Golden Ocean Group Ltd (GOGL) — 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. See Golden Ocean Group Ltd (GOGL) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Golden Ocean Group Ltd Working Capital to Net Assets (1997–2024)
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. Check GOGL tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Golden Ocean Group Ltd (1997–2024)
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 live market cap and the full company profile, see Golden Ocean Group Ltd stock valuation.
| 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 | — |