How Much Debt Does Carnival Corporation & Carry? The chart below, which you can click on for greater detail, shows that Carnival Corporation & had US$33.8b in debt in May 2023; about the same as the year before. However, it also had US$4.47b in cash, and so its net debt is US$29.3b.
Given its recovering revenue levels, Carnival should survive. Nonetheless, its ability for near-term prosperity appears seriously in doubt. As significant portions of the debt mature in 2026 and beyond, Carnival could find itself in a deeper debt trap.
Cruise giant Carnival was hit hard during the worst of the pandemic. Now, a top Wall Street analyst has issued a dire potential outlook for the company in the case of recession. Morgan Stanley's Jamie Rollo outlined a worse-case scenario: Carnival stock could fall to $0 in the event of a global economic downturn.
Is Carnival stock a Buy, Sell or Hold? Carnival stock has received a consensus rating of buy. The average rating score is and is based on 35 buy ratings, 19 hold ratings, and 13 sell ratings.
Carnival Corp.(CCL 8.53%) and its smaller peers are profitable again, and back at pre-pandemic performance levels in some key metrics. However, cruise line stocks have pulled back sharply from their recent summertime highs.
The current TTM dividend payout for Carnival (CCL) as of November 10, 2023 is $0.00. The current dividend yield for Carnival as of November 10, 2023 is 0.00%.
If you have 100 or more shares of Carnival Stock, you are entitled to get from $50 to $250 OBC on each cruise you take. Don't forget to send in your paperwork!
Cruise stocks could be a profitable long-term investmentWill cruise stocks recover? The answer is a pretty resounding yes.” says Matthew Makowski, senior research analyst at Investment U10.
Carnival and Disney paused dividend payments due to complications from the pandemic. Fool.com contributor Parkev Tatevosian evaluates Carnival (CCL -5.19%) and Disney (DIS -0.89%) to determine which company is in a better financial position to pay a dividend.
Despite price increases, most analysts predict cruises will be recession-proof. Much like package holidays, cruises include fewer surprise costs. And the loyalty of cruise customers means that many are willing to give up other expenses to pay for a cruise trip.