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Golden Ocean Group (GOGL)

(Delayed Data from NSDQ)

$13.38 USD

13.38
1,283,054

+0.40 (3.08%)

Updated Apr 23, 2024 04:00 PM ET

Pre-Market: $13.45 +0.07 (0.52%) 8:24 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value D Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 25% (62 out of 252)

Industry: Transportation - Shipping

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Balance Sheet

Research for GOGL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Golden Ocean Group Limited falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 131 153 214 179 122
Receivables 34 17 37 23 51
Notes Receivable 0 0 0 0 0
Inventories 41 45 43 25 28
Other Current Assets 73 84 74 57 72
Total Current Assets 279 299 369 285 273
Net Property & Equipment 3,042 2,758 2,916 2,268 2,341
Investments & Advances 59 65 41 16 21
Other Non-Current Assets 16 22 6 6 11
Deferred Charges 0 0 0 0 0
Intangibles 0 0 0 0 0
Deposits & Other Assets 16 14 3 10 71
Total Assets 3,489 3,257 3,454 2,721 2,966
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 19 17 20 23 16
Current Portion Long-Term Debt 109 93 106 88 88
Current Portion Capital Leases 20 18 22 23 18
Accrued Expenses 46 43 39 35 45
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 30 35 48 56 53
Total Current Liabilities 226 212 248 242 233
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,261 1,028 1,156 958 1,026
Non-Current Capital Leases 68 88 106 128 151
Other Non-Current Liabilities 3 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,567 1,340 1,525 1,352 1,453
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 10 10 10 7 7
Capital Surplus 1,583 1,583 1,763 1,734 1,741
Retained Earnings 340 329 0 -367 -229
Other Equity 0 0 160 0 0
Treasury Stock 12 5 4 5 6
Total Shareholder's Equity 1,922 1,917 1,929 1,369 1,513
Total Liabilities & Shareholder's Equity 3,489 3,257 3,454 2,721 2,966
Total Common Equity 1,922 1,917 1,929 1,369 1,513
Shares Outstanding 199.60 200.40 143.30 143.30 143.50
Book Value Per Share 9.63 9.57 13.46 9.55 10.55

Fiscal Year End for Golden Ocean Group Limited falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 131 100 124 123
Receivables NA 34 0 34 0
Notes Receivable NA 0 0 0 0
Inventories NA 41 0 52 0
Other Current Assets NA 73 181 63 157
Total Current Assets NA 279 281 273 280
Net Property & Equipment NA 3,042 3,078 3,015 2,804
Investments & Advances NA 59 0 58 0
Other Non-Current Assets NA 16 0 23 0
Deferred Charges NA 0 0 0 0
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 16 85 6 136
Total Assets NA 3,489 3,543 3,464 3,315
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 19 0 23 0
Current Portion Long-Term Debt NA 109 109 106 97
Current Portion Capital Leases NA 20 34 19 19
Accrued Expenses NA 46 0 48 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 30 115 42 123
Total Current Liabilities NA 226 261 243 245
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,261 1,312 1,253 1,104
Non-Current Capital Leases NA 68 73 78 83
Other Non-Current Liabilities NA 3 4 3
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,567 1,659 1,589 1,447
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 10 10 10 10
Capital Surplus NA 1,583 1,583 1,583 1,583
Retained Earnings NA 340 302 295 280
Other Equity NA 0 0 0 0
Treasury Stock NA 12 12 12 6
Total Shareholder's Equity NA 1,922 1,884 1,876 1,868
Total Liabilities & Shareholder's Equity NA 3,489 3,543 3,464 3,315
Total Common Equity 0 1,922 1,884 1,876 1,868
Shares Outstanding 199.60 199.60 200.40 200.40 200.40
Book Value Per Share 0.00 9.63 9.40 9.36 9.32