Switch to:

Carnival Interest Coverage

: At Loss (As of May. 2020)
View and export this data going back to 1987. Start your Free Trial

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 by its Interest Expense. Carnival's Operating Income for the three months ended in May. 2020 was $-2,813 Mil. Carnival's Interest Expense for the three months ended in May. 2020 was $-182 Mil. did not have earnings to cover the interest expense. 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.


Carnival Interest Coverage 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
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.86 13.77 14.64 17.14 15.90

Carnival Quarterly Data
Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
Interest Coverage 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 9.54 36.33 9.90 0.35 0.00

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 Interest Coverage Distribution

* The bar in red indicates where Carnival's Interest Coverage falls into.



Carnival Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.


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's Interest Coverage for the fiscal year that ended in Nov. 2019 is calculated as

Here, for the fiscal year that ended in Nov. 2019, Carnival's Interest Expense was $-206 Mil. Its Operating Income was $3,276 Mil. And its Long-Term Debt & Capital Lease Obligation was $9,675 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2019 )/Interest Expense (A: Nov. 2019 )
=-1*3276/-206
=15.90

Carnival's Interest Coverage for the quarter that ended in May. 2020 is calculated as

Here, for the three months ended in May. 2020, Carnival's Interest Expense was $-182 Mil. Its Operating Income was $-2,813 Mil. And its Long-Term Debt & Capital Lease Obligation was $16,162 Mil.

Carnival did not have earnings to cover the interest expense.

* 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.


Carnival  (NYSE:CCL) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Carnival Interest Coverage Related Terms


Carnival Interest Coverage Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)