Costamare Inc.

Costamare Inc.verified

CMRE

Price:

$13.86

Market Cap:

$1.66B

Costamare Inc. owns and charters containerships to liner companies worldwide. As of March 18, 2022, it had a fleet of 76 containerships with a total capacity of approximately 557,400 twenty-foot equivalent units and 45 dry bulk vessels with a total capacity of approximately 2,435,500 DWT. The company was founded in 1974 and is based in Monaco.[Read more]

Industry

Marine Shipping

IPO Date

2010-11-04

Stock Exchange

NYSE

Ticker

CMRE

The Current Ratio as of November 2024 (TTM) for Costamare Inc. (CMRE) is 1.65

According to Costamare Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.65. This represents a change of -3.88% compared to the average of 1.71 of the last 4 quarters.

Costamare Inc. (CMRE) Historical Current Ratio (quarterly & annually)

How has CMRE Current Ratio performed in the past?

The mean historical Current Ratio of Costamare Inc. over the last ten years is 1.03. The current 1.65 Current Ratio has changed 15.88% with respect to the historical average. Over the past ten years (40 quarters), CMRE's Current Ratio was at its highest in in the December 2022 quarter at 2.40. The Current Ratio was at its lowest in in the March 2015 quarter at 0.44.

Quarterly (TTM)
Annual

Average

1.03

Median

0.79

Minimum

0.53

Maximum

2.40

Costamare Inc. (CMRE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Costamare Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 108.24%

Maximum Annual Current Ratio = 2.40

Minimum Annual Increase = -29.68%

Minimum Annual Current Ratio = 0.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.69-29.68%
20222.40108.24%
20211.1524.11%
20200.9325.39%
20190.74-2.64%
20180.76-7.20%
20170.829.29%
20160.7540.51%
20150.53-1.96%
20140.5417.51%

Costamare Inc. (CMRE) Average Current Ratio

How has CMRE Current Ratio performed in the past?

The current Current Ratio of Costamare Inc. (CMRE) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.75

5-year avg

1.38

10-year avg

1.03

Costamare Inc. (CMRE) Current Ratio vs. Peers

How is CMRE’s Current Ratio compared to its peers?

Costamare Inc.’s Current Ratio is greater than Global Ship Lease, Inc. (1.42), less than Navios Maritime Partners L.P. (3.72), less than Genco Shipping & Trading Limited (3.59), greater than Eagle Bulk Shipping Inc. (0.89), less than Danaos Corporation (4.18), less than Ardmore Shipping Corporation (3.50), greater than Euroseas Ltd. (1.46), greater than Himalaya Shipping Ltd. (0.78), less than Kirby Corporation (1.70), greater than EuroDry Ltd. (0.98), greater than Capital Product Partners L.P. (0.53), greater than Navios Maritime Holdings Inc. (1.20),

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