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Costamare Debt-to-EBITDA

: 4.13 (As of Jun. 2021)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Costamare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $227.2 Mil. Costamare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $2,076.5 Mil. Costamare's annualized EBITDA for the quarter that ended in Jun. 2021 was $557.2 Mil. Costamare's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2021 was 4.13.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Costamare's Debt-to-EBITDA or its related term are showing as below:

NYSE:CMRE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.21   Med: 7.01   Max: 8.76
Current: 6

5.21
8.76

During the past 13 years, the highest Debt-to-EBITDA Ratio of Costamare was 8.76. The lowest was 5.21. And the median was 7.01.

NYSE:CMRE's Debt-to-EBITDA is ranked lower than
99.99% of the 1 Companies
in the Transportation industry.

( Industry Median: 1.16 vs. NYSE:CMRE: 6.00 )

Costamare Debt-to-EBITDA Historical Data

The historical data trend for Costamare's Debt-to-EBITDA 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
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.09 5.43 7.35 5.21 8.76

Costamare Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Debt-to-EBITDA 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 -6.20 6.15 5.69 4.63 4.13

Competitive Comparison

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

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

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



Costamare Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Costamare's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(163.632 + 1421.442) / 181.021
=8.76

Costamare's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(227.194 + 2076.464) / 557.18
=4.13

* 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 Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2021) EBITDA data.


Costamare  (NYSE:CMRE) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Costamare Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Costamare's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


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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