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
Carnival Corporation & (NYSE:CCL) Has A Somewhat Strained Balance Sheet
Sep 25
Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?
Mar 11Carnival Corporation & (NYSE:CCL) Use Of Debt Could Be Considered Risky
Nov 24Recent updates
Carnival Cruise Lines: Knockout Q3 2024 Results May Auger A Rocket Ride Beyond Bullish Analyst PTs
Nov 14Carnival Cruise Lines: Interest Payments Will Continue To Pressure Bottom Line
Nov 08Slowing Rates Of Return At Carnival Corporation & (NYSE:CCL) Leave Little Room For Excitement
Oct 28Optimistic Investors Push Carnival Corporation & plc (NYSE:CCL) Shares Up 26% But Growth Is Lacking
Oct 10Carnival: Rallying Confidently Above The Pessimism
Oct 02Carnival Corporation & (NYSE:CCL) Has A Somewhat Strained Balance Sheet
Sep 25Carnival Corporation: Earnings Jump Seen In Q3 2024, But It's Priced In
Sep 25Carnival Corporation: Fed's Rate Cuts Ease Its Debt Load
Sep 17Carnival Corporation: Sailing Out Of Trouble
Sep 01Carnival Corporation & plc's (NYSE:CCL) Business Is Yet to Catch Up With Its Share Price
Aug 20Carnival Is Making A Comeback Against All Odds
Aug 17The Returns At Carnival Corporation & (NYSE:CCL) Aren't Growing
Jul 15Why I Believe Carnival Can Potentially Appreciate By More Than 60%
Jul 15Carnival Corporation: Significantly Overvalued
Jun 27Carnival Corporation & plc Just Reported A Surprise Profit And Analysts Updated Their Estimates
Jun 27Carnival Corp. Q2 Preview: Assessing Debt Impacts On Growth Outlook
Jun 18Carnival: Fears Have Likely Peaked, Time To Turn Bullish (Rating Upgrade)
Jun 03Carnival: Set To Cruise Back Up (Rating Upgrade)
May 13Carnival 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 05Financial Position Analysis
Short Term Liabilities: CCL's short term assets ($3.6B) do not cover its short term liabilities ($12.3B).
Long Term Liabilities: CCL's short term assets ($3.6B) do not cover its long term liabilities ($28.9B).
Debt to Equity History and Analysis
Debt Level: CCL's net debt to equity ratio (318.1%) is considered high.
Reducing Debt: CCL's debt to equity ratio has increased from 42.5% to 335.9% over the past 5 years.
Debt Coverage: CCL's debt is well covered by operating cash flow (20.6%).
Interest Coverage: CCL's interest payments on its debt are not well covered by EBIT (2x coverage).