Golden Ocean Group Balance Sheet Health
Financial Health criteria checks 4/6
Golden Ocean Group has a total shareholder equity of $1.9B and total debt of $1.4B, which brings its debt-to-equity ratio to 70.7%. Its total assets and total liabilities are $3.5B and $1.6B respectively. Golden Ocean Group's EBIT is $257.3M making its interest coverage ratio 3. It has cash and short-term investments of $144.7M.
Key information
70.7%
Debt to equity ratio
US$1.36b
Debt
Interest coverage ratio | 3x |
Cash | US$144.66m |
Equity | US$1.93b |
Total liabilities | US$1.57b |
Total assets | US$3.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KT31's short term assets ($314.5M) exceed its short term liabilities ($250.7M).
Long Term Liabilities: KT31's short term assets ($314.5M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: KT31's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: KT31's debt to equity ratio has reduced from 77% to 70.7% over the past 5 years.
Debt Coverage: KT31's debt is well covered by operating cash flow (22.4%).
Interest Coverage: KT31's interest payments on its debt are well covered by EBIT (3x coverage).