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Carnival Effective Interest Rate on Debt %

: 3.97% (As of May. 2020)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Carnival's annualized positive value of Interest Expense for the quarter that ended in May. 2020 was $728 Mil. Carnival's average total debt for the quarter that ended in May. 2020 was $18,334 Mil. Therefore, Carnival's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 was 3.97%.


Carnival Effective Interest Rate on Debt % Historical Data

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

* Premium members only.

Carnival Annual Data
Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.43 2.45 2.13 1.99 1.89

Carnival Quarterly Data
Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.90 1.90 1.76 1.70 3.97

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Carnival Effective Interest Rate on Debt % Distribution

* The bar in red indicates where Carnival's Effective Interest Rate on Debt % falls into.



Carnival Effective Interest Rate on Debt % Calculation

Carnival's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2018 )+Total Debt  (A: Nov. 2019 ))/ count )
=-1  *  -206/( (10323+11502)/ 2 )
=-1  *  -206/10912.5
=1.89 %

where

Total Debt  (A: Nov. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7897 + 2426
=10323

Total Debt  (A: Nov. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9675 + 1827
=11502

Carnival's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2020 )+Total Debt  (Q: May. 2020 ))/ count )
=-1  *  -728/( (14418+22250)/ 2 )
=-1  *  -728/18334
=3.97 %

where

Total Debt  (Q: Feb. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11050 + 3368
=14418

Total Debt  (Q: May. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16162 + 6088
=22250

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

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (May. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Carnival  (NYSE:CCL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Carnival Effective Interest Rate on Debt % Related Terms


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