Carnival Corporation (CCL)
Debt-to-equity ratio
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 25,936,000 | 26,642,000 | 27,154,000 | 28,544,000 | 28,483,000 | 29,516,000 | 31,921,000 | 32,672,000 | 31,953,000 | 28,518,000 | 29,263,000 | 29,887,000 | 28,509,000 | 26,831,000 | 25,968,000 | 26,522,000 | 22,130,000 | 18,916,000 | 14,870,000 | 9,738,000 |
| Total stockholders’ equity | US$ in thousands | 9,251,000 | 8,597,000 | 6,814,000 | 6,682,000 | 6,882,000 | 6,960,000 | 5,865,000 | 6,170,000 | 7,065,000 | 8,379,000 | 8,260,000 | 10,311,000 | 12,144,000 | 14,863,000 | 17,876,000 | 19,813,000 | 20,555,000 | 19,503,000 | 20,840,000 | 24,290,000 |
| Debt-to-equity ratio | 2.80 | 3.10 | 3.99 | 4.27 | 4.14 | 4.24 | 5.44 | 5.30 | 4.52 | 3.40 | 3.54 | 2.90 | 2.35 | 1.81 | 1.45 | 1.34 | 1.08 | 0.97 | 0.71 | 0.40 |
November 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $25,936,000K ÷ $9,251,000K
= 2.80
Carnival Corporation's debt-to-equity ratio has shown an increasing trend over the past few years. Starting at 0.40 in February 2020, the ratio has steadily climbed to 2.80 by November 2024.
This indicates that the company has been relying more on debt financing relative to equity financing during this period. A higher debt-to-equity ratio can suggest that the company is taking on more financial risk as a larger portion of its capital structure is financed through debt.
It is important for investors and creditors to monitor this ratio as a higher debt-to-equity ratio may indicate potential financial distress or limitations in the company's ability to meet its debt obligations. Additionally, it may also imply that the company is more vulnerable to economic downturns or rising interest rates.
Overall, the increasing trend in Carnival Corporation's debt-to-equity ratio highlights the need for a comprehensive evaluation of the company's financial health and risk profile.
Peer comparison
Nov 30, 2024