In the wake of the increase in Current Liabilities in the fourth quarter 2024, Quick Ratio fell to 0.55 below Golden Ocean Group Limited average.

Within Cruise and Shipping industry 8 other companies have achieved higher Quick Ratio than Golden Ocean Group Limited in fourth quarter 2024. While Quick Ratio total ranking in the fourth quarter 2024 has deteriorated compared to the prior quarter from 0 to 2362.

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GOGL Quick Ratio	(Dec 31 2024) Q4	0 Q3	0 Q2	0 Q1	(Dec 31 2023) Q4
Y / Y Current Liabilities Change	3.67 %	3.63 %	1.79 %	3.63 %	5.76 %
Y / Y Cash & cash equivalent Change	10.93 %	10.93 %	-6.64 %	10.93 %	-15.03 %
Quick Ratio MRQ	0.55	0.55	0.43	0.55	0.51
GOGL's Total Ranking	# 2362	# 0	# 2270	# 0	# 1708
Seq. Current Liabilities Change	0.27 %	0.76 %	-0.75 %	3.39 %	0.23 %
Seq. Cash & cash equivalent Change	0 %	29.81 %	-22.97 %	10.93 %	0 %

Quick Ratio fourth quarter 2024 Company Ranking
Within:	No.
Cruise and Shipping Industry	# 9
Services Sector	# 265
Overall Market	# 2362

Quick Ratio Statistics
High	Average	Low
13.25	2.4	0.44
(Dec 31 2013)		(Dec 31 2019)

Financial Statements
Golden Ocean Group Limited's Current Liabilities	$ 235 Millions	Visit GOGL's Balance sheet
Golden Ocean Group Limited's Cash & cash equivalent	$ 129 Millions	Visit GOGL's Balance sheet
Source of GOGL's Sales		Visit GOGL's Sales by Geography

Cumulative Golden Ocean Group Limited's Quick Ratio

GOGL's Quick Ratio for the trailling 12 Months

GOGL Quick Ratio	(Dec 31 2024) 12 Months	0 12 Months	0 12 Months	0 12 Months	(Dec 31 2023) 12 Months
Y / Y Current Liabilities TTM Growth	3.17 %	3.67 %	4.45 %	7.01 %	7.89 %
Y / Y Cash & cash equivalent TTM Growth	6.82 %	-0.47 %	-7.15 %	-15.7 %	-20.92 %
Quick Ratio TTM	0.52	0.51	0.5	0.51	0.5
Total Ranking TTM	# 3722	# 0	# 3434	# 0	# 3996
Seq. Current Liabilities TTM Growth	0.9 %	0.89 %	0.45 %	0.9 %	1.38 %
Seq. Cash & cash equivalent TTM Growth	2.68 %	2.76 %	-1.51 %	2.79 %	-4.32 %

Quick ratio ranking by company, industry and sector >> Back to GOGL Financial Strength Comparisons >> Go to Compare GOGL Quick Ratio to its Competitors

On the trailing twelve months basis GOGL Cash & cash equivalent increased by 10.93 % in Q4 2024 year on year, faster than Current Liabilities, this led to increase in in Golden Ocean Group Limited's Quick Ratio to 0.52, Quick Ratio remained below GOGL average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Cruise and Shipping industry 17 other companies have achieved higher Quick Ratio than Golden Ocean Group Limited. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2024 from 0 to 3722.

Explain Quick Ratio?
How much Cash & cash equivalents GOGL�s has?
What are GOGL�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Cruise and Shipping Industry	# 18
Services Sector	# 518
Within the Market	# 3722

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.8	0.73	0.44
(Dec 31 2017)		(Dec 31 2019)

Companies with similar Quick Ratio in the quarter ending Dec 31 2024, within Cruise and Shipping Industry	Quick Ratio	Dec 31 2024 MRQ Cash & cash equivalent	Dec 31 2024 MRQ Current Liabilities
International Seaways Inc	1.20	$ 157.506 Millions	$ 130.935 Millions
Tidewater Inc	0.98	$ 324.918 Millions	$ 331.613 Millions
Nordic American Tankers Ltd	0.92	$ 39.177 Millions	$ 42.409 Millions
Golar Lng Limited	0.81	$ 641.963 Millions	$ 792.669 Millions
Cool Company Ltd	0.68	$ 165.274 Millions	$ 243.961 Millions
Dynagas Lng Partners Lp	0.67	$ 68.156 Millions	$ 101.965 Millions
Matson inc	0.62	$ 266.800 Millions	$ 431.400 Millions
Golden Ocean Group Limited	0.55	$ 129.106 Millions	$ 235.018 Millions
Eurodry Ltd	0.36	$ 6.711 Millions	$ 18.761 Millions
Seapeak Llc	0.32	$ 153.726 Millions	$ 484.394 Millions
Knot Offshore Partners Lp	0.25	$ 66.933 Millions	$ 264.320 Millions
Viking Holdings Ltd	0.24	$ 2,489.672 Millions	$ 10,323.106 Millions
Rubico Inc	0.21	$ 1.161 Millions	$ 5.421 Millions
Brookfield Infrastructure Partners l p	0.19	$ 3,280.000 Millions	$ 16,894.000 Millions
United Maritime Corp	0.19	$ 6.412 Millions	$ 33.516 Millions
Odyssey Marine Exploration Inc	0.19	$ 4.792 Millions	$ 25.519 Millions

Date modified: 2026-09-18T13:11:06+00:00

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