Switch to:
Carnival Corp (NYSE:CCL)
Long-Term Debt to Total Assets
0.17 (As of Aug. 2014)

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's long-term debt divide by its total assets. Carnival Corp's long-term debt to total assests ratio for the quarter that ended in Aug. 2014 was 0.17.

Carnival Corp's long-term debt to total assets ratio declined from Aug. 2013 (0.19) to Aug. 2014 (0.17). It may suggest that Carnival Corp is progressively becoming less dependent on debt to grow their business.


Definition

Carnival Corp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2013 is calculated as

LT Debt to Total Assets (A: Nov. 2013 )=Long-Term Debt (A: Nov. 2013 )/Total Assets (A: Nov. 2013 )
=8092/40104
=0.20

Carnival Corp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2014 is calculated as

LT Debt to Total Assets (Q: Aug. 2014 )=Long-Term Debt (Q: Aug. 2014 )/Total Assets (Q: Aug. 2014 )
=6967/39997
=0.17

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


Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


Related Terms

Long-Term Debt, Total Assets


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

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
ltd2asset 0.230.200.210.190.230.250.210.210.180.20

Carnival Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ltd2asset 0.210.210.180.200.200.190.200.200.190.17
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK