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 ratio3.2x
CashUS$790.40m
EquityUS$2.44b
Total liabilitiesUS$2.85b
Total assetsUS$5.29b

Recent financial health updates

Recent updates

What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?

Mar 20
What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?

Costamare: The Dry Bulk Sector, FCF Growth Make It Cheap

Mar 07

Costamare (NYSE:CMRE) Seems To Be Using A Lot Of Debt

Feb 03
Costamare (NYSE:CMRE) Seems To Be Using A Lot Of Debt

The Market Doesn't Like What It Sees From Costamare Inc.'s (NYSE:CMRE) Earnings Yet

Jan 04
The Market Doesn't Like What It Sees From Costamare Inc.'s (NYSE:CMRE) Earnings Yet

Costamare (NYSE:CMRE) Shareholders Will Want The ROCE Trajectory To Continue

Dec 08
Costamare (NYSE:CMRE) Shareholders Will Want The ROCE Trajectory To Continue

Is It Time To Consider Buying Costamare Inc. (NYSE:CMRE)?

Nov 10
Is It Time To Consider Buying Costamare Inc. (NYSE:CMRE)?

Costamare: A Complex Yet Promising Long-Term Hold

Oct 18

Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115

Oct 05
Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115

Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?

Sep 12
Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?

Is Costamare A Buy Or A Sell After Its 22% Post-Earnings Rally?

Jul 31

Costamare (NYSE:CMRE) Is Doing The Right Things To Multiply Its Share Price

Jul 31
Costamare (NYSE:CMRE) Is Doing The Right Things To Multiply Its Share Price

Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115

Jul 13
Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115

Costamare: Sell The Preferreds, Buy The Common At 3.2X EPS

Jul 03

Costamare: Buying A Dollar For 50 Cents

Jun 23

Here's Why We Think Costamare (NYSE:CMRE) Might Deserve Your Attention Today

Jun 08
Here's Why We Think Costamare (NYSE:CMRE) Might Deserve Your Attention Today

Costamare (NYSE:CMRE) Use Of Debt Could Be Considered Risky

May 26
Costamare (NYSE:CMRE) Use Of Debt Could Be Considered Risky

Costamare (NYSE:CMRE) Might Have The Makings Of A Multi-Bagger

Apr 13
Costamare (NYSE:CMRE) Might Have The Makings Of A Multi-Bagger

What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?

Feb 28
What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?

Costamare: Diversified And Hinting Towards Strong Growth

Feb 20

Costamare Q4 2022 Earnings Preview

Feb 07

Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115

Jan 06
Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115

Is Costamare (NYSE:CMRE) A Risky Investment?

Nov 17
Is Costamare (NYSE:CMRE) A Risky Investment?

Costamare Q3 2022 Earnings Preview

Nov 01

Costamare (NYSE:CMRE) Has Announced A Dividend Of $0.115

Oct 06
Costamare (NYSE:CMRE) Has Announced A Dividend Of $0.115

Costamare declares $0.115 dividend

Oct 03

With EPS Growth And More, Costamare (NYSE:CMRE) Makes An Interesting Case

Sep 19
With EPS Growth And More, Costamare (NYSE:CMRE) Makes An Interesting Case

Why Costamare Inc. (NYSE:CMRE) Could Be Worth Watching

Sep 02
Why Costamare Inc. (NYSE:CMRE) Could Be Worth Watching

Costamare: There Will Be Pain, But Much More Gain

Sep 01

Returns At Costamare (NYSE:CMRE) Are On The Way Up

Aug 18
Returns At Costamare (NYSE:CMRE) Are On The Way Up

Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?

Aug 05
Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?

Costamare (NYSE:CMRE) Has Affirmed Its Dividend Of $0.115

Jul 18
Costamare (NYSE:CMRE) Has Affirmed Its Dividend Of $0.115

Costamare (NYSE:CMRE) Has Announced A Dividend Of US$0.12

Jul 04
Costamare (NYSE:CMRE) Has Announced A Dividend Of US$0.12

Costamare declares $0.115 dividend

Jul 01

Costamare: Rare Gem In The Stagflation Storm

Jun 07

With EPS Growth And More, Costamare (NYSE:CMRE) Is Interesting

May 10
With EPS Growth And More, Costamare (NYSE:CMRE) Is Interesting

Costamare: Entering The Dry Bulk Shipping Industry Could Trigger Stock Price Appreciation

May 06

Return Trends At Costamare (NYSE:CMRE) Aren't Appealing

Apr 05
Return Trends At Costamare (NYSE:CMRE) Aren't Appealing

We Think Costamare (NYSE:CMRE) Is Taking Some Risk With Its Debt

Mar 14
We Think Costamare (NYSE:CMRE) Is Taking Some Risk With Its Debt

At US$13.59, Is It Time To Put Costamare Inc. (NYSE:CMRE) On Your Watch List?

Feb 25
At US$13.59, Is It Time To Put Costamare Inc. (NYSE:CMRE) On Your Watch List?

Costamare Continues To Benefit From Commodity Environment, Olympics Could Be A Catalyst

Feb 12

Costamare's (NYSE:CMRE) Returns On Capital Not Reflecting Well On The Business

Dec 22
Costamare's (NYSE:CMRE) Returns On Capital Not Reflecting Well On The Business

These 4 Measures Indicate That Costamare (NYSE:CMRE) Is Using Debt Extensively

Nov 16
These 4 Measures Indicate That Costamare (NYSE:CMRE) Is Using Debt Extensively

Why Costamare Inc. (NYSE:CMRE) Could Be Worth Watching

Oct 11
Why Costamare Inc. (NYSE:CMRE) Could Be Worth Watching

Financial 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).


Balance Sheet


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