Carnival Reports Continued Debt-Reduction Activity
Supplied financial information places the cruise company’s debt-to-equity ratio at approximately one point eight, with its current and quick ratios below one.
Carnival Corporation & plc has reported debt-reduction activities and continuing efforts to manage its balance sheet. The supplied financial information showed a debt-to-equity ratio of approximately one point eight, while both the current ratio and quick ratio were below one.
The company is part of the S&P 500 and operates globally, with cruise brands across North America, Europe, Australia and other international markets.
Carnival’s brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises. Together, the portfolio represents the company’s cruise operations in its international markets.
The company’s itineraries cover several major cruise destinations. These include the Caribbean, Mediterranean, Alaska, Northern Europe and Australia. Carnival’s reported balance-sheet management and debt-reduction work continue alongside the operations of its cruise brands and itineraries across these regions.
