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 3.2. 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 | 3.2x |
Cash | US$790.40m |
Equity | US$2.44b |
Total liabilities | US$2.85b |
Total assets | US$5.29b |
Recent financial health updates
Costamare (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 26Is Costamare (NYSE:CMRE) A Risky Investment?
Nov 17Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?
Aug 05We Think Costamare (NYSE:CMRE) Is Taking Some Risk With Its Debt
Mar 14Recent updates
What 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 17Costamare Q3 2022 Earnings Preview
Nov 01Costamare (NYSE:CMRE) Has Announced A Dividend Of $0.115
Oct 06Costamare declares $0.115 dividend
Oct 03With EPS Growth And More, Costamare (NYSE:CMRE) Makes An Interesting Case
Sep 19Why Costamare Inc. (NYSE:CMRE) Could Be Worth Watching
Sep 02Costamare: There Will Be Pain, But Much More Gain
Sep 01Returns At Costamare (NYSE:CMRE) Are On The Way Up
Aug 18Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?
Aug 05Costamare (NYSE:CMRE) Has Affirmed Its Dividend Of $0.115
Jul 18Costamare (NYSE:CMRE) Has Announced A Dividend Of US$0.12
Jul 04Costamare declares $0.115 dividend
Jul 01Costamare: Rare Gem In The Stagflation Storm
Jun 07With EPS Growth And More, Costamare (NYSE:CMRE) Is Interesting
May 10Costamare: Entering The Dry Bulk Shipping Industry Could Trigger Stock Price Appreciation
May 06Return Trends At Costamare (NYSE:CMRE) Aren't Appealing
Apr 05We Think Costamare (NYSE:CMRE) Is Taking Some Risk With Its Debt
Mar 14At US$13.59, Is It Time To Put Costamare Inc. (NYSE:CMRE) On Your Watch List?
Feb 25Costamare Continues To Benefit From Commodity Environment, Olympics Could Be A Catalyst
Feb 12Costamare's (NYSE:CMRE) Returns On Capital Not Reflecting Well On The Business
Dec 22These 4 Measures Indicate That Costamare (NYSE:CMRE) Is Using Debt Extensively
Nov 16Why Costamare Inc. (NYSE:CMRE) Could Be Worth Watching
Oct 11Financial Position Analysis
Short Term Liabilities: CMRE's short term assets ($1.1B) exceed its short term liabilities ($662.8M).
Long Term Liabilities: CMRE's short term assets ($1.1B) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: CMRE's net debt to equity ratio (63.8%) is considered high.
Reducing Debt: CMRE's debt to equity ratio has reduced from 96.4% to 96.2% over the past 5 years.
Debt Coverage: CMRE's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: CMRE's interest payments on its debt are well covered by EBIT (3.2x coverage).