Company research
Golden Ocean Group Ltd
CIK 1029145Updated Sep 24, 2026
Securities
Historical securities (1)
GOGL · NASDAQ · equity · closed Aug 21, 2026Name history
Knightsbridge Shipping Ltd · through Mar 26, 2015KNIGHTSBRIDGE TANKERS LTD · through Sep 16, 2014
GOGL price & chart
Historical security
This listing closed Aug 21, 2026. Live provider charts are shown only for current listings.
About the company
Golden Ocean is a Bermuda incorporated shipping company specialising in the transportation of dry bulk cargoes. The Golden Ocean fleet consists of 89 vessels, with an aggregate capacity of approximately 13.5 million deadweight tonnes. Golden Ocean’s ordinary shares are listed on Nasdaq with a secondary listing on the Euronext Oslo Børs under the ticker symbol “GOGL”.
In the news
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Financials
FY 2024 · USDSource
Source
balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,379,294,000Source | 3,489,018,000Source | 3,257,291,000Source | 3,454,177,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 129,106,000Source | 116,382,000Source | 134,784,000Source | 197,032,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 25,485,000Source | 29,809,000Source | 14,950,000Source | 28,838,000Source |
| Inventory, NetUSD | 37,463,000Source | 40,887,000Source | 45,434,000Source | 43,383,000Source |
| Assets, CurrentUSD | 286,541,000Source | 278,917,000Source | 299,147,000Source | 369,390,000Source |
| Operating Lease, Right-of-Use AssetUSD | 6,848,000Source | 9,538,000Source | 15,646,000Source | 19,965,000Source |
| Other Assets, NoncurrentUSD | 1,879,000Source | 416,000Source | 1,586,000Source | 2,758,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,479,317,000Source | 1,567,127,000Source | 1,340,258,000Source | 1,525,436,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 10,061,000Source | 10,061,000Source | 10,061,000Source | 10,061,000Source |
| Retained Earnings (Accumulated Deficit)USD | 320,849,000Source | 339,976,000Source | 328,878,000Source | 160,055,000Source |
| Additional Paid in Capital, Common StockUSD | 1,124,000Source | 1,124,000Source | 851,000Source | 285,000Source |
| Liabilities and EquityUSD | 3,379,294,000Source | 3,489,018,000Source | 3,257,291,000Source | 3,454,177,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 234,392,000Source | 226,191,000Source | 211,628,000Source | 248,073,000Source |
| Operating Lease, Liability, CurrentUSD | 2,414,000Source | 2,632,000Source | 5,546,000Source | 13,860,000Source |
| Accounts Payable, CurrentUSD | 3,231,000Source | 9,157,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 6,918,000Source | 9,621,000Source | 13,051,000Source | 14,907,000Source |
| Other Liabilities, NoncurrentUSD | 170,000Source | 2,570,000Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 60,508,000Source | 46,041,000Source | 43,388,000Source | 38,569,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 113,848,000Source | 109,309,000Source | 92,865,000Source | 105,864,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,188,679,000Source | 1,260,758,000Source | 1,027,991,000Source | 1,156,481,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -4,324,000Source | 14,860,000Source | -13,889,000Source | 6,134,000Source |
| Increase (Decrease) in InventoriesUSD | -3,423,000Source | -4,548,000Source | 2,051,000Source | 18,219,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 365,298,000Source | 266,337,000Source | 503,387,000Source | 560,398,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,201,000Source | -381,771,000Source | 72,816,000Source | -390,024,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,744,000Source | 299,612,000Source | 5,003,000Source | 292,539,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 5,737,000Source | 8,357,000Source | 3,273,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -344,004,000Source | 95,997,000Source | -648,147,000Source | -135,459,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 741,500,000Source | 385,413,000Source | 417,217,000Source | 628,900,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 13,093,000Source | -19,437,000Source | -71,944,000Source | 34,915,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 131,729,000Source | 118,636,000Source | 138,073,000Source | 210,017,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 98,918,000Source | 87,630,000Source | 45,190,000Source | 30,850,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 0Source | 300,000Source | 600,000Source | 600,000Source |
| Amortization of Debt Issuance CostsUSD | 5,594,000Source | 4,766,000Source | 3,618,000Source | 2,677,000Source |
| DepreciationUSD | 141,627,000Source | 135,548,000Source | 129,839,000Source | 123,699,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -677,000Source | -3,912,000Source | 39,496,000Source | 19,435,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | -2,474,000Source | — | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 0Source | 287,000Source | 503,000Source | -2,000,000Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | 0Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 21,427,000Source | 9,188,000Source | 34,185,000Source | 9,788,000Source |
| Gain (Loss) on Termination of LeaseUSD | 0Source | -16,281,000Source | — | — |
| General and Administrative ExpenseUSD | 24,303,000Source | 18,679,000Source | 20,375,000Source | 18,149,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -4,070,000Source | 12,316,000Source | — | — |
| Income Tax Expense (Benefit)USD | 548,000Source | 541,000Source | 379,000Source | 389,000Source |
| InterestExpenseNonoperatingUSD | 108,215,000Source | — | — | — |
| Investment Income, InterestUSD | 6,872,000Source | 4,717,000Source | 2,345,000Source | 484,000Source |
| Net Income (Loss) Attributable to ParentUSD | 223,214,000Source | 112,268,000Source | 461,847,000Source | 527,218,000Source |
| Nonoperating Income (Expense)USD | -90,579,000Source | -75,803,000Source | 27,139,000Source | 13,999,000Source |
| Operating ExpensesUSD | 675,506,000Source | 706,343,000Source | 712,141,000Source | 697,353,000Source |
| Operating Lease, ExpenseUSD | — | — | 57,200,000Source | 81,700,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Other Nonoperating Income (Expense)USD | -378,000Source | -830,000Source | -222,000Source | 477,000Source |
| Other Operating Income (Expense), NetUSD | 0Source | 0Source | -413,000Source | -2,008,000Source |
| Payments of Financing CostsUSD | 7,846,000Source | 4,917,000Source | 2,750,000Source | 4,466,000Source |
| Proceeds from Issuance of Common StockUSD | — | 0Source | 0Source | 352,225,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 675,020,000Source | 634,580,000Source | 275,000,000Source | 497,975,000Source |
| Proceeds from Stock Options ExercisedUSD | 522,000Source | 692,000Source | 828,000Source | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 450,940,000Source | — | — | 346,159,000Source |
| Operating Income (Loss)USD | 188,612,000Source | 435,087,000Source | 513,608,000Source | -61,662,000Source |
| Other Nonoperating Income (Expense)USD | -830,000Source | -222,000Source | 477,000Source | -825,000Source |
| Income Tax Expense (Benefit)USD | 541,000Source | 379,000Source | 389,000Source | 131,000Source |
| Net Income (Loss) Attributable to ParentUSD | 112,268,000Source | 461,847,000Source | 527,218,000Source | -137,669,000Source |
| Earnings Per Share, BasicUSD per share | 0.56Source | 2.3Source | 2.74Source | — |
| Earnings Per Share, DilutedUSD per share | 0.56Source | 2.29Source | 2.73Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 199,924,000Source | 200,685,000Source | 192,355,000Source | 143,282,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 200,481,000Source | 201,188,000Source | 192,970,000Source | 143,282,000Source |
| Additional Financial Items | ||||
| Equity Securities, FV-NI, Realized Gain (Loss)USD | -2,474,000Source | — | — | — |
| General and Administrative ExpenseUSD | 18,679,000Source | 20,375,000Source | 18,149,000Source | 13,722,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 12,316,000Source | — | — | -3,678,000Source |
| Interest ExpenseUSD | 103,664,000Source | 56,248,000Source | 39,909,000Source | 47,477,000Source |
| Investment Income, InterestUSD | 4,717,000Source | 2,345,000Source | 484,000Source | 1,193,000Source |
| Lease IncomeUSD | 434,827,000Source | 629,419,000Source | 796,854,000Source | 261,784,000Source |
| Nonoperating Income (Expense)USD | -75,803,000Source | 27,139,000Source | 13,999,000Source | -75,876,000Source |
| Operating ExpensesUSD | 706,343,000Source | 712,141,000Source | 697,353,000Source | 672,570,000Source |
| Operating Lease, ExpenseUSD | — | 57,200,000Source | 81,700,000Source | 29,000,000Source |
| Other Operating Income (Expense), NetUSD | 0Source | -413,000Source | -2,008,000Source | 2,965,000Source |