Costamare (Costamare) Long-Term Capital Lease Obligation : $137.94 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Costamare Long-Term Capital Lease Obligation?

Costamare's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $137.94 Mil.

Costamare's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($161.09 Mil) to Sep. 2023 ($155.93 Mil) and declined from Sep. 2023 ($155.93 Mil) to Dec. 2023 ($137.94 Mil).

Costamare's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($99.69 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($137.94 Mil).

Costamare Long-Term Capital Lease Obligation Historical Data

The historical data trend for Costamare's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Costamare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

119.93

116.37

99.69

137.94

Costamare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	24.84	161.09	155.93	137.94

Costamare (NYSE:CMREpE.PFD) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Costamare Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Costamare's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Costamare (Costamare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (NYSE:CMREpE.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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