Costamare Net Income From Continuing Ops vs Income Tax Expense Analysis

CMRE Stock  USD 13.19  0.01  0.08%   
Costamare financial indicator trend analysis is way more than just evaluating Costamare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Costamare is a good investment. Please check the relationship between Costamare Net Income From Continuing Ops and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costamare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Costamare Stock refer to our How to Trade Costamare Stock guide.

Net Income From Continuing Ops vs Income Tax Expense

Net Income From Continuing Ops vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Costamare Net Income From Continuing Ops account and Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Costamare's Net Income From Continuing Ops and Income Tax Expense is -0.6. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Costamare, assuming nothing else is changed. The correlation between historical values of Costamare's Net Income From Continuing Ops and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Costamare are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income From Continuing Ops i.e., Costamare's Net Income From Continuing Ops and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.6
Relationship DirectionNegative 
Relationship StrengthWeak

Net Income From Continuing Ops

Income Tax Expense

Most indicators from Costamare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Costamare current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costamare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Costamare Stock refer to our How to Trade Costamare Stock guide.At present, Costamare's Issuance Of Capital Stock is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.06, whereas Enterprise Value Multiple is forecasted to decline to 4.10.
 2021 2022 2023 2024 (projected)
Interest Expense86.0M122.2M163.0M90.7M
Depreciation And Amortization147.4M179.5M186.1M120.3M

Costamare fundamental ratios Correlations

0.92-0.320.630.83-0.350.970.660.750.780.670.740.980.550.670.740.740.670.790.680.810.630.780.720.860.99
0.92-0.040.650.66-0.060.920.60.910.730.650.70.90.540.640.930.710.660.560.680.970.620.780.440.990.93
-0.32-0.040.01-0.540.66-0.39-0.2-0.01-0.21-0.12-0.08-0.410.14-0.10.19-0.07-0.06-0.70.060.11-0.03-0.12-0.80.1-0.25
0.630.650.010.76-0.10.560.960.50.950.970.910.580.610.840.520.890.980.320.730.580.990.940.250.650.64
0.830.66-0.540.76-0.560.810.850.50.90.820.830.840.440.770.430.820.80.820.680.520.780.860.80.570.8
-0.35-0.060.66-0.1-0.56-0.39-0.3-0.07-0.21-0.14-0.06-0.440.0-0.140.21-0.06-0.12-0.660.00.11-0.1-0.13-0.790.07-0.28
0.970.92-0.390.560.81-0.390.590.830.710.610.640.990.390.590.760.640.60.830.570.830.550.730.750.850.96
0.660.6-0.20.960.85-0.30.590.450.950.960.870.630.580.810.40.850.950.430.670.490.970.920.410.580.65
0.750.91-0.010.50.5-0.070.830.450.540.510.450.790.280.470.910.460.520.450.420.930.470.620.340.90.74
0.780.73-0.210.950.9-0.210.710.950.540.950.960.730.620.870.570.960.960.540.830.640.950.970.470.70.78
0.670.65-0.120.970.82-0.140.610.960.510.950.90.630.480.850.510.870.990.440.670.570.990.960.350.640.66
0.740.7-0.080.910.83-0.060.640.870.450.960.90.650.670.870.591.00.910.470.90.640.910.940.380.70.76
0.980.9-0.410.580.84-0.440.990.630.790.730.630.650.440.610.710.660.620.840.580.790.580.740.780.830.96
0.550.540.140.610.440.00.390.580.280.620.480.670.440.560.420.690.530.090.770.470.540.540.10.560.59
0.670.64-0.10.840.77-0.140.590.810.470.870.850.870.610.560.520.860.840.450.790.570.850.860.370.630.68
0.740.930.190.520.430.210.760.40.910.570.510.590.710.420.520.60.540.350.620.980.490.660.190.960.77
0.740.71-0.070.890.82-0.060.640.850.460.960.871.00.660.690.860.60.90.470.920.650.880.930.380.710.77
0.670.66-0.060.980.8-0.120.60.950.520.960.990.910.620.530.840.540.90.410.740.590.990.950.320.660.68
0.790.56-0.70.320.82-0.660.830.430.450.540.440.470.840.090.450.350.470.410.370.430.360.530.960.440.75
0.680.680.060.730.680.00.570.670.420.830.670.90.580.770.790.620.920.740.370.640.720.790.280.680.73
0.810.970.110.580.520.110.830.490.930.640.570.640.790.470.570.980.650.590.430.640.550.720.280.990.84
0.630.62-0.030.990.78-0.10.550.970.470.950.990.910.580.540.850.490.880.990.360.720.550.950.280.630.64
0.780.78-0.120.940.86-0.130.730.920.620.970.960.940.740.540.860.660.930.950.530.790.720.950.420.770.79
0.720.44-0.80.250.8-0.790.750.410.340.470.350.380.780.10.370.190.380.320.960.280.280.280.420.310.66
0.860.990.10.650.570.070.850.580.90.70.640.70.830.560.630.960.710.660.440.680.990.630.770.310.88
0.990.93-0.250.640.8-0.280.960.650.740.780.660.760.960.590.680.770.770.680.750.730.840.640.790.660.88
Click cells to compare fundamentals

Costamare Account Relationship Matchups

Costamare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0B3.0B4.4B4.9B5.3B3.2B
Short Long Term Debt Total1.6B1.6B2.6B2.6B2.6B1.9B
Other Current Liab22.4M7.4M21.6M58.6M53.1M43.9M
Total Current Liabilities266.5M207.0M370.0M423.1M662.8M695.9M
Total Stockholder Equity1.4B1.3B1.7B2.2B2.4B2.5B
Other Liab7.9M29.6M33.9M51.7M46.5M41.7M
Property Plant And Equipment Net2.6B2.6B3.8B3.7B3.8B2.6B
Current Deferred Revenue10.4M11.9M23.8M25.2M52.2M54.8M
Net Debt1.4B1.4B2.3B1.9B1.9B1.7B
Retained Earnings60.6M(9.7M)341.5M746.7M1.0B1.1B
Accounts Payable6.2M7.6M18.9M18.2M46.8M49.1M
Cash148.9M143.9M276.0M718.0M745.5M782.8M
Non Current Assets Total2.8B2.8B4.0B3.9B4.2B2.9B
Non Currrent Assets Other50.6M51.4M70.3M193.3M187.0M118.4M
Other Assets71.2M79.2M118.9M193.3M222.3M233.4M
Long Term Debt1.2B1.3B2.2B2.3B2.0B1.6B
Cash And Short Term Investments148.9M143.9M276.0M838.1M790.4M829.9M
Net Receivables16.6M8.2M27.9M41.0M83.0M87.2M
Common Stock Shares Outstanding115.7M120.7M123.1M123.0M120.3M95.3M
Short Term Investments112K3.5M0.0120.0M67.5M70.8M
Liabilities And Stockholders Equity3.0B3.0B4.4B4.9B5.3B3.2B
Non Current Liabilities Total1.3B1.5B2.3B2.3B2.2B1.7B
Inventory10.5M10.5M21.4M28.0M61.3M64.3M
Other Current Assets8.6M29.5M100.9M126.9M181.3M190.3M
Other Stockholder Equity1.4B1.4B1.4B1.4B1.3B1.1B
Total Liab1.6B1.7B2.7B2.7B2.8B2.1B
Property Plant And Equipment Gross2.6B2.6B3.8B4.8B5.0B2.8B
Total Current Assets197.2M192.1M426.1M1.0B1.1B1.2B
Accumulated Other Comprehensive Income(1.2M)(8.0M)(2.2M)46.4M21.4M22.5M
Short Term Debt227.6M180.1M305.7M321.1M510.7M536.2M
Property Plant Equipment2.6B2.6B3.8B3.7B4.2B2.6B
Deferred Long Term Liab22.0M27.7M31.9M55.0M63.3M66.5M
Long Term Investments111.7M78.2M19.9M21.0M211.7M112.8M
Short Long Term Debt210.7M147.1M272.4M320.1M347.0M307.7M
Net Tangible Assets1.4B1.3B1.7B2.2B2.5B1.5B
Capital Lease Obligations136.7M132.9M116.4M0.0301.6M175.9M

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When determining whether Costamare is a strong investment it is important to analyze Costamare's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Costamare's future performance. For an informed investment choice regarding Costamare Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costamare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Costamare Stock refer to our How to Trade Costamare Stock guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Costamare. If investors know Costamare will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Costamare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.399
Dividend Share
0.46
Earnings Share
3.01
Revenue Per Share
17.083
Quarterly Revenue Growth
0.36
The market value of Costamare is measured differently than its book value, which is the value of Costamare that is recorded on the company's balance sheet. Investors also form their own opinion of Costamare's value that differs from its market value or its book value, called intrinsic value, which is Costamare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Costamare's market value can be influenced by many factors that don't directly affect Costamare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Costamare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costamare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costamare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.