Golden Ocean Group Ltd Working Capital to Net Assets Ratio
Golden Ocean Group Ltd working capital to net assets ratio. Golden Ocean Group Ltd (GOGL) has a Working Capital to Net Assets ratio of -3.6% as of March 2025. Working capital of $-66.11 Million (current assets of $289.60 Million minus current liabilities of $355.71 Million) is measured against net assets of $1.83 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check GOGL tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Golden Ocean Group Ltd (1997–2024)
Working capital to net assets ratio of Golden Ocean Group Ltd from 1997 to 2024. This chart shows how Golden Ocean Group Ltd's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2024. As of March 2025, the ratio stands at -3.6%, reflecting working capital of $-66.11 Million against net assets of $1.83 Billion USD. See GOGL days of operational coverage to measure how many days the company can operate on defensive assets alone.
Golden Ocean Group Ltd Working Capital to Net Assets Ratio by Year (1997–2024)
Golden Ocean Group Ltd working capital to net assets ratio by year from 1997 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Golden Ocean Group Ltd from 1997 to 2024, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Golden Ocean Group Ltd total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 2.7% | $52.15 Million | $1.90 Billion | $286.54 Million | $234.39 Million | ▲ +0.0 pp |
| 2023 | 2.7% | $52.73 Million | $1.92 Billion | $278.92 Million | $226.19 Million | ▼ -1.8 pp |
| 2022 | 4.6% | $87.52 Million | $1.92 Billion | $299.15 Million | $211.63 Million | ▼ -1.7 pp |
| 2021 | 6.3% | $121.32 Million | $1.93 Billion | $369.39 Million | $248.07 Million | ▲ +3.2 pp |
| 2020 | 3.1% | $42.85 Million | $1.37 Billion | $284.53 Million | $241.68 Million | ▲ +0.5 pp |
| 2019 | 2.6% | $39.71 Million | $1.51 Billion | $273.08 Million | $233.37 Million | ▲ +7.9 pp |
| 2018 | -5.3% | $-80.27 Million | $1.52 Billion | $461.24 Million | $541.50 Million | ▼ -22.9 pp |
| 2017 | 17.6% | $262.77 Million | $1.49 Billion | $444.50 Million | $181.73 Million | ▼ -3.1 pp |
| 2016 | 20.7% | $256.33 Million | $1.24 Billion | $299.93 Million | $43.60 Million | ▲ +13.0 pp |
| 2015 | 7.7% | $89.47 Million | $1.16 Billion | $203.66 Million | $114.19 Million | ▲ +4.1 pp |
| 2014 | 3.6% | $32.10 Million | $884.27 Million | $64.28 Million | $32.17 Million | ▼ -28.0 pp |
| 2013 | 31.7% | $97.32 Million | $307.44 Million | $104.74 Million | $7.42 Million | ▼ -0.5 pp |
| 2012 | 32.2% | $89.35 Million | $277.69 Million | $100.85 Million | $11.50 Million | ▲ +12.7 pp |
| 2011 | 19.5% | $70.23 Million | $359.93 Million | $81.38 Million | $11.15 Million | ▲ +2.1 pp |
| 2010 | 17.5% | $65.62 Million | $375.90 Million | $77.93 Million | $12.31 Million | ▲ +17.2 pp |
| 2009 | 0.3% | $611.00K | $239.71 Million | $29.33 Million | $28.72 Million | ▼ -19.5 pp |
| 2008 | 19.8% | $43.99 Million | $222.31 Million | $92.89 Million | $48.90 Million | ▼ -20.7 pp |
| 2007 | 40.4% | $89.50 Million | $221.28 Million | $107.35 Million | $17.85 Million | ▲ +35.5 pp |
| 2006 | 5.0% | $8.95 Million | $179.19 Million | $33.26 Million | $24.31 Million | ▼ -4.6 pp |
| 2005 | 9.6% | $18.80 Million | $195.03 Million | $37.73 Million | $18.93 Million | ▼ -11.1 pp |
| 2004 | 20.7% | $47.38 Million | $228.87 Million | $63.66 Million | $16.28 Million | ▲ +14.6 pp |
| 2003 | 6.1% | $13.06 Million | $215.53 Million | $28.98 Million | $15.92 Million | ▲ +2.1 pp |
| 2002 | 3.9% | $8.20 Million | $208.64 Million | $10.39 Million | $2.20 Million | ▲ +0.2 pp |
| 2001 | 3.8% | $8.63 Million | $229.08 Million | $10.81 Million | $2.18 Million | ▼ -6.8 pp |
| 2000 | 10.6% | $29.26 Million | $277.22 Million | $31.38 Million | $2.12 Million | ▲ +7.6 pp |
| 1999 | 2.9% | $8.05 Million | $273.98 Million | $11.94 Million | $3.89 Million | ▲ +0.1 pp |
| 1998 | 2.8% | $8.30 Million | $292.19 Million | $17.32 Million | $9.03 Million | ▼ -1.4 pp |
| 1997 | 4.2% | $13.30 Million | $315.16 Million | $22.41 Million | $9.10 Million | — |