Costamare Bulkers Holdings Limited (CMDB) Balance Sheet
CMDB balance sheet, 2025
December 31, 2025 · U.S. dollars$1.09B assets = $309.8M liabilities + $781.8M equity
Both columns are drawn to the same scale: what CMDB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CMDB financial health
Descriptive bands, not a rating. Fiscal 2025.
CMDB balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $871.8M2022 | $1.09B2025 | +7.8%/yr | |
| Total liabilities | $425.8M2022 | $309.8M2025 | −10.1%/yr | |
| Shareholders’ equity | $446.0M2022 | $781.8M2025 | +20.6%/yr | |
| Cash & short-term investments | $104.4M2022 | $248.8M2025 | +33.6%/yr | |
| Total debt | $385.6M2022 | $228.7M2025 | −16.0%/yr | |
| Net cash (debt) | −$281.2M2022 | $20.1M2025 | +$301.3M | |
| Working capital | $57.4M2022 | $200.2M2025 | +$142.8M | |
| Book value per share | $18.432022 | $32.312025 | +20.6%/yr | |
| Current ratio | 1.612022 | 2.382025 | +0.77 | |
| Debt / equity | 0.862022 | 0.292025 | −0.57 | |
| Shares outstanding | 24.2M2022 | 24.2M2025 | −0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CMDB assets
CMDB liabilities and equity
CMDB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CMDB balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $248.8M | $49.9M | $33.7M | $104.4M |
| Cash & equivalents | $248.8M | $49.9M | $33.7M | $104.4M |
| Receivables | $37.4M | $49.5M | $47.2M | $24.7M |
| Inventory | $16.7M | $44.5M | $47.6M | $10.0M |
| Other current assets | $42.0M | $96.2M | $123.9M | $12.4M |
| Total current assets | $344.9M | $240.0M | $252.4M | $151.5M |
| Property, plant & equipment (net) | $713.1M | $969.8M | $898.9M | $685.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $33.5M | $31.2M | $35.2M | $34.9M |
| Total assets | $1.09B | $1.24B | $1.19B | $871.8M |
| Liabilities | ||||
| Accounts payable | $30.6M | $41.5M | $35.2M | $4.0M |
| Short-term debt | $63.6M | $320.7M | $222.1M | $53.9M |
| Deferred revenue | $14.0M | $22.9M | $27.8M | $4.1M |
| Total current liabilities | $144.7M | $420.7M | $310.8M | $94.1M |
| Long-term debt | $140.6M | $305.7M | $285.3M | $331.7M |
| Lease obligations | $39.2M | $292.6M | $275.1M | $0 |
| Other long-term liabilities | $24.5M | $92.6M | $115.8M | $0 |
| Total liabilities | $309.8M | $819.0M | $711.8M | $425.8M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $2,349 | $250,000 | $250,000 | $142,000 |
| Retained earnings (deficit) | −$43.9M | −$98.1M | $194,000 | $147.9M |
| Accumulated other comprehensive income | — | — | $904,000 | $6.0M |
| Total shareholders' equity | $781.8M | $422.0M | $474.7M | $446.0M |
| Key figures | ||||
| Total debt | $228.7M | $713.8M | $621.5M | $385.6M |
| Net cash (debt) | $20.1M | −$664.0M | −$587.8M | −$281.2M |
| Working capital | $200.2M | −$180.6M | −$58.4M | $57.4M |
| Tangible book value | $781.8M | $422.0M | $474.7M | $446.0M |
| Book value per share | $32.31 | $17.41 | $19.58 | $18.43 |
| Shares outstanding | 24.2M | 24.2M | 24.2M | 24.2M |
| Current ratio | 2.38 | 0.57 | 0.81 | 1.61 |
| Quick ratio | 1.98 | 0.24 | 0.26 | 1.37 |
| Debt / equity | 0.29 | 1.69 | 1.31 | 0.86 |
| Equity / assets | 71.6% | 34.0% | 40.0% | 51.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $263.1M | $293.9M | $248.8M | $180.8M | $127.5M | $154.0M | $49.9M |
| Cash & equivalents | $263.1M | $293.9M | $248.8M | $180.8M | $127.5M | $127.5M | $49.9M |
| Short-term investments | — | — | — | — | — | $26.6M | — |
| Receivables | $25.1M | $25.9M | $37.4M | $42.3M | $44.4M | $35.4M | $49.5M |
| Inventory | $17.6M | $16.8M | $16.7M | $32.6M | $34.7M | $34.7M | $44.5M |
| Other current assets | $64.6M | $34.7M | $42.0M | $58.6M | $77.9M | $60.4M | $96.2M |
| Total current assets | $370.4M | $371.3M | $344.9M | $314.4M | $284.5M | $284.5M | $240.0M |
| Property, plant & equipment (net) | $645.2M | $632.1M | $713.1M | $725.7M | $816.8M | $816.8M | $969.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $37.2M | $37.0M | $33.5M | $26.5M | $26.6M | $26.6M | $31.2M |
| Total assets | $1.05B | $1.04B | $1.09B | $1.07B | $1.13B | $1.13B | $1.24B |
| Liabilities | |||||||
| Accounts payable | $26.8M | $30.3M | $30.6M | $25.0M | $29.0M | $29.0M | $41.5M |
| Short-term debt | $37.8M | $39.9M | $63.6M | $151.8M | $186.3M | $186.3M | $320.7M |
| Deferred revenue | $16.1M | $7.7M | $14.0M | $18.1M | $15.7M | — | $22.9M |
| Total current liabilities | $111.3M | $112.9M | $144.7M | $229.8M | $270.7M | $270.7M | $420.7M |
| Long-term debt | $121.5M | $127.4M | $140.6M | $144.3M | $147.4M | $0 | $305.7M |
| Lease obligations | $34.3M | $20.6M | $39.2M | $145.7M | $200.3M | — | $292.6M |
| Other long-term liabilities | $39.3M | $20.6M | $24.5M | $9.5M | $35.1M | $182.4M | $92.6M |
| Total liabilities | $272.2M | $260.9M | $309.8M | $383.7M | $453.1M | $453.1M | $819.0M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $2,286 | $2,304 | $2,349 | $2,000 | $2,000 | $2,000 | $250,000 |
| Retained earnings (deficit) | −$25.4M | −$31.6M | −$43.9M | −$19.2M | −$26.5M | −$26.5M | −$98.1M |
| Total shareholders' equity | $780.6M | $779.5M | $781.8M | $682.9M | $674.7M | $674.7M | $422.0M |
| Key figures | |||||||
| Total debt | $196.9M | $186.7M | $228.7M | $305.1M | $367.1M | $367.1M | $713.8M |
| Net cash (debt) | $66.2M | $107.3M | $20.1M | −$124.2M | −$239.6M | −$213.1M | −$664.0M |
| Working capital | $259.0M | $258.4M | $200.2M | $84.5M | $13.8M | $13.8M | −$180.6M |
| Tangible book value | $780.6M | $779.5M | $781.8M | $682.9M | $674.7M | $674.7M | $422.0M |
| Book value per share | $32.20 | $32.23 | $32.37 | $28.17 | $27.83 | $26.70 | $17.44 |
| Shares outstanding | 24.2M | 24.2M | 24.1M | 24.2M | 24.2M | 25.3M | 24.2M |
| Current ratio | 3.33 | 3.29 | 2.38 | 1.37 | 1.05 | 1.05 | 0.57 |
| Quick ratio | 2.59 | 2.83 | 1.98 | 0.97 | 0.63 | 0.70 | 0.24 |
| Debt / equity | 0.25 | 0.24 | 0.29 | 0.45 | 0.54 | 0.54 | 1.69 |
| Equity / assets | 74.1% | 74.9% | 71.6% | 64.0% | 59.8% | 59.8% | 34.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
CMDB financial position
At the end of fiscal 2025 (December 31, 2025), Costamare Bulkers had total assets of $1.1 billion (down 12.0% from a year earlier), total liabilities of $309.8 million and shareholders' equity of $781.8 million. It held $248.8 million in cash and short-term investments against $228.7 million of debt, a net cash position of $20.1 million. Its current ratio was 2.38. In the latest quarter (ended June 30, 2026) total assets were $1.1 billion and equity $780.6 million.
Related: CMDB income statement, CMDB cash flow statement, CMDB key metrics. See the CMDB stock overview for the latest quote and news.
CMDB balance sheet FAQ
What are Costamare Bulkers's total assets?
Costamare Bulkers reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does Costamare Bulkers have?
Costamare Bulkers had $228.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.29.
How much cash does Costamare Bulkers have?
Costamare Bulkers held $248.8 million in cash and short-term investments at the end of fiscal 2025; with $228.7 million of debt that is net cash of $20.1 million.
What is Costamare Bulkers's book value?
Costamare Bulkers's shareholders' equity (book value) was $781.8 million at the end of fiscal 2025, or $32.31 per share.
What is Costamare Bulkers's current ratio?
Costamare Bulkers had current assets of $344.9 million and current liabilities of $144.7 million, a current ratio of 2.38 (it can cover its short-term obligations).