Company Information

  

Address: PAR LA VILLE PLACE, 4TH FLOOR
14 PAR LA VILLE ROAD 
City: HAMILTON HM 08 
State:  
Zip Code: 00000 
Telephone: 441-295-6935 

Description of Business

Primary SIC Code: 4400
(As filed with the SEC)  

On September 18, 1996, we were incorporated in Bermuda under the name Knightsbridge Tankers Limited as an exempted company pursuant to the Bermuda Companies Act 1981. In October 2014, we changed our name to Knightsbridge Shipping Limited. Following the completion of the Merger on March 31, 2015, we changed our name to Golden Ocean Group Limited. Our registered and principal executive offices are located at Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton, HM 08, Bermuda, and our telephone number at this location is +1 (441) 295-6935. Our common shares currently trade on the NASDAQ Global Select Market and the OSE under the ticker code "GOGL". We are engaged primarily in the ownership and operation of dry bulk vessels. We operate through subsidiaries located in Bermuda, Liberia, the Marshall Islands, Norway, and Singapore. We are also involved in the charter, purchase and sale of vessels.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/2017-0.02NAN/E
12/2016-1.34NAN/E
12/2015-36.50NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.00Total Liab/Total Assets0.48
Net Inc/Total Assets0.00Total Liab/Inv Cap0.54
Net Inc/Inv Cap0.00Total Liab/Comm Equity0.75
Pretax Inc/Net Sales0.00Interest Coverage Ratio0.96
Net Inc/Net Sales-0.01Curr Debt/Equity0.08
Cash Flow/Net Sales0.20LTD/Equity0.79
SG&A/NetSales0.31Total Debt/Equity0.87
Asset Utilization   Liquidity  
Net Receivables Turnover11.73Quick Ratio2.34
Inventory Turnover9.95Current Ratio2.45
Inventory Day Sales0.03Net Rec/Curr Assets0.11
Net Sales/Work Cap1.75Inv/Curr Assets0.05
Net Sales/PP&E0.20  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 460.02 256.86 190.24 96.72
Cost of Goods Sold 189.60 143.58 108.82 33.96
Selling & Admin Exps 140.88 117.63 95.49 23.71
Operating Income 50.39 -70.56 -224.13 19.49
Interest Exp 59.84 45.51 29.83 2.53
Pretax Income -2.29 -127.87 -220.65 16.25
Other Income 2.54 -9.27 38.34 -0.71
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -2.35 -127.71 -220.84 16.00

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 340.94 222.97 120.87 42.22
Receivables - Total 50.79 27.67 33.07 6.65
Inventories - Total 20.14 17.95 15.16 13.24
Total Current Assets 444.50 299.93 203.66 64.28
Net Property, Plant & Equipment 2,322.79 1,942.46 1,835.17 1,176.01
Total Assets 2,870.06 2,361.62 2,172.87 1,262.74
Liabilities        
Accounts Payable 32.44 22.14 24.51 11.68
Debt in Current Liabilities 117.20 6.85 41.53 19.81
Total Current Liabilities 181.73 43.60 80.03 34.78
Long-Term Debt 1,186.22 1,071.09 925.65 343.69
Total Liabilities 1,376.01 1,122.90 1,014.22 378.47
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 7.11 5.30 1.73 0.80
Retained Earnings -351.90 -349.56 -221.84 -1.01
Treasury Stock NA NA NA NA
Total Stockholders' Equity 1,494.05 1,238.72 1,158.65 884.27
Total Liabilities and Stockholders' Equity 2,870.06 2,361.62 2,172.87 1,262.74

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 93.54 -23.05 -14.83 24.86
Net Cash Provided by Investing Activities -26.04 -175.31 112.57 -316.85
Net Cash Provided by Financing Activities 28.59 308.69 -37.35 235.96

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201337.55-3.90--
12/201496.7216.00--
12/2015190.24-220.84-36.50
12/2016256.86-127.71-1.34
12/2017460.02-2.35-0.02
Growth Rates87.09----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/187436,10225.03




Report Date : 7/16/2018

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