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
Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?
Mar 11
Carnival Corporation & (NYSE:CCL) Use Of Debt Could Be Considered Risky
Nov 24Is Carnival Corporation & (NYSE:CCL) Using Debt Sensibly?
Aug 13Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?
May 08Health Check: How Prudently Does Carnival Corporation & (NYSE:CCL) Use Debt?
Jan 29Recent updates
Carnival Corporation & plc's (NYSE:CCL) Price Is Right But Growth Is Lacking
May 04Carnival: Strong Start To 2024
Apr 01Earnings Update: Carnival Corporation & plc (NYSE:CCL) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
Mar 29Carnival: Strong Profitability Expected In 2024
Mar 17Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?
Mar 11Carnival: Good Prospects But I Stay On The Sidelines
Feb 22Carnival: Improving Fundamentals But Stock Remains A Hold
Feb 14Here's What's Concerning About Carnival Corporation &'s (NYSE:CCL) Returns On Capital
Jan 25Carnival: Profits In Sight
Dec 27What Carnival Corporation & plc's (NYSE:CCL) 28% Share Price Gain Is Not Telling You
Dec 20Carnival: Time For A Pause Following A Likely Fiscal Q4 Loss
Dec 18Carnival Corporation: Continued Recovery Ahead
Dec 05Carnival Corporation & (NYSE:CCL) Use Of Debt Could Be Considered Risky
Nov 24Carnival: Despite Headwinds, Optimism Continues
Nov 23Buying Carnival At This Dip Is Still Premature
Nov 07Carnival: Will All The Debt Cause The Ships Sinking?
Oct 31An Intrinsic Calculation For Carnival Corporation & plc (NYSE:CCL) Suggests It's 27% Undervalued
Oct 25Returns On Capital At Carnival Corporation & (NYSE:CCL) Paint A Concerning Picture
Oct 10Buying Carnival Stock For The First Time In 3 Years
Oct 05Carnival Corporation: Big Q3 Coming Up
Sep 27Carnival Corporation: I Folded Early But There Are Still Concerns (Rating Upgrade)
Sep 19Carnival: Appears Expensive Relative To Peers, Wait For A Better Entry Point
Aug 22Worried That Carnival Will Hit An Iceberg
Aug 15Is Carnival Corporation & (NYSE:CCL) Using Debt Sensibly?
Aug 13Carnival: High Debt Limits Investment Potential
Jul 23Are Carnival Corporation & plc (NYSE:CCL) Investors Paying Above The Intrinsic Value?
Jul 08Carnival: Price Can Rise Further (Rating Upgrade)
Jul 07Carnival: This Ship Has Sailed
Jun 30Carnival Stock: All Eyes On Cash Flows
Jun 23Carnival Stock: Sell The Rip (Downgrade To Sell)
Jun 13Carnival Seeing Improved Demand, But Debt Load Is Burdensome
Jun 06Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?
May 08Carnival: Polishing The Brass On The Titanic
Feb 14Carnival: All Clear Sign
Feb 08Health Check: How Prudently Does Carnival Corporation & (NYSE:CCL) Use Debt?
Jan 29Carnival Corp. gains amid new long call at Hedgeye
Jan 27Carnival: Its Recovery Program Is Already Priced In
Jan 06Carnival Non-GAAP EPS of -$0.85 beats by $0.04, revenue of $3.84B misses by $110M
Dec 21Carnival Corporation Stock Forecast For 2023: What To Watch For
Dec 08Carnival stock slides 11% after the bell on $1B senior note offering
Nov 15Carnival: Dividend Forgotten But A Multibagger Prospect
Nov 04Financial 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).