Cool Co (Cool Co) LT-Debt-to-Total-Asset : 0.42 (As of Dec. 2023)

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What is Cool Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Cool Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.42.

Cool Co's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.42). It may suggest that Cool Co is progressively becoming more dependent on debt to grow their business.

Cool Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cool Co's LT-Debt-to-Total-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 LT-Debt-to-Total-Asset Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

0.47

0.42

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.47	0.41	0.44	0.42

Cool Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	869.581	/	2056.943
	=	0.42

Cool Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	869.581	/	2056.943
	=	0.42

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Cool Co LT-Debt-to-Total-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 » LT-Debt-to-Total-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.