Golden Ocean Group Ltd
Golden Ocean Group Limited owns and operates a fleet of dry bulk vessels. The company also transports bulk commodities, including ores, coal, grains, and fertilizers. Golden Ocean Group Limited was formerly knowns as Knightsbridge Shipping Limited and changed its name to Golden Ocean Group Limited in March 2015. The company incorporated in 1996 and is headquartered in Hamilton, Bermuda. As of Aug… Read more
Golden Ocean Group Ltd - Asset Resilience Ratio
Golden Ocean Group Ltd (GOGL) has an Asset Resilience Ratio of -0.57% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2004–2023)
This chart shows how Golden Ocean Group Ltd's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Golden Ocean Group Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $-19.61 Million | -0.57% |
| Total Liquid Assets | $-19.61 Million | -0.57% |
Asset Resilience Insights
- Limited Liquidity: Golden Ocean Group Ltd maintains only -0.57% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company primarily holds liquidity in cash and equivalents rather than short-term investments.
Golden Ocean Group Ltd Industry Peers by Asset Resilience Ratio
Compare Golden Ocean Group Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Costamare Bulkers Holdings Limited
NYSE:CMDB |
Marine Shipping | 2.35% |
|
Shenzhen Yan Tian Port Holdings Co Ltd
SHE:000088 |
Marine Shipping | 16.90% |
|
Zhuhai Port Co Ltd
SHE:000507 |
Marine Shipping | 4.60% |
|
Chang Jiang Shipping Group Phoenix Co Ltd
SHE:000520 |
Marine Shipping | 0.03% |
|
Beibuwan Port Co Ltd
SHE:000582 |
Marine Shipping | 0.00% |
|
Eusu Holdings
KO:000700 |
Marine Shipping | 1.70% |
|
Xiamen Port Development Co Ltd
SHE:000905 |
Marine Shipping | 6.12% |
|
Nanjing Shenghang Shipping Co Ltd
SHE:001205 |
Marine Shipping | 0.48% |
Annual Asset Resilience Ratio for Golden Ocean Group Ltd (2004–2023)
The table below shows the annual Asset Resilience Ratio data for Golden Ocean Group Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 0.00% | $0.00 | $3.49 Billion | -- |
| 2022-12-31 | 0.07% | $2.19 Million | $3.26 Billion | +0.02pp |
| 2021-12-31 | 0.05% | $1.68 Million | $3.45 Billion | -0.09pp |
| 2020-12-31 | 0.14% | $3.68 Million | $2.72 Billion | -0.33pp |
| 2019-12-31 | 0.47% | $13.86 Million | $2.97 Billion | +0.06pp |
| 2018-12-31 | 0.41% | $12.03 Million | $2.95 Billion | -0.16pp |
| 2017-12-31 | 0.57% | $16.30 Million | $2.87 Billion | +0.29pp |
| 2016-12-31 | 0.28% | $6.52 Million | $2.36 Billion | -0.39pp |
| 2015-12-31 | 0.67% | $14.62 Million | $2.18 Billion | +0.39pp |
| 2014-12-31 | 0.28% | $3.53 Million | $1.26 Billion | -5.73pp |
| 2013-12-31 | 6.00% | $24.61 Million | $409.86 Million | +3.95pp |
| 2012-12-31 | 2.06% | $8.18 Million | $397.42 Million | -4.34pp |
| 2011-12-31 | 6.39% | $33.33 Million | $521.22 Million | -3.62pp |
| 2010-12-31 | 10.02% | $54.30 Million | $541.95 Million | +7.35pp |
| 2009-12-31 | 2.67% | $10.00 Million | $374.95 Million | -2.36pp |
| 2008-12-31 | 5.03% | $16.67 Million | $331.69 Million | +2.10pp |
| 2007-12-31 | 2.92% | $10.00 Million | $342.17 Million | +2.42pp |
| 2006-12-31 | 0.50% | $1.52 Million | $301.50 Million | +0.28pp |
| 2005-12-31 | 0.22% | $711.00K | $323.16 Million | -2.52pp |
| 2004-12-31 | 2.74% | $10.00 Million | $365.55 Million | -- |