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Carnival Corp (NYSE:CCL)
Interest Expense
$-289 Mil (TTM As of Nov. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carnival Corp's interest expense for the three months ended in Nov. 2014 was $-76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2014 was $-289 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. Carnival Corp's Operating Income for the three months ended in Nov. 2014 was $267 Mil. Carnival Corp's Interest Expense for the three months ended in Nov. 2014 was $-76 Mil. Carnival Corp's interest coverage for the quarter that ended in Nov. 2014 was 3.51. The higher the ratio, the stronger the company’s financial strength is.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Carnival Corp Interest Expense for the trailing twelve months (TTM) ended in Nov. 2014 was -72 (Feb. 2014 ) + -72 (May. 2014 ) + -69 (Aug. 2014 ) + -76 (Nov. 2014 ) = $-289 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. The higher, the better.

Carnival Corp's interest expense for the three months ended in Nov. 2014 was $-76 Mil. Its operating income for the three months ended in Nov. 2014 was $267 Mil. And its Long-Term Debt for the three months ended in Nov. 2014 was $7,363 Mil.

Carnival Corp's Interest Coverage for the quarter that ended in Nov. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: Nov. 2014 )/Interest Expense (Q: Nov. 2014 )
=-1*267/-76
=3.51

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the company’s financial strength is.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Carnival Corp Annual Data

Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14
Interest Expense -330-312-367-414-380-378-365-336-319-288

Carnival Corp Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
Interest Expense -84-77-83-78-76-82-72-72-69-76
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