CLCO (Cool Co) Interest Expense : $-79.7 Mil (TTM As of Jun. 2024)

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What is Cool Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cool Co's interest expense for the three months ended in Jun. 2024 was $ -19.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-79.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Cool Co's Operating Income for the three months ended in Jun. 2024 was $ 41.4 Mil. Cool Co's Interest Expense for the three months ended in Jun. 2024 was $ -19.2 Mil. Cool Co's Interest Coverage for the quarter that ended in Jun. 2024 was 2.16. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cool Co Interest Expense Historical Data

The historical data trend for Cool Co's Interest Expense 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 Interest Expense Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-18.09

-80.19

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial					-19.86	-20.38	-20.46	-19.68	-19.18

Cool Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-79.7 Mil.

Cool Co (NYSE:CLCO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cool Co's Interest Expense for the three months ended in Jun. 2024 was $-19.2 Mil. Its Operating Income for the three months ended in Jun. 2024 was $41.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $829.6 Mil.

Cool Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	41.361	/	-19.18
	=	2.16

The higher the ratio, the stronger the company's financial strength is.

Cool Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cool Co Ltd (NYSE:CLCO) » Definitions » Interest Expense

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.