Cool Co (OSL:CLCO) Debt-to-EBITDA : 4.62 (As of Dec. 2023)

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What is Cool Co Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Cool Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr2,063 Mil. Cool Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr9,174 Mil. Cool Co's annualized EBITDA for the quarter that ended in Dec. 2023 was kr2,432 Mil. Cool Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.62.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Cool Co's Debt-to-EBITDA or its related term are showing as below:

OSL:CLCO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.37 Med: 4.41 Max: 5.45
Current: 5.35

During the past 3 years, the highest Debt-to-EBITDA Ratio of Cool Co was 5.45. The lowest was 3.37. And the median was 4.41.

OSL:CLCO's Debt-to-EBITDA is ranked worse than
87.07% of 719 companies
in the Oil & Gas industry
Industry Median: 1.76 vs OSL:CLCO: 5.35

Cool Co Debt-to-EBITDA Historical Data

The historical data trend for Cool Co's Debt-to-EBITDA 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.

* Premium members only.

Cool Co Debt-to-EBITDA Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

5.45

N/A

3.37

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	N/A	4.12	3.53	4.62

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

For the Oil & Gas Midstream subindustry, Cool Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Oil & Gas Industry

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

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

Cool Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2062.671	+	9173.558)	/	3334.771
	=	3.37

Cool Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2062.671	+	9173.558)	/	2431.804
	=	4.62

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Cool Co (OSL:CLCO) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Cool Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Cool Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Cool Co (OSL:CLCO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CLCO:USA HQ3:Germany 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.