Carnival's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $2,333 Mil. Carnival's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $29,682 Mil. Carnival's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $6,682 Mil.
Carnival's debt to equity for the quarter that ended in Feb. 2024 was 4.79.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Carnival's Debt-to-Equity or its related term are showing as below:
CCL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.44 Max: 5.98
Current: 4.79
During the past 13 years, the highest Debt-to-Equity Ratio of Carnival was 5.98. The lowest was 0.32. And the median was 0.44.
Carnival Debt-to-Equity Historical Data
The historical data trend for Carnival's Debt-to-Equity 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.
|
Carnival Annual Data
|
|
Trend |
Nov14 |
Nov15 |
Nov16 |
Nov17 |
Nov18 |
Nov19 |
Nov20 |
Nov21 |
Nov22 |
Nov23 |
| Debt-to-Equity |
|
|
|
|
|
|
0.45 |
1.38 |
2.85 |
5.08 |
4.63 |
|
Carnival Quarterly Data
|
|
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
Nov23 |
Feb24 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.91 |
5.98 |
4.69 |
4.63 |
4.79 |
Competitive Comparison
For the Travel Services subindustry, Carnival's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Carnival's Debt-to-Equity falls into.
Carnival Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Carnival's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as
Carnival's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as
* 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.
Carnival (Carnival) Business Description
Traded in Other Exchanges
Address
3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428
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; and P&O Cruises in Australia. Carnival 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 has reached again in 2023.
Executives
| David Bernstein |
officer: Sr. Vice President & CFO |
3655 NW 87TH AVENUE, MIAMI FL 33178 |
| Randall J Weisenburger |
director |
C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019 |
| Bettina Alejandra Deynes |
officer: Chief Human Resources Officer |
92 SW 3RD STREET, UNIT 4812, MIAMI FL 33130 |
| Bessemer Trust Co Of Delaware, N.a. |
10 percent owner, other: See Remarks |
20 MONTCHANIN ROAD, SUITE 1500, WILMINGTON DE 19807 |
| Sara Mathew |
director |
CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
| William Richard Burke |
officer: Chief Maritime Officer |
6301 COLLINS AVENUE, APT. 1903, MIAMI BEACH FL 33141 |
| Joshua Ian Weinstein |
director, officer: President & CEO |
3273 COACOOCHEE STREET, MIAMI FL 33133 |
| Arnold W Donald |
director |
C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178 |
| Enrique Miguez |
officer: General Counsel |
3600 DURANGO STREET, CORAL GABLES FL 33134 |
| Arnaldo Perez |
officer: Sr. VP, General Counsel & Sec. |
3655 NW 87TH AVE, C/O CARNIVAL CORP, MIAMI FL 33178-2428 |
| Peter C. Anderson |
officer: Chief Ethics & Compliance |
1541 BRICKELL AVENUE, UNIT B-2604, MIAMI FL 33129 |
| Ma 1994 B Shares Lp |
other: See Remarks |
1201 NORTH MARKET ST, WILMINGTON DE 19899-1347 |
| Micky Meir Arison |
director, officer: Chairman & CEO |
C/O PAUL BERKOWITZ GREENBERG TRAURIG, 333 S.E. 2ND AVENUE, MIAMI FL 33131 |
| Richard Glasier |
director |
219 PIASA ST, ALTON IL 62002 |
| Jeffrey J Gearhart |
director |
702 SOUTHWEST 8TH STREET, BENTONVILLE AR 72716-0215 |
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