Costamare Balance Sheet Health
Financial Health criteria checks 3/6
Costamare has a total shareholder equity of $2.4B and total debt of $2.3B, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are $5.3B and $2.8B respectively. Costamare's EBIT is $356.0M making its interest coverage ratio 3.1. It has cash and short-term investments of $790.4M.
Key information
96.2%
Debt to equity ratio
US$2.35b
Debt
Interest coverage ratio | 3.1x |
Cash | US$790.40m |
Equity | US$2.44b |
Total liabilities | US$2.85b |
Total assets | US$5.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMRE.PRC's short term assets ($1.1B) exceed its short term liabilities ($662.8M).
Long Term Liabilities: CMRE.PRC's short term assets ($1.1B) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: CMRE.PRC's net debt to equity ratio (63.8%) is considered high.
Reducing Debt: CMRE.PRC's debt to equity ratio has reduced from 96.4% to 96.2% over the past 5 years.
Debt Coverage: CMRE.PRC's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: CMRE.PRC's interest payments on its debt are well covered by EBIT (3.1x coverage).