Investor Presentaiton
Conservative Capital Structure
We maintain low leverage and ample liquidity of $854 million (1) for future growth.
LIQUIDITY (1) AND LEVERAGE RATIO (2)
(in USD millions)
900
53.8%
800
51.0%
45.3%
700
600
500
400
300
200
100
39.0%
Cash, equivalents & st investments
Credit lines
-Leverage
46.0%
41.0%
39.0%
43.0%
37.0%
31.0%
60.0%
50.0%
40.0%
30.0%
25.5%
23.8%
20.0%
10.0%
0
0.0%
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
Jun-21
Dec-21
Jun-22
Notes
1.
2.
Liquidity as of June 30, 2022 includes $688.0 million of cash and cash equivalents (incl. restricted cash), our share of cash held in companies co-owned with York Capital ($3.6 million), short term investments in U.S. Treasury Bills amounting to $10.0 million, and
$152.5 million in available undrawn funds from two hunting license facilities as of June 30, 2022.
(Total Liabilities minus Cash and Cash Equivalents) / (Total Market Value Adjusted Assets minus Cash and Cash Equivalents). Calculated in accordance with the relevant provisions of our bank financing agreements as of June 30, 2022.
COSTAMARE INC.
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