Cool Co Ltd Financials

CLCO

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 53/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Cool Co Ltd has an operating margin of 48.1%, meaning the company retains $48 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 53.0% the prior year.

Growth

Cool Co Ltd's revenue declined 10.7% year-over-year, from $379.0M to $338.5M. This contraction results in a growth score of 0/100.

Leverage

Cool Co Ltd has a moderate D/E ratio of 1.53. This balance of debt and equity financing earns a leverage score of 55/100.

Liquidity

Cool Co Ltd's current ratio of 0.73 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 9/100, which could limit financial flexibility.

Cash Flow

100

Cool Co Ltd converts 35.3% of revenue into free cash flow ($119.6M). This strong cash generation earns a score of 100/100.

Returns

Cool Co Ltd's ROE of 12.9% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 23.7% the prior year.

Altman Z-Score Distress

0.69

Cool Co Ltd scores 0.69, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Cool Co Ltd passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.49x

For every $1 of reported earnings, Cool Co Ltd generates $1.49 in operating cash flow ($146.1M OCF vs $98.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.1x

Cool Co Ltd earns $2.1 in operating income for every $1 of interest expense ($162.9M vs $78.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Cool Co Ltd (CLCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Export CSV

Key Financial Metrics

Revenue

$338.5M

YoY-10.7%

Cool Co Ltd generated $338.5M in revenue in fiscal year 2024. This represents a decrease of 10.7% from the prior year.

EBITDA

$239.2M

YoY-13.8%

Cool Co Ltd's EBITDA was $239.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.8% from the prior year.

Free Cash Flow

$119.6M

YoY-35.4%

Cool Co Ltd generated $119.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 35.4% from the prior year.

Net Income

$98.1M

YoY-43.8%

Cool Co Ltd reported $98.1M in net income in fiscal year 2024. This represents a decrease of 43.8% from the prior year.

EPS (Diluted)

$1.82

YoY-44.0%

Cool Co Ltd earned $1.82 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 44.0% from the prior year.

Cash & Debt

$165.3M

YoY+23.8%

Cool Co Ltd held $165.3M in cash against $1.2B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

54M

YoY+0.0%

Cool Co Ltd had 54M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

N/A

Operating Margin

48.1%

YoY-4.9pp

Cool Co Ltd's operating margin was 48.1% in fiscal year 2024, reflecting core business profitability. This is down 4.9 percentage points from the prior year.

Net Margin

29.0%

YoY-17.1pp

Cool Co Ltd's net profit margin was 29.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 17.1 percentage points from the prior year.

Return on Equity

12.9%

YoY-10.9pp

Cool Co Ltd's ROE was 12.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 10.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$26.5M

YoY+92.2%

Cool Co Ltd invested $26.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 92.2% from the prior year.

CLCO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$338.5M-10.7%	$379.0M+78.0%	$213.0M+23.9%	$171.9M-0.4%	$172.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$21.9M-9.3%	$24.2M+72.6%	$14.0M-21.1%	$17.7M+22.9%	$14.4M
Operating Income	$162.9M-18.9%	$200.9M+81.1%	$110.9M+65.5%	$67.0M+10.8%	$60.5M
Interest Expense	$78.7M-1.9%	$80.2M+161.5%	$30.7M+69.5%	$18.1M-32.9%	$27.0M
Income Tax	$277K-50.2%	$556K+400.9%	$111K-50.0%	$222K-37.1%	$353K
Net Income	$98.1M-43.8%	$174.7M+103.8%	$85.7M+440.4%	$15.9M+1225.2%	-$1.4M
EPS (Diluted)	$1.82-44.0%	$3.25+53.3%	$2.12	$15.71+1222.1%	$-1.40

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

CLCO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.2B+9.1%	$2.1B-0.1%	$2.1B+40.3%	$1.5B	N/A
Current Assets	$177.2M+14.9%	$154.3M+6.1%	$145.3M+83.3%	$79.3M	N/A
Cash & Equivalents	$165.3M+23.8%	$133.5M+3.4%	$129.1M+281.9%	$33.8M-1.5%	$34.3M
Inventory	$3.7M+0.2%	$3.7M+269.2%	$991K	$0	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+18.5%	$1.3B-6.9%	$1.3B+85.6%	$723.5M	N/A
Current Liabilities	$243.7M-16.9%	$293.3M+5.3%	$278.6M-33.3%	$417.5M	N/A
Long-Term Debt	$1.2B+34.3%	$866.7M-9.6%	$958.2M+227.8%	$292.3M	N/A
Total Equity	$761.5M+3.5%	$736.0M+13.8%	$646.6M+13.7%	$568.6M-11.4%	$641.8M
Retained Earnings	$197.0M+13.9%	$173.0M+101.7%	$85.7M+140.4%	-$212.3M	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Total Assets	$2.3B+3.0%	$2.2B+9.1%	$2.1B-6.6%	$2.2B+7.1%	$2.1B+40.3%	$1.5B
Current Assets	$123.9M-30.1%	$177.2M+14.9%	$154.3M-52.8%	$326.5M+124.7%	$145.3M+83.3%	$79.3M
Cash & Equivalents	$109.2M-33.9%	$165.3M+23.8%	$133.5M-56.9%	$309.4M+139.6%	$129.1M+281.9%	$33.8M
Inventory	$3.7M+0.7%	$3.7M+0.2%	$3.7M+505.8%	$604K-39.1%	$991K	$0
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+3.3%	$1.5B+18.5%	$1.3B-11.6%	$1.4B+5.4%	$1.3B+85.6%	$723.5M
Current Liabilities	$156.2M-35.9%	$243.7M-16.9%	$293.3M-28.9%	$412.3M+48.0%	$278.6M-33.3%	$417.5M
Long-Term Debt	$1.3B+12.3%	$1.2B+34.3%	$866.7M-4.1%	$904.2M-5.6%	$958.2M+227.8%	$292.3M
Total Equity	$779.2M+2.3%	$761.5M+3.5%	$736.0M+2.5%	$718.1M+11.1%	$646.6M+13.7%	$568.6M
Retained Earnings	$217.9M+10.6%	$197.0M+13.9%	$173.0M+10.8%	$156.1M+82.0%	$85.7M+140.4%	-$212.3M

CLCO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$146.1M-26.6%	$198.9M+68.2%	$118.2M+7.1%	$110.4M+29.8%	$85.1M
Capital Expenditures	$26.5M+92.2%	$13.8M	$0-100.0%	$41K	N/A
Free Cash Flow	$119.6M-35.4%	$185.1M+56.6%	$118.2M+7.2%	$110.3M	N/A
Investing Cash Flow	-$187.6M-1446.5%	-$12.1M+96.6%	-$353.5M-862109.8%	-$41K+19.6%	-$51K
Financing Cash Flow	$69.9M+138.3%	-$182.5M-157.5%	$317.5M+451.2%	-$90.4M-5.1%	-$86.0M
Dividends Paid	$74.1M-15.3%	$87.5M	$0	$0	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

CLCO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	48.1%-4.9pp	53.0%+0.9pp	52.1%+13.1pp	39.0%+3.9pp	35.1%
Net Margin	29.0%-17.1pp	46.1%+5.8pp	40.3%+31.0pp	9.2%+10.0pp	-0.8%
Return on Equity	12.9%-10.9pp	23.7%+10.5pp	13.3%+10.5pp	2.8%	N/A
Return on Assets	4.4%-4.1pp	8.5%+4.3pp	4.2%+3.1pp	1.1%	N/A
Current Ratio	0.73+0.2	0.530.0	0.52+0.3	0.19	N/A
Debt-to-Equity	1.53+0.4	1.18-0.3	1.48+1.0	0.51	N/A
FCF Margin	35.3%-13.5pp	48.8%-6.7pp	55.5%-8.7pp	64.2%	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.79+0.1	0.73+0.2	0.53-0.3	0.79+0.3	0.52+0.3	0.19
Debt-to-Equity	1.68+0.1	1.53+0.4	1.18-0.1	1.26-0.2	1.48+1.0	0.51
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

New Fortress Energy NFE

$347.2M

Nordic American Tankers NAT

$961.3M

Tsakos Energy TEN

$853.2M

Teekay Corporation Ltd TK

$973.8M

Ngl Energy Partners Lp NGL

$1.5B

Frequently Asked Questions

What is Cool Co Ltd's annual revenue?

Cool Co Ltd (CLCO) reported $338.5M in total revenue for fiscal year 2024. This represents a -10.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cool Co Ltd's revenue growing?

Cool Co Ltd (CLCO) revenue declined by 10.7% year-over-year, from $379.0M to $338.5M in fiscal year 2024.

Is Cool Co Ltd profitable?

Yes, Cool Co Ltd (CLCO) reported a net income of $98.1M in fiscal year 2024, with a net profit margin of 29.0%.

What is Cool Co Ltd's earnings per share (EPS)?

Cool Co Ltd (CLCO) reported diluted earnings per share of $1.82 for fiscal year 2024. This represents a -44.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Cool Co Ltd's EBITDA?

Cool Co Ltd (CLCO) had EBITDA of $239.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cool Co Ltd have?

As of fiscal year 2024, Cool Co Ltd (CLCO) had $165.3M in cash and equivalents against $1.2B in long-term debt.

What is Cool Co Ltd's operating margin?

Cool Co Ltd (CLCO) had an operating margin of 48.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Cool Co Ltd's net profit margin?

Cool Co Ltd (CLCO) had a net profit margin of 29.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Cool Co Ltd's return on equity (ROE)?

Cool Co Ltd (CLCO) has a return on equity of 12.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Cool Co Ltd's free cash flow?

Cool Co Ltd (CLCO) generated $119.6M in free cash flow during fiscal year 2024. This represents a -35.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cool Co Ltd's operating cash flow?

Cool Co Ltd (CLCO) generated $146.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Cool Co Ltd's total assets?

Cool Co Ltd (CLCO) had $2.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Cool Co Ltd's capital expenditures?

Cool Co Ltd (CLCO) invested $26.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Cool Co Ltd have outstanding?

Cool Co Ltd (CLCO) had 54M shares outstanding as of fiscal year 2024.

What is Cool Co Ltd's current ratio?

Cool Co Ltd (CLCO) had a current ratio of 0.73 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Cool Co Ltd's debt-to-equity ratio?

Cool Co Ltd (CLCO) had a debt-to-equity ratio of 1.53 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cool Co Ltd's return on assets (ROA)?

Cool Co Ltd (CLCO) had a return on assets of 4.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Cool Co Ltd's Altman Z-Score?

Cool Co Ltd (CLCO) has an Altman Z-Score of 0.69, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cool Co Ltd's Piotroski F-Score?

Cool Co Ltd (CLCO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cool Co Ltd's earnings high quality?

Cool Co Ltd (CLCO) has an earnings quality ratio of 1.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cool Co Ltd cover its interest payments?

Cool Co Ltd (CLCO) has an interest coverage ratio of 2.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cool Co Ltd?

Cool Co Ltd (CLCO) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.