A Secret Behind Carnival's $31.3 Billion in Debt
(NYSE: CCL) has seen a rapid improvement in operations in 2023 and recently reported record quarterly revenue. But it's still dealing with tens of billions of dollars in debt from the pandemic that's an overhang on the stock.
In this video, Travis Hoium highlights a trick the company is using to reduce debt and how risky it might be. If there's an economic downturn or drop in cruise demand, Carnival may be in more trouble than ever.
*Stock prices used were end-of-day prices of Oct. 10, 2023. The video was published on Oct. 11, 2023.
Source Fool.com
Carnival plc Stock
€14.12
3.530%
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