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Carnival Corporation (NYSE:CCL)
Interest Expense
$-308 Mil (TTM As of Feb. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carnival Corporation's interest expense for the three months ended in Feb. 2014 was $-72 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2014 was $-308 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 Corporation's Operating Income for the three months ended in Feb. 2014 was $72 Mil. Carnival Corporation's Interest Expense for the three months ended in Feb. 2014 was $-72 Mil. Carnival Corporation's interest coverage for the quarter that ended in Feb. 2014 was 1.00. 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 Corporation Interest Expense for the trailing twelve months (TTM) ended in Feb. 2014 was -78 (May. 2013 ) + -76 (Aug. 2013 ) + -82 (Nov. 2013 ) + -72 (Feb. 2014 ) = $-308 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 Corporation's interest expense for the three months ended in Feb. 2014 was $-72 Mil. Its operating income for the three months ended in Feb. 2014 was $72 Mil. And its Long-Term Debt for the three months ended in Feb. 2014 was $7,992 Mil.

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

Interest Coverage=-1*Operating Income (Q: Feb. 2014 )/Interest Expense (Q: Feb. 2014 )
=-1*72/-72
=1.00

* 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 Corporation Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
Interest Expense -284-330-312-367-414-380-378-365-336-319

Carnival Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
Interest Expense -92-88-87-84-77-83-78-76-82-72
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