Carnival (LTS:0EV1) Interest Expense : $-1,997 Mil (TTM As of Feb. 2024)

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What is Carnival Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carnival's interest expense for the three months ended in Feb. 2024 was $ -471 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-1,997 Mil.

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. Carnival's Operating Income for the three months ended in Feb. 2024 was $ 276 Mil. Carnival's Interest Expense for the three months ended in Feb. 2024 was $ -471 Mil. Carnival's Interest Coverage for the quarter that ended in Feb. 2024 was 0.59. 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 Expense Historical Data

The historical data trend for Carnival's Interest Expense 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.

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Carnival Interest Expense Chart

Carnival Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-206.00

-895.00

-1,601.00

-1,609.00

-2,066.00

Carnival Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-539.00	-542.00	-518.00	-466.00	-471.00

Carnival Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,997 Mil.

Carnival (LTS:0EV1) Interest Expense Explanation

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 Expense for the three months ended in Feb. 2024 was $-471 Mil. Its Operating Income for the three months ended in Feb. 2024 was $276 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $29,682 Mil.

Carnival's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	276	/	-471
	=	0.59

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Carnival Corp interest coverage is 1.2, which is low.

Carnival (LTS:0EV1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival Corp (LTS:0EV1) » Definitions » Interest Expense

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Address

3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428

Website

https://www.carnivalcorp.com

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.

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