Carnival (MEX:CCL) Cash-to-Debt : 0.05 (As of Aug. 2024)

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What is Carnival Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Carnival's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.05.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Carnival couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

The historical rank and industry rank for Carnival's Cash-to-Debt or its related term are showing as below:

MEX:CCL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.35
Current: 0.05

During the past 13 years, Carnival's highest Cash to Debt Ratio was 0.35. The lowest was 0.03. And the median was 0.09.

MEX:CCL's Cash-to-Debt is ranked worse than
86.92% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.545 vs MEX:CCL: 0.05

Carnival Cash-to-Debt Historical Data

The historical data trend for Carnival's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Carnival Cash-to-Debt Chart

Carnival Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.05

0.34

0.26

0.11

0.08

Carnival Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.08	0.07	0.05	0.05

Competitive Comparison of Carnival's Cash-to-Debt

For the Leisure subindustry, Carnival's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

Carnival's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Carnival's Cash-to-Debt falls into.

Carnival Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Carnival's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	41962.557	/	(38887.04	+	515244.597)
	=	0.08

Carnival's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	30022.225	/	(46808.633	+	550341.701)
	=	0.05

Carnival (MEX:CCL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Carnival Cash-to-Debt Related Terms

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Carnival Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival PLC (MEX:CCL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CUKPF:USA CUK:USA CCLl:UK CCL:UK POH3:Germany POH1:Germany POH1:Germany POH3:Germany POH1:Germany

Address

Carnival House, 100 Harbour Parade, Southampton, Hampshire, GBR, S015 1ST

Website

https://www.carnivalplc.com

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.