Carnival Corporation & Balance Sheet Health
Financial Health criteria checks 1/6
Carnival & has a total shareholder equity of $8.6B and total debt of $28.9B, which brings its debt-to-equity ratio to 335.9%. Its total assets and total liabilities are $49.8B and $41.2B respectively. Carnival &'s EBIT is $3.4B making its interest coverage ratio 2. It has cash and short-term investments of $1.5B.
Key information
335.9%
Debt to equity ratio
US$28.88b
Debt
| Interest coverage ratio | 2x |
| Cash | US$1.53b |
| Equity | US$8.60b |
| Total liabilities | US$41.21b |
| Total assets | US$49.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVC1's short term assets ($3.6B) do not cover its short term liabilities ($12.3B).
Long Term Liabilities: CVC1's short term assets ($3.6B) do not cover its long term liabilities ($28.9B).
Debt to Equity History and Analysis
Debt Level: CVC1's net debt to equity ratio (318.1%) is considered high.
Reducing Debt: CVC1's debt to equity ratio has increased from 42.5% to 335.9% over the past 5 years.
Debt Coverage: CVC1's debt is well covered by operating cash flow (20.6%).
Interest Coverage: CVC1's interest payments on its debt are not well covered by EBIT (2x coverage).