Golden Ocean Group Ltd (GOGL) - Total Assets
Based on the latest financial reports, Golden Ocean Group Ltd (GOGL) holds total assets worth $3.39 Billion USD as of March 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore GOGL cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Golden Ocean Group Ltd - Total Assets Trend (1997–2024)
This chart illustrates how Golden Ocean Group Ltd's total assets have evolved over time, based on quarterly financial data. See Golden Ocean Group Ltd book value and equity for net asset value and shareholders' equity analysis.
Golden Ocean Group Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Golden Ocean Group Ltd's total assets of $3.39 Billion consist of 8.5% current assets and 91.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.8% |
| Accounts Receivable | $101.38 Million | 3.0% |
| Inventory | $37.46 Million | 1.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1997–2024)
This chart illustrates how Golden Ocean Group Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see GOGL stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Golden Ocean Group Ltd's current assets represent 8.5% of total assets in 2024, an increase from 4.9% in 1997.
- Cash Position: Cash and equivalents constituted 3.8% of total assets in 2024, up from 0.1% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1997.
- Asset Diversification: The largest asset category is accounts receivable at 3.0% of total assets.
Golden Ocean Group Ltd Competitors by Total Assets
Key competitors of Golden Ocean Group Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Vapores
SN:VAPORES
|
Chile | CL$7.20 Billion |
|
Bohai Ferry Co Ltd
SHG:603167
|
China | CN¥4.19 Billion |
|
Chang Jiang Shipping Group Phoenix Co Ltd
SHE:000520
|
China | CN¥695.80 Million |
|
Euroseas Ltd
NASDAQ:ESEA
|
USA | $700.46 Million |
|
Jinzhou Port Co Ltd A
SHG:600190
|
China | CN¥9.87 Billion |
|
Pelayaran Nelly Dwi Putri Tbk
JK:NELY
|
Indonesia | Rp1.26 Trillion |
|
ADS Maritime Holding Plc
OL:ADS
|
Norway | Nkr21.94 Million |
|
PERFORMANCE SHIPP.
F:DS2
|
Germany | €559.85 Million |
Golden Ocean Group Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.81 | 1.25 | 0.41 |
| Quick Ratio | 0.81 | 1.25 | 0.36 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-66.11 Million | $63.88 Million | $-311.93 Million |
Golden Ocean Group Ltd - Advanced Valuation Insights
This section examines the relationship between Golden Ocean Group Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.87 |
| Latest Market Cap to Assets Ratio | 0.47 |
| Asset Growth Rate (YoY) | -3.1% |
| Total Assets | $3.38 Billion |
| Market Capitalization | $1.59 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Golden Ocean Group Ltd's assets below their book value (0.47x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Golden Ocean Group Ltd's assets decreased by 3.1% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Golden Ocean Group Ltd (1997–2024)
The table below shows the annual total assets of Golden Ocean Group Ltd from 1997 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $3.38 Billion | -3.14% |
| 2023-12-31 | $3.49 Billion | +7.11% |
| 2022-12-31 | $3.26 Billion | -5.70% |
| 2021-12-31 | $3.45 Billion | +26.94% |
| 2020-12-31 | $2.72 Billion | -8.26% |
| 2019-12-31 | $2.97 Billion | +0.50% |
| 2018-12-31 | $2.95 Billion | +2.83% |
| 2017-12-31 | $2.87 Billion | +21.53% |
| 2016-12-31 | $2.36 Billion | +8.40% |
| 2015-12-31 | $2.18 Billion | +72.53% |
| 2014-12-31 | $1.26 Billion | +208.09% |
| 2013-12-31 | $409.86 Million | +3.13% |
| 2012-12-31 | $397.42 Million | -23.75% |
| 2011-12-31 | $521.22 Million | -3.83% |
| 2010-12-31 | $541.95 Million | +44.54% |
| 2009-12-31 | $374.95 Million | +13.04% |
| 2008-12-31 | $331.69 Million | -3.06% |
| 2007-12-31 | $342.17 Million | +13.49% |
| 2006-12-31 | $301.50 Million | -6.70% |
| 2005-12-31 | $323.16 Million | -11.60% |
| 2004-12-31 | $365.55 Million | +4.91% |
| 2003-12-31 | $348.44 Million | +0.18% |
| 2002-12-31 | $347.82 Million | -5.02% |
| 2001-12-31 | $366.20 Million | -9.52% |
| 2000-12-31 | $404.74 Million | +0.37% |
| 1999-12-31 | $403.27 Million | -5.84% |
| 1998-12-31 | $428.29 Million | -6.50% |
| 1997-12-31 | $458.07 Million | -- |
About 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