Carnival Corporation & Balance Sheet Health
Financial Health criteria checks 0/6
Carnival & has a total shareholder equity of $6.7B and total debt of $30.7B, which brings its debt-to-equity ratio to 460.2%. Its total assets and total liabilities are $49.8B and $43.1B respectively. Carnival &'s EBIT is $2.4B making its interest coverage ratio 1.3. It has cash and short-term investments of $2.2B.
Key information
460.2%
Debt to equity ratio
US$30.75b
Debt
Interest coverage ratio | 1.3x |
Cash | US$2.24b |
Equity | US$6.68b |
Total liabilities | US$43.08b |
Total assets | US$49.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCL's short term assets ($4.5B) do not cover its short term liabilities ($12.4B).
Long Term Liabilities: CCL's short term assets ($4.5B) do not cover its long term liabilities ($30.7B).
Debt to Equity History and Analysis
Debt Level: CCL's net debt to equity ratio (426.6%) is considered high.
Reducing Debt: CCL's debt to equity ratio has increased from 47.9% to 460.2% over the past 5 years.
Debt Coverage: CCL's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: CCL's interest payments on its debt are not well covered by EBIT (1.3x coverage).