Golden Ocean Group (Golden Ocean Group) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Golden Ocean Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Golden Ocean Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Golden Ocean Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Golden Ocean Group's Cash-to-Debt or its related term are showing as below:

GOGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.25
Current: 0.08

During the past 13 years, Golden Ocean Group's highest Cash to Debt Ratio was 0.25. The lowest was 0.08. And the median was 0.13.

GOGL's Cash-to-Debt is ranked worse than
87.46% of 965 companies
in the Transportation industry
Industry Median: 0.49 vs GOGL: 0.08

Golden Ocean Group Cash-to-Debt Historical Data

The historical data trend for Golden Ocean Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Golden Ocean Group Cash-to-Debt Chart

Golden Ocean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.14

0.11

0.08

Golden Ocean Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.09	0.07	0.06	0.08

Competitive Comparison of Golden Ocean Group's Cash-to-Debt

For the Marine Shipping subindustry, Golden Ocean Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Golden Ocean Group's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Ocean Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Golden Ocean Group's Cash-to-Debt falls into.

Golden Ocean Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Golden Ocean Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	116.382	/	(131.542	+	1338.366)
	=	0.08

Golden Ocean Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	116.382	/	(131.542	+	1338.366)
	=	0.08

Golden Ocean Group (NAS:GOGL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Golden Ocean Group Cash-to-Debt Related Terms

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Golden Ocean Group (Golden Ocean Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (NAS:GOGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GOGLo:Sweden GOGL:Norway GOGLo:UK 0RII:UK KT31:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.