F
Costamare Bulkers Holdings Limi — Earnings Quality Grade F
CMDB · Industrials
Major red flags
Revenue
$597M
2025
Net Income
-$37M
2025
Gross Margin
12.4%
Free Cash Flow
$44M
01
Screening Summary
7
Passed
3
Watch
1
Failed
—
M-Score
管理层信号
最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02
Financial Trends
Revenue & Net Income ($B)
Margins (%)
03
18-Point Screening
01
Revenue Quality
—
A1DSO Change
Insufficient data
✓
A2AR vs Revenue Growth
AR growth -100.0% vs revenue growth -100.0%
—
A3Revenue vs CFFO
Insufficient data
02
Expense Quality
—
B1Inventory vs COGS
Insufficient data
—
B2CapEx vs Revenue
Insufficient data
✓
B3SG&A Ratio
SG&A/Gross Profit = 14.3%, excellent (<30%)
!
B4Gross Margin
Gross margin swung +10.3pp (2.2% → 12.4%)
03
Cash Flow Quality
!
C1CFFO vs Net Income
CFFO/NI = -2.02. Below 1.0
✓
C2Free Cash Flow
FCF $0.0B, FCF/NI = -1.18
✓
C3Accruals Ratio
Accruals ratio = -12.2%. Low accruals
✓
C4Cash vs Debt
Cash $0.2B covers debt $0.2B
04
Balance Sheet Health
✓
D1Goodwill + Intangibles
No goodwill. Clean balance sheet
✗
D2Leverage
Debt/EBITDA = 2346.4x (>4x). Interest coverage = -2.1x (<2x). Financial stress
—
D3Soft Asset Growth
Insufficient data
—
D4Asset Impairment
No write-off data
05
Acquisition Risk
!
E1Serial Acquirer FCF
FCF after acquisitions negative for 2/3 years
✓
E2Goodwill Surge
No goodwill
06
Manipulation Score
—
F1Beneish M-Score
Calculation error: float division by zero
05
Altman Z-Score
3.52
Safe Zone0 Distress1.102.605.0+ Safe
0.1834
Liquidity
-0.0402
Cumulative profit
-0.0305
Operating efficiency
2.5235
Leverage
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25