FINANCIAL ANALYSIS OF CARNIVAL CORPORATION & PLC

Financial Analysis Of Carnival Corporation & PLC



Table of Contents

Introduction3

Liquidity Ratios4

Asset Management Ratios5

Debt Management Ratios6

Profitability Ratios7

Du Point Ratios (Investment Ratio)8

Investment Ratios10

Graphs of share prices (Carnival Corp.)with EPS variation11

Ratio Analysis13

Conclusion15

References16

Financial Analysis Of Carnival Corporation & PLC

Introduction

This coursework highlights the financial analysis including all the ratio analysis, trends, and other financial variables to overview the current position of Carnival Corporation & PLC. Under the brands of Carnival Corporation take over 80 cruise ships with more than 139,000 beds at sea (in this case, however, the 15 cruise ships are to be counted, to be delivered until autumn 2009). The Carnival Corporation Plc. is a global cruise company with its subsidiaries, there are twelve of the well-known cruise brands. One of the brands, Carnival Cruise Line, Holland America Line, Princess Cruises, Sea bourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises, Guard Line, P & O Cruises, Ocean Village, Swan Hellenic and P & O Cruises Australia. 

In addition to the home market is just booming European market for Carnival Cruises is of great importance. With AIDA Cruises, Costa Cruises, Guard Line and Holland America Line, Carnival here has positioned itself very strongly in the U.S with Carnival Cruises heavily betting on the Funschiff concept ". In contrast to European society is set up much wider. Carnival goes here a clear brand strategy that positions the individual companies are not splits but clear as existing brand with its own profile. Synergies to be exploited yet: new buildings for the many companies ordered together (the lower the prices), investments from subsidiaries to cruise terminals (such as the new Kreuzfahrtenpier Palacruceros in Barcelona Costa Cruises) will be utilized together. Also, new destinations will be developed jointly.

Obviously, our study could only go with Carnival Corporation & PLC, not to be confused with Carnival Cruises, which represents only the holding of the flag pole. Although Carnival Corporation's name appears only in 1994, the birth of the group goes back to the foundation, by Ted Arison, the pioneer of all the cruise ships of Carnival Cruises in 1972.

After reaching the position of "The World's Most Popular Cruise Line" in 1987 the company opened the stock market with a public offering of 20%, allowing a release of funds necessary for a planned expansion.

Today, Carnival Corporation presents a particularly unusual and complex: there is a dual-listed company or a company formed by two companies (Carnival Corporation and Carnival plc) listed separately with separate management and ownership structure but operate market as one company. The two companies are based in Miami and London, the Carnival plc is listed on the LSE is that the NYSE (in both markets under the symbol CCL) and Carnival Corporation is listed only on the NYSE (under the symbol CUK) Carnival Corporation is the largest of the two parent companies.CEO Micky Arison and his family hold 47% of the Carnival Corporation.

Liquidity Ratio: Below Average

Carnival has below average liquidity; however, their current ration compares well to their most significant competition (Royal Caribbean) with a five year average that matched the competitor in 2010. Carnival's quick and cash ratio's are below its competitors ...