Tord Brath - Golden Ocean Head Operations

GOGL Stock  NOK 105.30  1.30  1.25%   

Insider

Tord Brath is Head Operations of Golden Ocean Group
Phone441 295 6935
Webhttps://www.goldenocean.bm

Golden Ocean Management Efficiency

The company has return on total asset (ROA) of 0.096 % which means that it generated a profit of $0.096 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.313 %, meaning that it generated $0.313 on every $100 dollars invested by stockholders. Golden Ocean's management efficiency ratios could be used to measure how well Golden Ocean manages its routine affairs as well as how well it operates its assets and liabilities.
Golden Ocean Group has accumulated 1.26 B in total debt with debt to equity ratio (D/E) of 90.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Golden Ocean Group has a current ratio of 0.71, 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 Ocean until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Ocean'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 Ocean Group 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 Ocean's use of debt, we should always consider it together with cash and equity.

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Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. As of March 31, 2019, it owned a fleet of 77 vessels comprising 38 Capesize, 27 Panamax, and 2 Ultramax vessels 8 Capesize vessels under operating leases 1 Panamax vessel under a capital lease and 1 Supramax vessel under an operating lease. GOLDEN OCEAN operates under Shipping Ports classification in Norway and is traded on Oslo Stock Exchange. It employs 32 people. Golden Ocean Group (GOGL) is traded on Oslo Stock Exchange in Norway and employs 37 people.

Management Performance

Golden Ocean Group Leadership Team

Elected by the shareholders, the Golden Ocean's board of directors comprises two types of representatives: Golden Ocean 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 Ocean's management team and ensure that shareholders' interests are well served. Golden Ocean'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 Ocean's outside directors are responsible for providing unbiased perspectives on the board's policies.
LarsChristian Svensen, Chief AS
Peder Simonsen, Chief AS
Ulrik Andersen, Chief AS
Tord Brath, Head Operations

Golden Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Golden Ocean a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Additional Information and Resources on Investing in Golden Stock

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:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.