CMREPC.PFD (Costamare) Debt-to-Asset : 0.47 (As of Sep. 2024)

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What is Costamare Debt-to-Asset?

Costamare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $522.25 Mil. Costamare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,956.19 Mil. Costamare's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $5,244.38 Mil. Costamare's debt to asset for the quarter that ended in Sep. 2024 was 0.47.

Costamare Debt-to-Asset Historical Data

The historical data trend for Costamare's Debt-to-Asset 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 Debt-to-Asset Chart

Costamare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.52

0.53

0.58

0.53

0.50

Costamare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.52	0.50	0.49	0.47	0.47

Competitive Comparison of Costamare's Debt-to-Asset

For the Marine Shipping subindustry, Costamare's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Costamare's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Costamare's Debt-to-Asset falls into.

Costamare Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Costamare's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(510.704	+	2137.133)	/	5287.022
	=	0.50

Costamare's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(522.249	+	1956.19)	/	5244.376
	=	0.47

Costamare (NYSE:CMREpC.PFD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Costamare Debt-to-Asset Related Terms

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Costamare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (NYSE:CMREpC.PFD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CMREpD.PFD:USA CMREpB.PFD:USA CMRE:USA LCM:Germany

Address

7 Rue du Gabian, Monaco, MCO, MC 98000

Website

https://www.costamare.com

Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.