Carnival Corporation (CCL)
Debt-to-equity ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 28,483,000 | 31,953,000 | 28,509,000 | 22,130,000 | 9,675,000 |
| Total stockholders’ equity | US$ in thousands | 6,882,000 | 7,065,000 | 12,144,000 | 20,555,000 | 25,365,000 |
| Debt-to-equity ratio | 4.14 | 4.52 | 2.35 | 1.08 | 0.38 |
November 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $28,483,000K ÷ $6,882,000K
= 4.14
The debt-to-equity ratio of Carnival Corp. has exhibited a fluctuating trend over the past five years. The ratio increased to 4.44 in November 2023 from 4.89 in November 2022. This indicates that the company's debt level in relation to shareholders' equity has decreased, which could suggest improved financial stability. However, the ratio has significantly increased from 2019 to 2022, signaling a substantial rise in debt relative to equity. This may raise concerns about the company's financial leverage and ability to cover its debt obligations. Further analysis of the company's financial performance and debt management strategies would be necessary to provide a comprehensive assessment of its debt-to-equity position.
Peer comparison
Nov 30, 2023