The company maintains a conservative debt profile with a 1.74 debt-to-equity ratio, though the current ratio has tightened to 0.85 as of 2025Q3.
| Total Current Assets | 138.68M | 177.21M | 154.25M | 145.34M | 72.13M |
| Cash & Short-Term Investments | 117.65M | 165.27M | 133.5M | 129.13M | 26.91M |
| Cash Only | 117.65M | 165.27M | 133.5M | 129.13M | 26.91M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 5.88M | 11.41M | 5.76M | 770K |
| Days Sales Outstanding | 7.41 | 6.65 | 11.52 | 9.54 | 1.74 |
| Inventory | 5.43M | 3.67M | 3.66M | 991K | 43.05M |
| Days Inventory Outstanding | 12.17 | 17.3 | 9.8 | 3.7 | 167.99 |
| Other Current Assets | 0 | 633.59K | 4.17M | 12.28M | 44.45M |
| Total Non-Current Assets | 2.17B | 2.07B | 1.9B | 1.91B | 1.38B |
| Property, Plant & Equipment | 2.16B | 2.05B | 1.89B | 1.89B | 1.38B |
| Fixed Asset Turnover | 0.15x | 0.16x | 0.19x | 0.12x | 0.12x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 6.19M | 7.47M | 9.44M | 8.31M | 0 |
| Long-Term Investments | 3.64M | 1.58M | 7.33M | 9.28M | 779.02K |
| Other Non-Current Assets | 6.5M | 8.14M | 34.8K | 11M | -779.02K |
| Total Assets | 2.31B | 2.24B | 2.06B | 2.06B | 1.46B |
| Asset Turnover | 0.14x | 0.14x | 0.18x | 0.11x | 0.11x |
| Asset Growth % | 50.49% | 9.05% | -0.05% | 41.4% | - |
| Total Current Liabilities | 163.27M | 243.73M | 292.46M | 278.59M | 414.38M |
| Accounts Payable | 0 | 19.61M | 12.23M | 2.58M | 2.37M |
| Days Payables Outstanding | 80.05 | 92.55 | 32.75 | 9.62 | 9.24 |
| Short-Term Debt | 77.97M | 142M | 195.35M | 180.45M | 338.5M |
| Deferred Revenue (Current) | 31.49M | 15.73M | 16.95M | 20.61M | 57.83M |
| Other Current Liabilities | 85.3M | 28.74M | 24.59M | 44.17M | 15.67M |
| Current Ratio | 0.85x | 0.73x | 0.53x | 0.52x | 0.17x |
| Quick Ratio | 0.82x | 0.71x | 0.51x | 0.52x | 0.07x |
| Cash Conversion Cycle | -60.46 | -68.6 | -11.43 | 3.63 | 160.48 |
| Total Non-Current Liabilities | 1.36B | 1.24B | 957.03M | 1.06B | 303.82M |
| Long-Term Debt | 1.3B | 1.16B | 866.67M | 958.24M | 292.32M |
| Capital Lease Obligations | 4.57M | 2.35M | 2.91M | 510K | 2.18M |
| Deferred Tax Liabilities | 0 | 0 | 0 | -104.9M | 0 |
| Other Non-Current Liabilities | 61.92M | 0 | 262.21K | 105.21M | 9.32M |
| Total Liabilities | 1.52B | 1.48B | 1.25B | 1.34B | 718.2M |
| Total Debt | 1.37B | 1.31B | 1.07B | 1.14B | 630.82M |
| Net Debt | 1.26B | 1.14B | 931.61M | 1.01B | 603.92M |
| Debt / Equity | 1.74x | 1.72x | 1.32x | 1.59x | 0.86x |
| Debt / EBITDA | 6.20x | 5.86x | 4.10x | 6.79x | 5.42x |
| Net Debt / EBITDA | 5.67x | 5.12x | 3.58x | 6.02x | 5.19x |
| Interest Coverage | 1.36x | 2.07x | 2.51x | 3.62x | 4.14x |
| Total Equity | 790.06M | 761.5M | 806.37M | 715.51M | 737.26M |
| Equity Growth % | -20.37% | -5.56% | 12.7% | -2.95% | - |
| Book Value per Share | - | 14.15 | 15.02 | 13.33 | 729.96 |
| Total Shareholders' Equity | 790.06M | 761.5M | 735.99M | 646.56M | 562.76M |
| Common Stock | 52.87M | 53.73M | 53.7M | 53.69M | 1.01M |
| Retained Earnings | 0 | 196.99M | 172.96M | 85.74M | -212.04M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 70.38M | 68.96M | 174.5M |
TFDE fleet obsolescence risk
According to recent balance sheet filings, Cool Company Ltd. has grown total assets to $2.3B as of 2025Q3, yet this expansion appears disconnected from operational performance, as the firm struggles to convert its capital base into consistent earnings amidst a shifting marine shipping environment.
The steady increase in total assets suggests a capital-intensive strategy, yet the lack of corresponding growth in retained earnings indicates that this expansion is not currently driving shareholder value. Investors should monitor whether this asset growth reflects necessary fleet maintenance or an over-investment in aging technology that may soon face impairment.
Based on reported figures, the company maintains a D/E ratio of 1.74 as of 2025Q3, which, while elevated compared to historical lows, suggests that management continues to utilize a relatively conservative debt profile to navigate the inherent volatility of the LNG shipping sector.
The debt structure appears designed to provide a buffer against spot market fluctuations, though the reliance on $1.4B in total debt warrants scrutiny regarding refinancing terms. The stability of this leverage ratio implies that the company is not currently over-extending its balance sheet to fund operations, which provides a degree of safety in a cooling market.
As reported in financial statements, the current ratio has declined to 0.85 in 2025Q3, signaling that the company's ability to cover short-term obligations is tightening significantly compared to the 0.97 level observed earlier in the year, potentially limiting its operational flexibility.
The reduction in cash reserves to $117.6M, down from peaks exceeding $300M in previous periods, suggests that the company is burning through liquidity to sustain its dividend or cover rising maintenance costs. This trend warrants close monitoring, as a current ratio below 1.0 indicates a reliance on ongoing cash flow to meet immediate liabilities.
Analysis of the balance sheet reveals that the $2.2B in net PPE may be subject to significant impairment risk, as the reported figures do not fully account for the potential obsolescence of the TFDE fleet under tightening global environmental regulations.
While the headline asset value remains high, the economic utility of these vessels may be declining faster than the accounting depreciation schedule suggests. Investors should be wary that a sudden write-down of these assets could materially impact the equity base and trigger a re-evaluation of the company's long-term solvency.
Quick answers to the most common questions about buying CLCO stock.
As of 2024, Cool Company Ltd. (CLCO) had total assets of $2.24B including $177.2M in current assets.
Cool Company Ltd. (CLCO) carries total debt of $1.31B, offset by $165.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cool Company Ltd. (CLCO) has total shareholders' equity (book value) of $761.5M ($14.15 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cool Company Ltd. (CLCO) reported a current ratio of 0.73x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.