SveinTerje Fagervoll - Golden Energy Chartering Officer

GEOS Stock  NOK 17.25  5.65  24.67%   

Insider

SveinTerje Fagervoll is Chartering Officer of Golden Energy Offshore
Phone47 70 10 26 60
Webhttps://www.geoff.no

Golden Energy Management Efficiency

The company has return on total asset (ROA) of (0.0239) % which means that it has lost $0.0239 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.6838) %, meaning that it generated substantial loss on money invested by shareholders. Golden Energy's management efficiency ratios could be used to measure how well Golden Energy manages its routine affairs as well as how well it operates its assets and liabilities.
Golden Energy Offshore has accumulated 57.41 M in total debt with debt to equity ratio (D/E) of 1.68, which is about average as compared to similar companies. Golden Energy Offshore has a current ratio of 0.17, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Golden Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Golden Energy Offshore sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Energy's use of debt, we should always consider it together with cash and equity.

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Golden Energy Offshore Services AS, together with its subsidiaries, engages in the shipping business in Europe and Africa. Golden Energy Offshore Services AS was incorporated in 2013 and is headquartered in Aalesund, Norway. GOLDEN ENGY is traded on Oslo Stock Exchange in Norway. Golden Energy Offshore (GEOS) is traded on Oslo Stock Exchange in Norway and employs 3 people.

Management Performance

Golden Energy Offshore Management Team

Elected by the shareholders, the Golden Energy's board of directors comprises two types of representatives: Golden Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Energy's management team and ensure that shareholders' interests are well served. Golden Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Golden Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Per Fagervoll, CEO Director
Vidar Skjong, Chief Mang
SveinTerje Fagervoll, Chartering Officer

Golden Stock Performance Indicators

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Other Information on Investing in Golden Stock

Golden Energy financial ratios help investors to determine whether Golden Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Golden with respect to the benefits of owning Golden Energy security.