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Costamare Effective Interest Rate on Debt %

: 3.22% (As of Jun. 2021)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Costamare's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $69.6 Mil. Costamare's average total debt for the quarter that ended in Jun. 2021 was $2,163.9 Mil. Therefore, Costamare's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 3.22%.


Costamare Effective Interest Rate on Debt % Historical Data

The historical data trend for Costamare's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Costamare Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.36 4.24 4.22 5.36 4.03

Costamare Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.49 3.78 3.87 3.11 3.22

Competitive Comparison

For the Marine Shipping subindustry, Costamare's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Costamare Effective Interest Rate on Debt % Distribution

For the Transportation industry and Industrials sector, Costamare's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Costamare's Effective Interest Rate on Debt % falls into.



Costamare Effective Interest Rate on Debt % Calculation

Costamare's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -63.252/( (1553.885+1585.074)/ 2 )
=-1  *  -63.252/1569.4795
=4.03 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1326.33 + 227.555
=1553.885

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1421.442 + 163.632
=1585.074

Costamare's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2021 )+Total Debt  (Q: Jun. 2021 ))/ count )
=-1  *  -69.576/( (2024.193+2303.658)/ 2 )
=-1  *  -69.576/2163.9255
=3.22 %

where

Total Debt  (Q: Mar. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1833.403 + 190.79
=2024.193

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2076.464 + 227.194
=2303.658

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Costamare  (NYSE:CMRE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Costamare Effective Interest Rate on Debt % Related Terms

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Costamare Business Description

Costamare logo
Industry
Industrials » Transportation NAICS : 488320 SIC : 4789
Address
7 Rue du Gabian, Monaco, MCO, MC 98000
Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant and Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.

Costamare Headlines

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