Golden Ocean Group Limited

Golden Ocean Group Limitedverified

GOGL

Price:

$11.37

Market Cap:

$2.27B

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.[Read more]

Industry

Marine Shipping

IPO Date

1997-02-07

Stock Exchange

NASDAQ

Ticker

GOGL

The Current Ratio as of September 2024 (TTM) for Golden Ocean Group Limited (GOGL) is 1.17

According to Golden Ocean Group Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.17. This represents a change of -1.26% compared to the average of 1.18 of the last 4 quarters.

Golden Ocean Group Limited (GOGL) Historical Current Ratio (quarterly & annually)

How has GOGL Current Ratio performed in the past?

The mean historical Current Ratio of Golden Ocean Group Limited over the last ten years is 2.04. The current 1.17 Current Ratio has changed 5.62% with respect to the historical average. Over the past ten years (40 quarters), GOGL's Current Ratio was at its highest in in the December 2016 quarter at 6.88. The Current Ratio was at its lowest in in the June 2020 quarter at 0.41.

Quarterly (TTM)
Annual

Average

2.04

Median

1.45

Minimum

0.85

Maximum

6.88

Golden Ocean Group Limited (GOGL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Golden Ocean Group Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 285.68%

Maximum Annual Current Ratio = 6.88

Minimum Annual Increase = -85.85%

Minimum Annual Current Ratio = 0.85

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.23-12.77%
20221.41-5.07%
20211.4926.48%
20201.180.61%
20191.1737.38%
20180.85-65.18%
20172.45-64.44%
20166.88285.68%
20151.78-10.73%
20142.00-85.85%

Golden Ocean Group Limited (GOGL) Average Current Ratio

How has GOGL Current Ratio performed in the past?

The current Current Ratio of Golden Ocean Group Limited (GOGL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.38

5-year avg

1.30

10-year avg

2.04

Golden Ocean Group Limited (GOGL) Current Ratio vs. Peers

How is GOGL’s Current Ratio compared to its peers?

Golden Ocean Group Limited’s Current Ratio is less than Genco Shipping & Trading Limited (3.59), greater than Eagle Bulk Shipping Inc. (0.89), less than Global Ship Lease, Inc. (1.42), greater than Diana Shipping Inc. (0), less than Star Bulk Carriers Corp. (1.51), less than Danaos Corporation (4.18), less than OceanPal Inc. (12.38), less than Costamare Inc. (1.61), less than Navios Maritime Partners L.P. (3.72),

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