Golden Ocean Group Balance Sheet Health
Financial Health criteria checks 3/6
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 59.2%. Its total assets and total liabilities are $3.5B and $1.6B respectively. Golden Ocean Group's EBIT is $191.2M making its interest coverage ratio 2.2. It has cash and short-term investments of $116.4M.
Key information
59.2%
Debt to equity ratio
US$1.14b
Debt
Interest coverage ratio | 2.2x |
Cash | US$116.38m |
Equity | US$1.92b |
Total liabilities | US$1.57b |
Total assets | US$3.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0RII's short term assets ($278.9M) exceed its short term liabilities ($226.2M).
Long Term Liabilities: 0RII's short term assets ($278.9M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 0RII's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: 0RII's debt to equity ratio has reduced from 88.5% to 59.2% over the past 5 years.
Debt Coverage: 0RII's debt is well covered by operating cash flow (23.4%).
Interest Coverage: 0RII's interest payments on its debt are not well covered by EBIT (2.2x coverage).