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GuruFocus has detected 3 Warning Signs with Carnival Corp \$CCL.
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Carnival Corp (NYSE:CCL)
LT-Debt-to-Total-Asset
0.20 (As of Feb. 2017)

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 Feb. 2017 was 0.20.

Carnival Corp's long-term debt to total assets ratio declined from Feb. 2016 (0.21) to Feb. 2017 (0.20). 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. 2016 is calculated as

 LT Debt to Total Assets (A: Nov. 2016 ) = Long-Term Debt (A: Nov. 2016 ) / Total Assets (A: Nov. 2016 ) = 8357 / 38936 = 0.21

Carnival Corp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2017 is calculated as

 LT Debt to Total Assets (Q: Feb. 2017 ) = Long-Term Debt (Q: Feb. 2017 ) / Total Assets (Q: Feb. 2017 ) = 7796 / 38703 = 0.20

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

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

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 ltd2asset 0.19 0.23 0.25 0.21 0.21 0.18 0.20 0.19 0.19 0.22

Carnival Corp Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 ltd2asset 0.19 0.18 0.17 0.17 0.19 0.21 0.21 0.21 0.22 0.20
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