Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Carnival Corp. & plc pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Carnival Corp. & plc for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Carnival Corp. & plc, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).
- Short-term borrowings
- The proportion of short-term borrowings relative to total liabilities and shareholders’ equity decreased gradually from early 2018 through early 2020, reaching a low of 0.39% in February 2023. A notable spike occurred during 2020, rising above 5%, before sharply declining again in late 2022 and early 2023. The latest periods show missing data, suggesting either non-reporting or negligible values.
- Current portion of long-term debt
- This component maintained relative stability around 2-4% from 2018 to 2019, but experienced a slight increase in 2020, peaking near 5.16%. Following a decrease in 2021, the percentage rose again through 2022, reaching above 6% by the third quarter. In 2023 and early 2024, it declined moderately, settling around 4-4.4%.
- Current portion of operating lease liabilities
- Reported only from 2019 onwards, this liability consistently formed a small segment of total liabilities, fluctuating narrowly between 0.25% and 0.31%, indicating stable lease-related short-term obligations.
- Accounts payable
- The share of accounts payable saw slight volatility, beginning near 1.9% in early 2018, rising sharply to approximately 3.63% by mid-2020, then declining below 1.2% by late 2020. Subsequently, it gradually climbed back above 2% by late 2023, reflecting varying payment cycles and operational activities over time.
- Accrued liabilities and other
- This category maintained a range between approximately 3.7% and 4% during 2018 and 2019, declined steadily through 2020 reaching lows near 2.1%, then demonstrated a recovery trend thereafter, growing up to around 4.7% by early 2024. This suggests changing accrual practices or timing differences in recognizing liabilities.
- Customer deposits
- The percentage of customer deposits was volatile, starting above 10% in 2018, exhibiting a downward trajectory through 2020 to near 3%, reflecting reduced customer activity possibly caused by external factors. A rebound is evident from late 2020 onward, with steady growth back to over 13% by early 2024, signaling increasing demand or advance bookings.
- Current liabilities
- Current liabilities as a whole fluctuated moderately around 20-23% from 2018 to early 2020, dipped to about 16% by late 2020, then increased substantially in 2022 to above 25%. Since then, it declined somewhat but remained elevated near 25% through early 2024, indicating shifts in the composition and timing of short-term obligations.
- Long-term debt, excluding current portion
- This liability showed a rising trend over the entire period. Initially around 18%, it rose sharply starting 2020, peaking near 62% by early 2023 before a slight decline to approximately 57% in early 2024. Such increases suggest significant long-term borrowing, possibly tied to financing needs or capital structure adjustments.
- Long-term operating lease liabilities
- Reported from 2019, these liabilities consistently held a small share around 2-2.8% with slight fluctuations. This steadiness suggests ongoing but stable long-term lease commitments.
- Other long-term liabilities
- This segment consistently accounted for around 1.7% to 2.1%, with minor variation over time, illustrating a steady proportion of other non-debt long-term obligations.
- Long-term liabilities
- Summing various long-term obligations, this category demonstrated a strong upward trend, increasing from about 20% in early 2018 to nearly 67% in early 2023. It slightly contracted thereafter but remained above 61% by early 2024, indicating a heavier emphasis on long-term financing and liabilities.
- Total liabilities
- Total liabilities steadily increased from roughly 41% in 2018 to peaks near 88% by early 2023, then leveled off between 85% and 87% into early 2024. This signifies growing leverage over the years, with liabilities forming an increasing share of the company’s total capital structure.
- Common and ordinary stock
- Common stock and ordinary shares consistently represented a very small fraction of total liabilities and equity, with combined values below 1% throughout the period, indicating minimal equity capital relative to total financing.
- Additional paid-in capital
- This equity component remained generally stable between 19% and 21% prior to 2019, with notable increases starting late 2020, reaching highs above 34% by late 2023. This upward movement reflects increased injected capital or adjustments in equity structure.
- Retained earnings (accumulated deficit)
- Retained earnings declined significantly over the period, from a strong positive near 56% in early 2018 to negative territory by late 2022 and early 2023. Slight improvements are visible in 2023 and early 2024 but levels remain close to zero or slightly negative, highlighting accumulated losses or earnings deficits over time.
- Accumulated other comprehensive loss (AOCI)
- AOCI remained a steady negative component between -4.6% and -2.1%, showing gradual improvement after 2019 but worsening again by late 2022. This reflects fluctuations in unrealized losses or gains recognized outside net income.
- Treasury stock
- Treasury stock hovered consistently around -16% to -18%, showing slight fluctuations but stable throughout the period, indicating consistent repurchase or holding of company shares as treasury stock.
- Shareholders’ equity
- Overall shareholders’ equity as a proportion of total liabilities and equity decreased markedly from nearly 59% in early 2018 to below 14% by early 2023. A marginal recovery was observed into early 2024, though equity remains at a diminished proportion relative to liabilities, signaling increased leverage and reduced net asset backing.
- Total liabilities and shareholders’ equity
- Maintained constant at 100% as expected for the total capitalization framework.