CMREPE.PFD (Costamare) Interest Expense : $-146.16 Mil (TTM As of Sep. 2024)

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What is Costamare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Costamare's interest expense for the three months ended in Sep. 2024 was $ -35.45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-146.16 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Costamare's Operating Income for the three months ended in Sep. 2024 was $ 98.14 Mil. Costamare's Interest Expense for the three months ended in Sep. 2024 was $ -35.45 Mil. Costamare's Interest Coverage for the quarter that ended in Sep. 2024 was 2.77. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Costamare Interest Expense Historical Data

The historical data trend for Costamare's Interest Expense 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.

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Costamare Interest Expense Chart

Costamare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-85.83

-63.25

-71.80

-107.21

-152.12

Costamare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-36.69	-38.01	-36.17	-36.53	-35.45

Costamare Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-146.16 Mil.

Costamare (NYSE:CMREpE.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Costamare's Interest Expense for the three months ended in Sep. 2024 was $-35.45 Mil. Its Operating Income for the three months ended in Sep. 2024 was $98.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,956.19 Mil.

Costamare's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	98.139	/	-35.446
	=	2.77

The higher the ratio, the stronger the company's financial strength is.

Costamare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (NYSE:CMREpE.PFD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CMREpD.PFD:USA CMREpC.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.