76	0.55	0.65	0.82	0.54	0.8	0.84	0.77	-0.51	-0.72	-0.86	-0.42	0.67	-0.15	0.8	0.6	-0.88		0.31	-0.94	0.57
Net Invested Capital	0.45	0.52	0.39	0.73	-0.1	0.36	0.15	0.11	0.56	0.26	0.52	0.25	-0.2	-0.41	-0.27	-0.31	-0.54	0.73	-0.08	0.64	0.39	-0.32	0.31		-0.24	0.87
Net Working Capital	-0.71	-0.69	-0.73	-0.06	-0.47	-0.72	-0.56	-0.8	-0.74	-0.45	-0.73	-0.69	-0.73	0.41	0.65	0.67	0.27	-0.5	-0.02	-0.7	-0.43	0.83	-0.94	-0.24		-0.42
Capital Stock	0.61	0.68	0.57	0.7	-0.07	0.53	0.23	0.12	0.74	0.46	0.69	0.52	0.21	-0.58	-0.48	-0.66	-0.73	0.92	-0.28	0.84	0.71	-0.55	0.57	0.87	-0.42

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About Golden Ocean Financial Statements

Golden Ocean investors utilize fundamental indicators, such as Debt Ratio, to predict how Golden Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.

	Last Reported	Projected for Next Year
Debt Ratio	0.39	0.28
Cash Flow To Debt Ratio	0.19	0.35

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When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports:

How To Invest In Golden

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Is Golden Stock a good investment?

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What is Golden Ocean's Net Worth?

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Largest Marine Transportation Companies

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Largest Marine Shipping Companies

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Check out the analysis of Golden Ocean Correlation against competitors.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Ocean. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Ocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.822

Dividend Share

Earnings Share

1.07

Revenue Per Share

4.871

Quarterly Revenue Growth

0.172

The market value of Golden Ocean Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Golden Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Golden Debt Ratio from 2010 to 2024

Latest Golden Ocean's Debt Ratio Growth Pattern

Golden Debt Ratio Regression Statistics

Golden Debt Ratio History

Other Fundumenentals of Golden Ocean Group

Golden Ocean Debt Ratio component correlations

About Golden Ocean Financial Statements

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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