Golden Ocean Group Limited (STO:GOGLO)

Golden Ocean Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	106.71	129.11	116.38	134.78	197.03	153.09
Short-Term Investments	-	-	-	2.19	1.68	3.68
Trading Asset Securities	-	-	-	-	2.61	-
Cash & Short-Term Investments	106.71	129.11	116.38	136.97	201.32	156.78
Cash Growth	-26.24%	10.93%	-15.03%	-31.96%	28.41%	-6.95%
Accounts Receivable	-	32.43	45.46	29.64	43.31	35.81
Other Receivables	-	53.67	46.75	49.85	38.59	24.75
Receivables	-	86.1	92.21	79.49	81.9	60.56
Inventory	-	37.46	40.89	45.43	43.38	25.17
Prepaid Expenses	-	11.96	6.77	12.5	8.44	10.44
Restricted Cash	5.94	2.62	2.25	3.29	12.99	22.01
Other Current Assets	176.96	19.29	20.41	21.46	21.36	9.58
Total Current Assets	289.6	286.54	278.92	299.15	369.39	284.53
Property, Plant & Equipment	3,024	3,020	3,120	2,857	3,034	2,404
Long-Term Investments	-	53.06	58.54	65.4	41.34	16.4
Other Long-Term Assets	79.7	20.06	31.25	34.99	2.76	10.01
Total Assets	3,394	3,379	3,489	3,257	3,454	2,721

Liabilities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts Payable	-	11.79	9.52	7.14	6.46	18.4
Accrued Expenses	-	60.44	46.2	43.66	38.83	35.08
Current Portion of Long-Term Debt	113.85	113.85	109.31	94.18	116.23	115.39
Current Portion of Leases	119.55	21.24	22.23	23.93	35.62	40.26
Current Income Taxes Payable	-	0.63	0.52	0.38	0.39	0.17
Current Unearned Revenue	-	15.69	22.84	29.15	34.63	25.5
Other Current Liabilities	122.31	10.75	15.56	13.18	15.92	6.87
Total Current Liabilities	355.71	234.39	226.19	211.63	248.07	241.68
Long-Term Debt	1,210	968.92	1,029	783.47	1,156	957.65
Long-Term Leases	0.99	275.84	309.75	345.16	120.88	152.98
Other Long-Term Liabilities	0.57	0.17	2.57	-	-	-
Total Liabilities	1,568	1,479	1,567	1,340	1,525	1,352

Shareholders' Equity

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Common Stock	10.06	10.06	10.06	10.06	10.06	7.22
Additional Paid-In Capital	1,583	1,583	1,583	1,583	1,763	1,734
Retained Earnings	246.8	320.85	339.98	328.88	160.06	-366.72
Treasury Stock	-14.31	-14.31	-11.53	-5.01	-4.31	-5.39
Shareholders' Equity	1,826	1,900	1,922	1,917	1,929	1,369
Total Liabilities & Equity	3,394	3,379	3,489	3,257	3,454	2,721

Additional Metrics

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total Debt	1,445	1,380	1,470	1,247	1,429	1,266
Net Cash (Debt)	-1,338	-1,251	-1,354	-1,110	-1,228	-1,110
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.70	-6.25	-6.75	-5.52	-6.36	-7.74
Filing Date Shares Outstanding	199.4	199.4	199.63	200.42	200.44	197.71
Total Common Shares Outstanding	199.4	199.4	199.63	200.49	200.44	143.33
Working Capital	-66.11	52.15	52.73	87.52	121.32	42.85
Book Value Per Share	9.16	9.53	9.63	9.56	9.62	9.55
Tangible Book Value	1,826	1,900	1,922	1,917	1,929	1,369
Tangible Book Value Per Share	9.16	9.53	9.63	9.56	9.62	9.55
Buildings	-	-	54.78	91.9	35.68	-
Machinery	-	1,902	1,572	1,474	1,799	1,468

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 21, 2025

Data Sources Report a data error