Costamare Balance Sheet Health
Financial Health criteria checks 4/6
Costamare has a total shareholder equity of $2.5B and total debt of $2.2B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are $5.2B and $2.7B respectively. Costamare's EBIT is $436.7M making its interest coverage ratio 3.7. It has cash and short-term investments of $845.1M.
Key information
85.4%
Debt to equity ratio
US$2.17b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$845.10m |
| Equity | US$2.55b |
| Total liabilities | US$2.70b |
| Total assets | US$5.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LCM's short term assets ($1.2B) exceed its short term liabilities ($704.6M).
Long Term Liabilities: LCM's short term assets ($1.2B) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: LCM's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: LCM's debt to equity ratio has reduced from 104.3% to 85.4% over the past 5 years.
Debt Coverage: LCM's debt is well covered by operating cash flow (25.8%).
Interest Coverage: LCM's interest payments on its debt are well covered by EBIT (3.7x coverage).