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 $1.1B, which brings its debt-to-equity ratio to 57.5%. Its total assets and total liabilities are $3.5B and $1.5B respectively. Golden Ocean Group's EBIT is $299.6M making its interest coverage ratio 3.2. It has cash and short-term investments of $99.5M.
Key information
57.5%
Debt to equity ratio
US$1.11b
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$99.45m |
| Equity | US$1.93b |
| Total liabilities | US$1.53b |
| Total assets | US$3.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KT31's short term assets ($284.5M) exceed its short term liabilities ($243.4M).
Long Term Liabilities: KT31's short term assets ($284.5M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: KT31's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: KT31's debt to equity ratio has reduced from 78.5% to 57.5% over the past 5 years.
Debt Coverage: KT31's debt is well covered by operating cash flow (30.4%).
Interest Coverage: KT31's interest payments on its debt are well covered by EBIT (3.2x coverage).