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Carnival Corp (NYSE:CCL)
Interest Expense
\$-220 Mil (TTM As of Aug. 2016)

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 Aug. 2016 was \$-61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2016 was \$-220 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 Aug. 2016 was \$1,562 Mil. Carnival Corp's Interest Expense for the three months ended in Aug. 2016 was \$-61 Mil. Carnival Corp's interest coverage for the quarter that ended in Aug. 2016 was 25.61. The higher the ratio, the stronger the companys financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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 Aug. 2016 was -50 (Nov. 2015 ) + -52 (Feb. 2016 ) + -57 (May. 2016 ) + -61 (Aug. 2016 ) = \$-220 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Carnival Corp's interest expense for the three months ended in Aug. 2016 was \$-61 Mil. Its operating income for the three months ended in Aug. 2016 was \$1,562 Mil. And its Long-Term Debt for the three months ended in Aug. 2016 was \$8,320 Mil.

Carnival Corp's Interest Coverage for the quarter that ended in Aug. 2016 is calculated as

 Interest Coverage = -1 * Operating Income (Q: Aug. 2016 ) / Interest Expense (Q: Aug. 2016 ) = -1 * 1562 / -61 = 25.61

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Carnival Corp Annual Data

 Nov06 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Interest Expense -312 -367 -414 -380 -378 -365 -336 -319 -288 -217

Carnival Corp Quarterly Data

 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Interest Expense -72 -69 -75 -57 -57 -53 -50 -52 -57 -61
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