Golden Retained Earnings vs Capital Stock Analysis
GOGL Stock | USD 14.39 0.03 0.21% |
Golden Ocean financial indicator trend analysis is much more than just examining Golden Ocean Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Ocean Group is a good investment. Please check the relationship between Golden Ocean Retained Earnings and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Retained Earnings vs Capital Stock
Retained Earnings vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Ocean Group Retained Earnings account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Golden Ocean's Retained Earnings and Capital Stock is 0.7. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Golden Ocean Group, assuming nothing else is changed. The correlation between historical values of Golden Ocean's Retained Earnings and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Golden Ocean Group are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Retained Earnings i.e., Golden Ocean's Retained Earnings and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Most indicators from Golden Ocean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Ocean Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Golden Ocean's Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 10.61 this year, although the value of Tax Provision will most likely fall to about 223.3 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 39.9M | 56.2M | 108.9M | 114.3M | Depreciation And Amortization | 141.5M | 139.1M | 135.5M | 142.3M |
Golden Ocean fundamental ratios Correlations
Click cells to compare fundamentals
Golden Ocean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Golden Ocean fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.0B | 2.7B | 3.5B | 3.3B | 3.5B | 3.7B | |
Short Long Term Debt Total | 1.3B | 1.2B | 1.4B | 1.2B | 1.5B | 1.5B | |
Other Current Liab | 71.5M | 69.2M | 64.0M | 54.9M | 62.3M | 65.4M | |
Total Current Liabilities | 233.4M | 241.7M | 248.1M | 211.6M | 226.2M | 237.5M | |
Total Stockholder Equity | 1.5B | 1.4B | 1.9B | 1.9B | 1.9B | 2.0B | |
Property Plant And Equipment Net | 2.6B | 2.4B | 3.0B | 2.9B | 3.1B | 3.3B | |
Net Debt | 1.3B | 1.1B | 1.2B | 1.1B | 1.4B | 1.4B | |
Retained Earnings | (228.7M) | (366.7M) | 160.1M | 328.9M | 340.0M | 357.0M | |
Cash | 88.9M | 153.1M | 197.0M | 134.8M | 118.6M | 88.6M | |
Non Current Assets Total | 2.7B | 2.4B | 3.1B | 3.0B | 3.2B | 3.4B | |
Non Currrent Assets Other | 81.9M | 16.2M | 8.9M | 35.8M | 15.7M | 27.8M | |
Cash And Short Term Investments | 88.9M | 153.1M | 197.0M | 134.8M | 118.6M | 88.6M | |
Net Receivables | 113.2M | 65.5M | 100.7M | 94.0M | 110.6M | 116.1M | |
Common Stock Shares Outstanding | 143.9M | 143.6M | 193.0M | 201.2M | 200.5M | 210.5M | |
Liabilities And Stockholders Equity | 3.0B | 2.7B | 3.5B | 3.3B | 3.5B | 3.7B | |
Non Current Liabilities Total | 1.2B | 1.1B | 1.3B | 1.1B | 1.3B | 1.4B | |
Other Current Assets | 168.7M | 109.4M | 159.4M | 161.1M | 8.8M | 8.4M | |
Other Stockholder Equity | 1.7B | 1.7B | 1.8B | 1.6B | 1.6B | 844.8M | |
Total Liab | 1.5B | 1.4B | 1.5B | 1.3B | 1.6B | 1.6B | |
Property Plant And Equipment Gross | 2.6B | 2.4B | 3.0B | 2.9B | 3.8B | 4.0B | |
Total Current Assets | 273.1M | 284.5M | 369.4M | 299.1M | 278.9M | 156.5M | |
Short Term Debt | 119.7M | 128.1M | 141.5M | 116.8M | 131.5M | 67.0M | |
Inventory | 28.2M | 25.2M | 43.4M | 45.4M | 40.9M | 42.9M | |
Other Assets | 19.0M | 16.2M | 50.3M | 35.8M | 32.2M | 26.3M | |
Long Term Debt | 1.0B | 957.7M | 1.2B | 1.0B | 1.3B | 650.6M | |
Property Plant Equipment | 2.6B | 2.4B | 3.0B | 2.9B | 3.3B | 3.4B | |
Current Deferred Revenue | 29.8M | 25.9M | 36.1M | 32.8M | 22.8M | 12.8M | |
Accounts Payable | 12.4M | 18.4M | 6.5M | 7.1M | 9.5M | 5.6M | |
Short Term Investments | 12.0M | 13.9M | 3.7M | 1.7M | 2.2M | 0.0 | |
Long Term Investments | 21.5M | 16.4M | 41.3M | 65.4M | 58.5M | 61.5M | |
Short Long Term Debt | 87.8M | 87.8M | 105.9M | 92.9M | 109.3M | 107.3M | |
Net Tangible Assets | 1.5B | 1.4B | 1.9B | 1.9B | 2.2B | 1.6B |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Golden Ocean Group information on this page should be used as a complementary analysis to other Golden Ocean's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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Is Golden Ocean's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Ocean. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Ocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 0.8 | Earnings Share 0.93 | Revenue Per Share 4.686 | Quarterly Revenue Growth 0.256 |
The market value of Golden Ocean Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.