Carnival Group International Holdings (Carnival Group International Holdings) Debt-to-Equity : 13.74 (As of Jun. 2021)

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What is Carnival Group International Holdings Debt-to-Equity?

Carnival Group International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $1,092.40 Mil. Carnival Group International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $1.70 Mil. Carnival Group International Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $79.62 Mil. Carnival Group International Holdings's debt to equity for the quarter that ended in Jun. 2021 was 13.74.

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 Group International Holdings's Debt-to-Equity or its related term are showing as below:

CRNNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 1.43 Max: 13.74
Current: 13.74

During the past 13 years, the highest Debt-to-Equity Ratio of Carnival Group International Holdings was 13.74. The lowest was 0.04. And the median was 1.43.

CRNNF's Debt-to-Equity is not ranked
in the Real Estate industry.
Industry Median: 0.76 vs CRNNF: 13.74

Carnival Group International Holdings Debt-to-Equity Historical Data

The historical data trend for Carnival Group International Holdings'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.

* Premium members only.

Carnival Group International Holdings Debt-to-Equity Chart

Carnival Group International Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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1.56

1.26

1.70

2.48

9.89

Carnival Group International Holdings Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Debt-to-Equity	Get a 7-Day Free Trial															0.46	2.48	2.80	9.89	13.74

Competitive Comparison of Carnival Group International Holdings's Debt-to-Equity

For the Real Estate - Development subindustry, Carnival Group International Holdings'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 Group International Holdings's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Carnival Group International Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Carnival Group International Holdings's Debt-to-Equity falls into.

Carnival Group International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carnival Group International Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1097.187	+	2.34)	/	111.232
	=	9.88

Carnival Group International Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1092.396	+	1.696)	/	79.624
	=	13.74

Carnival Group International Holdings (GREY:CRNNF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Carnival Group International Holdings Debt-to-Equity Related Terms

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Carnival Group International Holdings (Carnival Group International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Carnival Group International Holdings Ltd (GREY:CRNNF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

61-65 Des Voeux Road, Suites 1106-08, 11th Floor, The Chinese Bank Building, Hong Kong, HKG

Website

http://www.0996.com.hk

Carnival Group International Holdings Ltd is an investment holding company. It operates through four segments namely Property development and investment segment, which is the key revenue driver, includes developing residential and commercial properties in the PRC and Hong Kong for sales and leasing; Trading and investment business includes investing in securities and financial instruments; Hotel operations including hotel accommodation, food and banquet operations; Others providing retail-related consultancy, management services, operating kids edutainment center, touring carnival and operating restaurants in Hong Kong.

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