Costamare (FRA:LCM) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is Costamare LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Costamare's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

Costamare's long-term debt to total assets ratio declined from Dec. 2022 (0.46) to Dec. 2023 (0.40). It may suggest that Costamare is progressively becoming less dependent on debt to grow their business.

Costamare LT-Debt-to-Total-Asset Historical Data

The historical data trend for Costamare's LT-Debt-to-Total-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.

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Costamare LT-Debt-to-Total-Asset Chart

Costamare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.47

0.52

0.46

0.40

Costamare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	0.43	0.43	0.42	0.40

Costamare LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1959.751	/	4848.199
	=	0.40

Costamare's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1959.751	/	4848.199
	=	0.40

Costamare (FRA:LCM) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Costamare LT-Debt-to-Total-Asset Related Terms

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Costamare (FRA:LCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (FRA:LCM) » Definitions » LT-Debt-to-Total-Asset

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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.

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