CMDBCostamare Bulkers Holdings Limited
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -36% · now 13% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CMDB take a bad year?
Costamare Bulkers Holdings Limited holds $56M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 48%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $156M
- Cash and short-term investments
- $212M
- Net cash
- $56M
- EBITDA, trailing twelve months
- −$2.2M
- Operating profit, trailing twelve months
- −$31M
- Debt / equity
- 0.23×
- Annualised volatilitytwo years of daily moves
- 48%
- Worst drawdown on file
- −36%
- Below its 52-week high
- 13%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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