Stock Analysis on Net
Stock Analysis on Net

Carnival Corp. & plc (NYSE:CCL)

This company has been moved to the archive! The financial data has not been updated since March 27, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Carnival Corp. & plc, common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Nov 30, 2023 Nov 30, 2022 Nov 30, 2021 Nov 30, 2020 Nov 30, 2019 Nov 30, 2018
Short-term borrowings 0.00 0.39 5.23 5.75 0.51 2.00
Current portion of long-term debt 4.25 4.63 3.61 3.25 3.54 3.72
Current portion of operating lease liabilities 0.30 0.28 0.27 0.28 0.00 0.00
Accounts payable 2.38 2.03 1.49 1.16 1.68 1.72
Accrued liabilities and other 4.08 3.76 3.07 2.14 4.01 3.90
Customer deposits 12.36 9.43 5.83 3.62 10.51 10.37
Current liabilities 23.37% 20.51% 19.51% 16.21% 20.26% 21.71%
Long-term debt, excluding current portion 57.99 61.80 53.44 41.29 21.47 18.62
Long-term operating lease liabilities 2.38 2.30 2.32 2.38 0.00 0.00
Other long-term liabilities 2.25 1.72 1.96 1.77 1.98 2.02
Long-term liabilities 62.62% 65.82% 57.72% 45.44% 23.45% 20.65%
Total liabilities 85.99% 86.34% 77.23% 61.65% 43.71% 42.35%
Carnival Corporation common stock, $0.01 par value 0.02 0.02 0.02 0.02 0.02 0.02
Carnival plc ordinary shares, $1.66 par value 0.73 0.70 0.68 0.67 0.79 0.84
Additional paid-in capital 34.02 32.63 28.67 26.03 19.55 20.65
Retained earnings 0.38 0.52 12.09 29.99 59.15 59.12
Accumulated other comprehensive loss (AOCI) -3.95 -3.83 -2.82 -2.68 -4.59 -4.60
Treasury stock, at cost -17.20 -16.38 -15.87 -15.68 -18.63 -18.38
Shareholders’ equity 14.01% 13.66% 22.77% 38.35% 56.29% 57.65%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).

Short-term borrowings
Exhibited fluctuation over the period, starting at 2% in 2018, dropping to 0.51% in 2019, peaking notably at 5.75% in 2020, then gradually declining to 0.39% in 2022 before data for 2023 is missing.
Current portion of long-term debt
Remained relatively stable with minor variations, ranging between 3.25% and 4.63%, indicating consistent short-term liability management within this category.
Current portion of operating lease liabilities
Absent from data until 2020, then maintained a steady share between 0.27% and 0.3% through 2023, indicating the presence and slight growth of lease-related short-term obligations.
Accounts payable
Showed a downward trend from 2018 at 1.72% to a low of 1.16% in 2020, followed by an increase through 2023, reaching 2.38%, suggesting fluctuating supplier credit or payment terms.
Accrued liabilities and other
Displayed moderate volatility, generally moving between 2.14% and 4.08%, with a dip in 2020 and a recovery to pre-pandemic levels by 2023, reflecting changes in accrued expenses or other short-term obligations.
Customer deposits
Experienced a significant decline from approximately 10.4% in 2018-2019 down to 3.62% in 2020, likely influenced by market conditions or demand shifts, then progressively rebounded to 12.36% by 2023, exceeding initial levels.
Current liabilities
Decreased from 21.71% in 2018 to 16.21% in 2020, followed by a gradual increase to 23.37% by 2023, indicating fluctuating short-term liability levels with a recent upward trend.
Long-term debt, excluding current portion
Marked a pronounced upward trajectory from 18.62% in 2018 to a peak of 61.8% in 2022, before slightly retreating to 57.99% in 2023, showing significant growth in long-term borrowing over the period.
Long-term operating lease liabilities
First recorded in 2020 at 2.38%, this liability has remained stable with minor fluctuations close to 2.3%, indicating a consistent lease-related long-term commitment.
Other long-term liabilities
Remained relatively flat, varying narrowly between 1.7% and 2.25%, signifying stability in miscellaneous long-term obligations.
Long-term liabilities (total)
Experienced a sharp rise from 20.65% in 2018 to 65.82% in 2022, with a slight decrease to 62.62% in 2023, reflecting the increase in long-term debt and lease liabilities, becoming the dominant component of total liabilities and equity.
Total liabilities
Demonstrated steady growth throughout the years, increasing from 42.35% in 2018 to a peak of 86.34% in 2022, with a minor dip to 85.99% in 2023, indicating a substantially higher leverage position over time.
Common and ordinary stock
Remained constant as a portion of total liabilities and equity, with common stock at around 0.02% and ordinary shares between 0.67% and 0.84%, indicating no significant changes in share capital structure.
Additional paid-in capital
Showed a clear upward trend from 20.65% in 2018 to 34.02% in 2023, suggesting increased capital contributions or equity increases beyond par value.
Retained earnings
Exhibited a steep decline from a strong 59.12% in 2018 and 59.15% in 2019 to 29.99% in 2020, then continued down to minimal levels near 0.38% by 2023, signaling substantial erosion of accumulated profits, likely due to losses or distributions.
Accumulated other comprehensive loss (AOCI)
Displayed a negative balance throughout, ranging from -4.6% in 2018 to stabilizing near -3.95% in 2023, reflecting ongoing unrealized losses affecting equity.
Treasury stock, at cost
Maintained a significant negative equity effect, around -15.7% to -18.6%, with a slight trend toward increased treasury stock holdings by 2023.
Shareholders’ equity
Declined noticeably from 57.65% in 2018 to as low as 13.66% in 2022, with a small rebound to 14.01% in 2023, highlighting a weakening equity base relative to total capitalization.
Total liabilities and shareholders' equity
Remained consistently 100% as expected, denoting proportional allocation between liabilities and equity components.