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GuruFocus has detected 4 Warning Signs with Carnival Corp $CCL.
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Carnival Corp (NYSE:CCL)
Interest Expense
$-224 Mil (TTM As of Feb. 2017)

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 Feb. 2017 was $-51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2017 was $-224 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 Feb. 2017 was $368 Mil. Carnival Corp's Interest Expense for the three months ended in Feb. 2017 was $-51 Mil. Carnival Corp's interest coverage for the quarter that ended in Feb. 2017 was 7.22. 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 Feb. 2017 was -57 (May. 2016 ) + -61 (Aug. 2016 ) + -55 (Nov. 2016 ) + -51 (Feb. 2017 ) = $-224 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 Feb. 2017 was $-51 Mil. Its operating income for the three months ended in Feb. 2017 was $368 Mil. And its Long-Term Debt for the three months ended in Feb. 2017 was $7,796 Mil.

Carnival Corp's Interest Coverage for the quarter that ended in Feb. 2017 is calculated as

Interest Coverage=-1*Operating Income (Q: Feb. 2017 )/Interest Expense (Q: Feb. 2017 )
=-1*368/-51
=7.22

* 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

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
Interest Expense -367-414-380-378-365-336-319-288-217-223

Carnival Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Interest Expense -75-57-57-53-50-52-57-61-55-51
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