Costamare Balance Sheet - Quarterly (NYSE:CMRE)

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$8.05 $0.24 (3.07%) CMRE stock closing price Jun 22, 2018 (Closing)

A thorough fundamental analysis involves using data from Costamare balance sheet, apart from other financial statements, to value the business. As in our Costamare stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Costamare had a long term debt of $608.45M at the end of 2018 Q1. To understand the debt servicing capacity of the company, one needs to look at Costamare operating cash flow and Costamare revenue also. Costamare debt to equity ratio is 0.83.

View and download Costamare quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash220.85M186.22M198.54M201.48M147.16M171.78M113.08M105.87M87.2M114.11M
Marketable Securities----------
Receivables6.45M8.68M11.23M10.56M6.78M7.3M10.28M11.89M7.54M11.02M
Inventory10.47M9.66M9.82M10.36M10.09M11.41M10.35M10.77M10.82M10.57M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets22.7M22.06M13.28M20.6M13.14M19.33M16.6M9.81M10.21M9.33M
Total Current Assets
260.49M226.63M232.89M243.01M177.19M209.82M150.32M138.35M115.77M145.05M
Property Plant & Equipment----------
Accumulated Depreciation----------
Net Property Plant & Equipment
1.98B2B2.03B2.07B2.04B2.07B2.14B2.2B2.22B2.25B
Investment & Advances173.65M166.25M166.28M162.97M161.29M153.88M149.56M129.24M124.23M117.93M
Other Non-Current Assets1.8M1.8M1.72M1.72M1.57M1.57M1.5M1.42M1.42M1.42M
Deferred Charges19.66M15.42M17.38M18.25M18.8M20.36M22.66M24.73M23.08M28.81M
Intangibles----------
Deposits & Other Assets81.65M85M89.56M93M95.48M99.6M108.07M93.25M94.91M97.71M
Total Assets
2.51B2.49B2.54B2.59B2.5B2.56B2.57B2.59B2.58B2.64B
Notes Payable----------
Accounts Payable7.71M6.51M4.78M4.86M4.75M4.03M4.38M5.51M5.18M4.41M
Current Portion Long-Term Debt148.43M206.31M167.87M180.96M188.99M198.27M181.35M188.11M183.8M185.25M
Current Portion Capital Leases33.21M32.87M32.53M32.35M29.34M29.05M28.77M14.79M14.54M14.53M
Accrued Expenses14.05M10.75M11.08M11.48M11.08M11.1M15.16M16.11M13.44M15.22M
Income Taxes Payable----------
Other Current Liabilities15.05M20.24M26.75M28.62M32.76M37.5M41.37M53.43M45.61M52.53M
Total Current Liabilities
218.46M276.7M243.02M258.28M266.94M279.98M271.05M277.96M262.58M271.96M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt608.45M644.66M718.37M754.48M798.39M856.33M924.09M1.08B1.09B1.14B
Non-Current Capital Leases330.92M339.33M347.68M356.23M323.76M331.19M338.56M210.31M214.1M219.09M
Other Long-Term Liabilities9.42M11.05M12.85M14.94M13.59M16.48M31.95M40.47M51.08M46.16M
Total Liabilities
1.17B1.27B1.32B1.38B1.4B1.48B1.57B1.61B1.61B1.68B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus1.29B1.18B1.17B1.16B1.06B1.06B982.39M966.65M965.24M963.9M
Retained Earnings46.8M43.72M57.02M48.74M40.12M31.41M55.43M61.98M52.11M44.24M
Treasury Stock----------
Other Liabilities5.63M-0.96M-5.93M-9.29M-10.4M-14.42M-30.05M-47.65M-49.77M-44.64M
Shareholders Equity1.35B1.22B1.22B1.2B1.09B1.07B1.01B980.98M967.59M963.51M
Total Liabilities & Shareholders Equity2.51B2.49B2.54B2.59B2.5B2.56B2.57B2.59B2.58B2.64B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Costamare stock price by looking at Costamare historical stock prices. One can compare PE with industry average by looking at the Costamare PE ratio chart. The common balance sheet items are:

  • Assets: An asset is a resource that a corporation like Costamare owns and has monetary significance. CMRE assets grew from $2.49B in 2017 Q4 to $2.51B in 2018 Q1. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Costamare's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for CMRE stock stand at $1.17B.

Costamare Balance Sheet - Key Ratios

Current ratio
1.19
Debt to equity ratio
0.83
Asset turnover ratio
0.15
Receivables turnover
45.73
Price to book ratio
0.72