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Carnival's quarterly cash and cash equivalents declined from Aug. 2023 ($2,842.00 Mil) to Nov. 2023 ($2,415.00 Mil) but then stayed the same from Nov. 2023 ($2,415.00 Mil) to Feb. 2024 ($2,242.00 Mil).
Carnival's annual cash and cash equivalents declined from Nov. 2021 ($8,939.00 Mil) to Nov. 2022 ($4,029.00 Mil) and declined from Nov. 2022 ($4,029.00 Mil) to Nov. 2023 ($2,415.00 Mil).
The historical data trend for Carnival's Cash And Cash Equivalents can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carnival Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 518.00 | 9,513.00 | 8,939.00 | 4,029.00 | 2,415.00 |
Carnival Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 5,455.00 | 4,468.00 | 2,842.00 | 2,415.00 | 2,242.00 |
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Carnival (NYSE:CUK) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Thank you for viewing the detailed overview of Carnival's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
David Bernstein | officer: Sr. Vice President & CFO | 3655 NW 87TH AVENUE, MIAMI FL 33178 |
Randall J Weisenburger | director | C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019 |
Bettina Alejandra Deynes | officer: Chief Human Resources Officer | 92 SW 3RD STREET, UNIT 4812, MIAMI FL 33130 |
Bessemer Trust Co Of Delaware, N.a. | 10 percent owner, other: See Remarks | 20 MONTCHANIN ROAD, SUITE 1500, WILMINGTON DE 19807 |
Sara Mathew | director | CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
William Richard Burke | officer: Chief Maritime Officer | 6301 COLLINS AVENUE, APT. 1903, MIAMI BEACH FL 33141 |
Joshua Ian Weinstein | director, officer: President & CEO | 3273 COACOOCHEE STREET, MIAMI FL 33133 |
Sir John Parker | director | |
Arnold W Donald | director | C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178 |
Michael Olaf Thamm | officer: CEO - Costa Crociere | COSTA CROCIERE SPA, PIAZZA PICCAPIETRA, 48, GENOVA L6 16121 |
Enrique Miguez | officer: General Counsel | 3600 DURANGO STREET, CORAL GABLES FL 33134 |
Arnaldo Perez | officer: SVP, Gen Counsel & Secretary | 3655 NW 87TH AVE, C/O CARNIVAL CORP, MIAMI FL 33178-2428 |
Peter C. Anderson | officer: Chief Ethics & Compliance | 1541 BRICKELL AVENUE, UNIT B-2604, MIAMI FL 33129 |
Richard Glasier | director | 219 PIASA ST, ALTON IL 62002 |
Jeffrey J Gearhart | director | 702 SOUTHWEST 8TH STREET, BENTONVILLE AR 72716-0215 |
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