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
These 4 Measures Indicate That Costamare (NYSE:CMRE) Is Using Debt Extensively
Jan 25
Costamare (NYSE:CMRE) Takes On Some Risk With Its Use Of Debt
Oct 24Is Costamare (NYSE:CMRE) A Risky Investment?
Jun 16Costamare (NYSE:CMRE) Seems To Be Using A Lot Of Debt
Feb 03Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?
Sep 12Costamare (NYSE:CMRE) Use Of Debt Could Be Considered Risky
May 26Recent updates
These 4 Measures Indicate That Costamare (NYSE:CMRE) Is Using Debt Extensively
Jan 25Should You Think About Buying Costamare Inc. (NYSE:CMRE) Now?
Jan 03Costamare: Attractive Valuations And A 3.5% Dividend Yield
Dec 10We Like These Underlying Return On Capital Trends At Costamare (NYSE:CMRE)
Nov 19Costamare (NYSE:CMRE) Takes On Some Risk With Its Use Of Debt
Oct 24Costamare Inc.'s (NYSE:CMRE) Low P/E No Reason For Excitement
Oct 05Is There Now An Opportunity In Costamare Inc. (NYSE:CMRE)?
Sep 14An Intrinsic Calculation For Costamare Inc. (NYSE:CMRE) Suggests It's 43% Undervalued
Aug 23Costamare: Potential Bagger, But I Haven't Bought Shares Yet
Aug 04Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Jul 18Costamare (NYSE:CMRE) Is Paying Out A Dividend Of $0.115
Jul 04Is Costamare (NYSE:CMRE) A Risky Investment?
Jun 16Costamare Inc. (NYSE:CMRE) Stock Catapults 28% Though Its Price And Business Still Lag The Market
May 29We Like These Underlying Return On Capital Trends At Costamare (NYSE:CMRE)
Apr 24Earnings Troubles May Signal Larger Issues for Costamare (NYSE:CMRE) Shareholders
Apr 05What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?
Mar 20Costamare: The Dry Bulk Sector, FCF Growth Make It Cheap
Mar 07Costamare (NYSE:CMRE) Seems To Be Using A Lot Of Debt
Feb 03The Market Doesn't Like What It Sees From Costamare Inc.'s (NYSE:CMRE) Earnings Yet
Jan 04Costamare (NYSE:CMRE) Shareholders Will Want The ROCE Trajectory To Continue
Dec 08Is It Time To Consider Buying Costamare Inc. (NYSE:CMRE)?
Nov 10Costamare: A Complex Yet Promising Long-Term Hold
Oct 18Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Oct 05Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?
Sep 12Is Costamare A Buy Or A Sell After Its 22% Post-Earnings Rally?
Jul 31Costamare (NYSE:CMRE) Is Doing The Right Things To Multiply Its Share Price
Jul 31Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Jul 13Costamare: Sell The Preferreds, Buy The Common At 3.2X EPS
Jul 03Costamare: Buying A Dollar For 50 Cents
Jun 23Here's Why We Think Costamare (NYSE:CMRE) Might Deserve Your Attention Today
Jun 08Costamare (NYSE:CMRE) Use Of Debt Could Be Considered Risky
May 26Costamare (NYSE:CMRE) Might Have The Makings Of A Multi-Bagger
Apr 13What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?
Feb 28Costamare: Diversified And Hinting Towards Strong Growth
Feb 20Costamare Q4 2022 Earnings Preview
Feb 07Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Jan 06Is Costamare (NYSE:CMRE) A Risky Investment?
Nov 17Financial Position Analysis
Short Term Liabilities: CMRE's short term assets ($1.2B) exceed its short term liabilities ($704.6M).
Long Term Liabilities: CMRE's short term assets ($1.2B) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: CMRE's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: CMRE's debt to equity ratio has reduced from 104.3% to 85.4% over the past 5 years.
Debt Coverage: CMRE's debt is well covered by operating cash flow (25.8%).
Interest Coverage: CMRE's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 23:37 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Costamare Inc. is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Garrett Chase | Barclays |
| Donald McLee | Berenberg |
| Kenneth Hoexter | BofA Global Research |