Carnival Price to Book Value vs Total Debt Analysis

CCL Stock  USD 17.03  0.08  0.47%   
Trend analysis of Carnival balance sheet accounts such as Short Long Term Debt Total of 38.5 B, Other Current Liabilities of 1.3 B or Total Current Liabilities of 13.9 B provides information on Carnival's total assets, liabilities, and equity, which is the actual value of Carnival to its prevalent stockholders. By breaking down trends over time using Carnival balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.

About Carnival Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Carnival at a specified time, usually calculated after every quarter, six months, or one year. Carnival Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Carnival and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Carnival currently owns. An asset can also be divided into two categories, current and non-current.

Carnival Balance Sheet Chart

Carnival Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Carnival uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Carnival's Net Debt is quite stable compared to the past year. Cash is expected to rise to about 2.9 B this year, although the value of Retained Earnings will most likely fall to about 202.1 M.

Total Assets

Total assets refers to the total amount of Carnival assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Carnival books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Carnival balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Carnival are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Carnival's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carnival current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.Selling General Administrative is expected to rise to about 3.6 B this year, although the value of Tax Provision will most likely fall to about 11.1 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses4.8B5.3B6.1B6.4B
Cost Of Revenue11.8B14.3B16.5B17.3B

Carnival fundamental ratios Correlations

0.780.680.940.150.990.77-0.090.520.980.550.520.50.670.770.860.60.690.830.950.690.630.770.830.73-0.14
0.780.330.83-0.490.740.98-0.670.680.670.610.680.230.81.00.670.730.840.990.780.870.580.270.820.65-0.71
0.680.330.670.30.730.40.17-0.030.760.3-0.030.580.670.350.720.370.40.420.650.140.260.860.610.650.29
0.940.830.67-0.060.960.86-0.270.370.930.40.370.50.740.830.950.80.710.890.910.60.460.620.950.9-0.26
0.15-0.490.3-0.060.17-0.50.94-0.250.27-0.14-0.250.27-0.43-0.510.08-0.39-0.37-0.430.09-0.340.010.59-0.22-0.120.9
0.990.740.730.960.170.76-0.070.380.990.430.380.580.670.740.930.670.680.810.930.580.50.790.880.82-0.08
0.770.980.40.86-0.50.76-0.690.530.690.520.530.330.830.990.740.820.860.990.760.760.450.290.890.76-0.67
-0.09-0.670.17-0.270.94-0.07-0.69-0.330.03-0.22-0.330.0-0.56-0.69-0.16-0.56-0.65-0.62-0.13-0.47-0.050.38-0.43-0.290.9
0.520.68-0.030.37-0.250.380.53-0.330.340.721.0-0.230.40.630.110.110.440.60.560.950.90.120.22-0.02-0.59
0.980.670.760.930.270.990.690.030.340.430.340.60.620.670.910.60.630.740.920.530.490.840.830.780.03
0.550.610.30.4-0.140.430.52-0.220.720.430.72-0.070.510.570.18-0.050.430.550.560.760.750.320.270.08-0.34
0.520.68-0.030.37-0.250.380.53-0.331.00.340.72-0.230.40.630.110.10.430.60.560.950.90.110.22-0.02-0.59
0.50.230.580.50.270.580.330.0-0.230.6-0.07-0.230.370.260.70.470.540.320.42-0.03-0.110.640.520.580.27
0.670.80.670.74-0.430.670.83-0.560.40.620.510.40.370.820.650.650.790.820.690.60.450.460.770.66-0.46
0.771.00.350.83-0.510.740.99-0.690.630.670.570.630.260.820.680.760.860.990.760.840.530.270.840.68-0.71
0.860.670.720.950.080.930.74-0.160.110.910.180.110.70.650.680.810.660.760.80.360.240.680.930.94-0.06
0.60.730.370.8-0.390.670.82-0.560.110.6-0.050.10.470.650.760.810.690.790.550.360.040.230.910.89-0.47
0.690.840.40.71-0.370.680.86-0.650.440.630.430.430.540.790.860.660.690.850.660.640.330.410.770.61-0.49
0.830.990.420.89-0.430.810.99-0.620.60.740.550.60.320.820.990.760.790.850.820.810.530.350.890.75-0.64
0.950.780.650.910.090.930.76-0.130.560.920.560.560.420.690.760.80.550.660.820.70.660.710.780.68-0.17
0.690.870.140.6-0.340.580.76-0.470.950.530.760.95-0.030.60.840.360.360.640.810.70.850.220.490.26-0.67
0.630.580.260.460.010.50.45-0.050.90.490.750.9-0.110.450.530.240.040.330.530.660.850.380.240.05-0.32
0.770.270.860.620.590.790.290.380.120.840.320.110.640.460.270.680.230.410.350.710.220.380.50.490.45
0.830.820.610.95-0.220.880.89-0.430.220.830.270.220.520.770.840.930.910.770.890.780.490.240.50.96-0.34
0.730.650.650.9-0.120.820.76-0.29-0.020.780.08-0.020.580.660.680.940.890.610.750.680.260.050.490.96-0.17
-0.14-0.710.29-0.260.9-0.08-0.670.9-0.590.03-0.34-0.590.27-0.46-0.71-0.06-0.47-0.49-0.64-0.17-0.67-0.320.45-0.34-0.17
Click cells to compare fundamentals

Carnival Account Relationship Matchups

Carnival fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.6B53.3B51.7B49.1B56.5B59.3B
Short Long Term Debt Total28.4B34.6B35.9B31.9B36.7B38.5B
Other Current Liab1.1B1.6B1.9B2.0B2.3B1.3B
Total Current Liabilities8.7B10.4B10.6B11.5B13.2B13.9B
Total Stockholder Equity20.6B12.1B7.1B6.9B7.9B13.4B
Property Plant And Equipment Net39.4B39.4B40.0B41.4B47.6B50.0B
Net Debt18.9B25.7B31.9B29.5B33.9B35.6B
Retained Earnings16.1B6.4B269M185M212.8M202.1M
Cash9.5B8.9B4.0B2.4B2.8B2.9B
Non Current Assets Total43.0B43.2B44.2B43.9B50.4B53.0B
Non Currrent Assets Other1.6B2.0B2.5B725M833.8M576.1M
Cash And Short Term Investments9.5B9.1B4.0B2.4B2.8B2.9B
Net Receivables273M246M395M556M639.4M671.4M
Common Stock Shares Outstanding775M1.1B1.2B1.3B1.5B837.5M
Liabilities And Stockholders Equity53.6B53.3B51.7B49.1B56.5B59.3B
Non Current Liabilities Total24.4B30.8B34.0B30.8B35.4B37.1B
Inventory335M356M428M528M607.2M637.6M
Other Current Assets442M392M652M1.8B2.0B2.1B
Other Stockholder Equity5.5B6.8B8.4B8.3B9.5B10.0B
Total Liab33.0B41.2B44.6B42.2B48.6B51.0B
Property Plant And Equipment Gross39.4B57.3B40.0B41.4B47.6B50.0B
Total Current Assets10.6B10.1B7.5B5.3B6.1B6.4B
Accumulated Other Comprehensive Income(1.4B)(1.5B)(2.0B)(1.9B)(1.7B)(1.7B)
Short Term Debt5.0B4.9B2.7B2.2B2.6B1.3B
Intangible Assets1.2B1.2B1.2B1.2B1.3B1.1B
Accounts Payable624M797M1.1B1.2B1.3B1.4B
Current Deferred Revenue1.9B3.1B4.9B6.1B7.0B7.3B
Good Will2.9B2.9B807M579M665.9M632.6M
Other Liab949M1.0B891M1.1B1.3B799.7M
Long Term Debt22.1B28.5B32.0B28.5B32.8B34.4B
Treasury Stock(7.8B)(8.4B)(8.4B)(8.5B)(7.6B)(7.2B)
Property Plant Equipment38.1B38.1B38.7B41.4B47.6B31.3B
Net Tangible Assets19.8B11.6B6.5B5.1B4.6B4.4B
Long Term Debt Total9.7B22.1B28.5B32.0B36.7B38.6B
Capital Surpluse8.8B13.9B15.3B16.9B19.4B11.4B
Non Current Liabilities Other891M949M1.0B1.1B1.3B977.4M

Pair Trading with Carnival

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carnival position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carnival will appreciate offsetting losses from the drop in the long position's value.

Moving against Carnival Stock

  0.56DKNG DraftKings Downward RallyPairCorr
  0.54WING Wingstop Financial Report 1st of May 2024 PairCorr
The ability to find closely correlated positions to Carnival could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnival when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carnival - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carnival to buy it.
The correlation of Carnival is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carnival moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnival moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carnival can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Carnival is a strong investment it is important to analyze Carnival's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carnival's future performance. For an informed investment choice regarding Carnival Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.
Note that the Carnival information on this page should be used as a complementary analysis to other Carnival's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Carnival's price analysis, check to measure Carnival's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carnival is operating at the current time. Most of Carnival's value examination focuses on studying past and present price action to predict the probability of Carnival's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnival's price. Additionally, you may evaluate how the addition of Carnival to your portfolios can decrease your overall portfolio volatility.
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Is Carnival's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carnival. If investors know Carnival will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carnival listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
(0.06)
Revenue Per Share
17.11
Quarterly Revenue Growth
0.406
Return On Assets
0.0241
The market value of Carnival is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival's value that differs from its market value or its book value, called intrinsic value, which is Carnival's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carnival's market value can be influenced by many factors that don't directly affect Carnival's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.