Carnival Corporation & Balance Sheet Health
Financial Health criteria checks 1/6
Carnival & has a total shareholder equity of $6.8B and total debt of $29.3B, which brings its debt-to-equity ratio to 430.5%. Its total assets and total liabilities are $49.6B and $42.8B respectively. Carnival &'s EBIT is $2.8B making its interest coverage ratio 1.6. It has cash and short-term investments of $1.7B.
Key information
430.5%
Debt to equity ratio
US$29.34b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$1.67b |
| Equity | US$6.81b |
| Total liabilities | US$42.79b |
| Total assets | US$49.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POH1's short term assets ($3.8B) do not cover its short term liabilities ($13.4B).
Long Term Liabilities: POH1's short term assets ($3.8B) do not cover its long term liabilities ($29.4B).
Debt to Equity History and Analysis
Debt Level: POH1's net debt to equity ratio (406.1%) is considered high.
Reducing Debt: POH1's debt to equity ratio has increased from 46.4% to 430.5% over the past 5 years.
Debt Coverage: POH1's debt is well covered by operating cash flow (22.4%).
Interest Coverage: POH1's interest payments on its debt are not well covered by EBIT (1.6x coverage).