I lifted this from Wickipedia:-

Coefficients help compare hull forms:-

1) Block Coefficient (Cb) is the volume (V) divided by the LWL x BWL x T. If you draw a box around the submerged part of the ship, it is the ratio of the box volume occupied by the ship. It gives a sense of how much of the block defined by the Lwl, Bwl & draft (T) is filled by the hull. Full forms such as oil tankers will have a high Cb where fine shapes such as sailboats will have a low Cb.

2) Midship Coefficient (Cm or Cx) is the Bwl x draft divided by the cross-sectional area (Ax) of the slice at Midships (or at the largest section for Cx). It displays the ratio of the largest underwater section of the hull to a rectangle of the same overall width and depth as the underwater section of the hull. This defines the fullness of the underbody. A low Cm indicates a cut-away mid-section and a high Cm indicates a boxy section shape. Sailboats have a cut-away mid-section with low Cx whereas cargo vessels have a boxy section with high Cx to help increase the Cb.

3) Prismatic Coefficient (Cp) is the volume (V) divided by Lwl x Ax. It displays the ratio of the underwater volume of the hull to a rectangular block of the same overall length as the underbody and with cross-sectional area equal to the largest underwater section of the hull. This is used to evaluate the distribution of the volume of the underbody. A low Cp indicates a full mid-section and fine ends, a high Cp indicates a boat with fuller ends. Planing hulls and other highspeed hulls tend towards a higher Cp. Efficient displacement hulls travelling at a low Froude number will tend to have a low Cp.

4) Waterplane Coefficient (Cw) is the waterplane area divided by Lwl x Bwl. The waterplane coefficient expresses the fullness of the waterplane, or the ratio of the waterplane area to a rectangle of the same length and width. A low Cw figure indicates fine ends and a high Cw figure indicates fuller ends. High Cw improves stability as well as handling behavior in rough conditions.