Cool Co Ltd Financials
Cool Co Ltd (CLCO) reported $338.5M in revenue for fiscal year 2024, down 10.7% from the prior fiscal year. This page shows its 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).
An asset-heavy, debt-funded cash engine where operating profit stays high but owner cash hinges on reinvestment.
From FY2023 to FY2024, net income fell from$174.7M to$98.1M , but that understates the operating change because operating cash flow remained ahead of earnings in both years as depreciation stayed large. What really tightened free cash flow was reinvestment: capex nearly doubled to$26.5M , so a business with a48.1% operating margin converted less of its profit into cash available after upkeep.
The balance sheet is being used as a financing tool, not just a buffer: debt-to-equity rose to 1.5x while the current ratio improved only to 0.7x, which means long-lived assets are being funded more aggressively than near-term liquidity suggests. Cash on hand of
This is also an asset-heavy earnings model: EBITDA was
Financial Health Signals
Scored against energy companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cool Co Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cool Co Ltd passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
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.
Cool Co Ltd earns $2.07 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.
Key Financial Metrics
Earnings & Revenue
Cool Co Ltd generated $338.5M in revenue in fiscal year 2024. This represents a decrease of 10.7% from the prior year.
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.
Cool Co Ltd reported $98.1M in net income in fiscal year 2024. This represents a decrease of 43.8% from the prior year.
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 & Balance Sheet
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.
Cool Co Ltd held $165.3M in cash against $1.2B in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2024.
Capital Allocation
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
CLCO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
CLCO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
CLCO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
Not reported in any period shown, so not listed: Share Buybacks.
CLCO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| 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%+3.0pp | -0.2% |
| Return on Assets | 4.4%-4.1pp | 8.5%+4.3pp | 4.2%+3.1pp | 1.1% | N/A |
| Current Ratio | 0.73+0.2x | 0.530.0x | 0.52+0.3x | 0.19 | N/A |
| Debt-to-Equity | 1.53+0.4x | 1.18-0.3x | 1.48+1.0x | 0.51 | N/A |
| FCF Margin | 35.3%-13.5pp | 48.8%-6.7pp | 55.5%-8.7pp | 64.2% | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Cool Co Ltd Ranks
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 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.
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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 2.07x, 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 62 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.