Cool Co (Cool Co) Debt-to-Asset : 0.51 (As of Mar. 2024)

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What is Cool Co Debt-to-Asset?

Cool Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $185.0 Mil. Cool Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $857.6 Mil. Cool Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $2,046.0 Mil. Cool Co's debt to asset for the quarter that ended in Mar. 2024 was 0.51.

Cool Co Debt-to-Asset Historical Data

The historical data trend for Cool Co's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cool Co Debt-to-Asset Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.43

0.55

0.52

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial				-	0.48	0.51	0.52	0.51

Competitive Comparison of Cool Co's Debt-to-Asset

For the Oil & Gas Midstream subindustry, Cool Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cool Co's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cool Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Cool Co's Debt-to-Asset falls into.

Cool Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cool Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(195.525	+	869.581)	/	2056.943
	=	0.52

Cool Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(185.013	+	857.597)	/	2045.951
	=	0.51

Cool Co (NYSE:CLCO) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Cool Co Debt-to-Asset Related Terms

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Cool Co (Cool Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cool Co Ltd (NYSE:CLCO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CLCO:Norway HQ3:Germany

Address

9 Par-La-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.coolcoltd.com

Cool Co Ltd is a LNG shipping company. The company operates and manages the fuel-efficient LNGCs providing critical supply chain support to the international energy industry and flexible LNG transportation solutions, providing a lesser-emitting form of energy to help enable decarbonization efforts. Geographical presence of the company is in Singapore, Europe, Asia, Dutch, Japan and other International LNG trader.