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 GOGL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see GOGL current and non-current assets.
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. Check Golden Ocean Group Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |