Cool Company Ltd. (CLCO) Financials
Newest figures come from the 6-K for Q2 FY2025, filed Aug 28, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CLCO SEC filings page.
Cool Company 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).
Cool Company earns cash from an asset-heavy fleet, but 2024’s weaker earnings coincided with greater leverage and investment funding needs.
Free cash flow fell from$185.1M in FY2023 to$119.6M in FY2024, showing that positive cash generation became less available after reinvestment. Meanwhile, debt-to-equity was 1.5x while investing cash flow reached-$187.6M , linking the heavier asset-building period with greater reliance on balance-sheet funding.
Revenue fell
Long-term debt 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 Company 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 Company 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 94/100, reflecting efficient cost management and pricing power. This is down from 53.0% the prior year.
Cool Company Ltd.'s revenue declined 10.7% year-over-year, from $379.0M to $338.5M. This contraction results in a growth score of 87/100.
Cool Company Ltd. has elevated debt relative to equity (D/E of 1.53), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 14/100, reflecting increased financial risk.
Cool Company Ltd.'s current ratio of 0.73 is below the typical benchmark, resulting in a score of 17/100. However, the company holds substantial cash reserves (68% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Cool Company Ltd. converts 35.3% of revenue into free cash flow ($119.6M). This strong cash generation earns a score of 97/100.
Cool Company Ltd. earns a strong 12.9% return on equity (ROE), meaning it generates $13 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is down from 23.7% the prior year.
Cool Company 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 Company 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 Company 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 Company 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
None of these metrics is reported for Q2 2025.
Cash & Balance Sheet
Cool Company Ltd. held $109.2M in cash against $1.3B in long-term debt as of Q2 2025.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
None of these metrics is reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
CLCO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
CLCO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'256-K | Q4'246-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q4'2110-K |
|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B+14.5% | $2.2B+9.1% | $2.0B-8.4% | $2.1B-0.1% | $2.2B | $2.1B+40.3% | $1.5B |
| Current Assets | $123.9M+27.7% | $177.2M+14.9% | $97.1M-70.3% | $154.3M+6.1% | $326.5M | $145.3M+83.3% | $79.3M |
| Cash & Equivalents | $109.2M+29.4% | $165.3M+23.8% | $84.4M-72.7% | $133.5M+3.4% | $309.4M | $129.1M+281.9% | $33.8M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.7M+319.9% | $3.7M+0.2% | $879K+45.5% | $3.7M+269.2% | $604K | $991K | $0 |
| Long-Term Investments | $1.6M0.0% | $1.6M+78.7% | $1.6M | $884K | $0 | $0 | $0 |
| Total Liabilities | $1.5B+28.6% | $1.5B+18.5% | $1.2B-15.9% | $1.3B-6.9% | $1.4B | $1.3B+85.6% | $723.5M |
| Current Liabilities | $156.2M-44.5% | $243.7M-16.9% | $281.6M-31.7% | $293.3M+5.3% | $412.3M | $278.6M-33.3% | $417.5M |
| Non-Current Liabilities | $1.4B+51.2% | $1.2B+29.3% | $909.2M-9.3% | $957.0M-10.0% | $1.0B | $1.1B+247.7% | $306.0M |
| Long-Term Debt | $1.3B+58.1% | $1.2B+34.3% | $827.2M-8.5% | $866.7M-9.6% | $904.2M | $958.2M+227.8% | $292.3M |
| Total Equity | $779.2M+3.1% | $761.5M+3.5% | $755.7M+5.2% | $736.0M+13.8% | $718.1M | $646.6M+13.7% | $568.6M |
| Retained Earnings | $217.9M+13.8% | $197.0M+13.9% | $191.6M+22.7% | $173.0M+101.7% | $156.1M | $85.7M+140.4% | -$212.3M |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
CLCO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF 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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Cool Company Ltd. CLCO | FY2024 | $338.5M | $98.1M | 29.0% | $511.2M | 63/100 |
| New Fortress Energy Inc. NFE | FY2025 | $1.5B | -$1.8B | N/A | $24.7M | 4/100 |
| Nordic American Tanker NAT | FY2025 | $291.7M | $12.3M | 4.2% | $1.8B | 33/100 |
| Tsakos Energy Navigation Ltd. TEN | FY2025 | $798.7M | $160.9M | 20.2% | $1.6B | 34/100 |
| Teekay Corporation Ltd. TK | FY2025 | $949.5M | $98.1M | 10.3% | $1.3B | 70/100 |
| NGL ENERGY PARTNERS LP NGL | FY2026 | $3.2B | -$142.3M | -4.5% | $1.9B | 30/100 |
Where Cool Company Ltd. Ranks
Frequently Asked Questions
What is Cool Company Ltd.'s annual revenue?
Cool Company 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 Company Ltd.'s revenue growing?
Cool Company Ltd. (CLCO) revenue declined by 10.7% year-over-year, from $379.0M to $338.5M in fiscal year 2024.
Is Cool Company Ltd. profitable?
Yes, Cool Company Ltd. (CLCO) reported a net income of $98.1M in fiscal year 2024, with a net profit margin of 29.0%.
What is Cool Company Ltd.'s EBITDA?
Cool Company Ltd. (CLCO) had EBITDA of $239.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cool Company Ltd. have?
As of fiscal year 2024, Cool Company Ltd. (CLCO) had $165.3M in cash and equivalents against $1.2B in long-term debt.
What is Cool Company Ltd.'s operating margin?
Cool Company 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 Company Ltd.'s net profit margin?
Cool Company 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 Company Ltd.'s return on equity (ROE)?
Cool Company 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 Company Ltd.'s free cash flow?
Cool Company 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 Company Ltd.'s operating cash flow?
Cool Company Ltd. (CLCO) generated $146.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cool Company Ltd.'s total assets?
Cool Company Ltd. (CLCO) had $2.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Cool Company Ltd.'s capital expenditures?
Cool Company Ltd. (CLCO) invested $26.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Cool Company Ltd.'s current ratio?
Cool Company 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 Company Ltd.'s debt-to-equity ratio?
Cool Company 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 Company Ltd.'s return on assets (ROA)?
Cool Company 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 Company Ltd.'s Altman Z-Score?
Cool Company 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 Company Ltd.'s Piotroski F-Score?
Cool Company 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 Company Ltd.'s earnings high quality?
Cool Company 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 Company Ltd. cover its interest payments?
Cool Company 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 Company Ltd.?
Cool Company Ltd. (CLCO) scores 63 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.