Golden Ocean Group (OSL:GOGL) Debt-to-Equity : 0.77 (As of Dec. 2023)

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What is Golden Ocean Group Debt-to-Equity?

Golden Ocean Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr1,388 Mil. Golden Ocean Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr14,119 Mil. Golden Ocean Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr20,275 Mil. Golden Ocean Group's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

OSL:GOGL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.85 Max: 0.91
Current: 0.77

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Ocean Group was 0.91. The lowest was 0.41. And the median was 0.85.

OSL:GOGL's Debt-to-Equity is ranked worse than
60.32% of 882 companies
in the Transportation industry
Industry Median: 0.54 vs OSL:GOGL: 0.77

Golden Ocean Group Debt-to-Equity Historical Data

The historical data trend for Golden Ocean Group's Debt-to-Equity 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.

* Premium members only.

Golden Ocean Group Debt-to-Equity Chart

Golden Ocean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.89

0.91

0.74

0.65

0.77

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
Debt-to-Equity	Get a 7-Day Free Trial															0.65	0.71	0.79	0.82	0.77

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

For the Marine Shipping subindustry, Golden Ocean Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Transportation Industry

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

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

Golden Ocean Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1387.689	+	14118.958)	/	20274.797
	=	0.76

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1387.689	+	14118.958)	/	20274.797
	=	0.76

Golden Ocean Group (OSL:GOGL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Golden Ocean Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Golden Ocean Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Ocean Group (OSL:GOGL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GOGL:USA GOGLo:Sweden 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.