Hey there, fellow investors! If you’re looking at Carnival Corporation & plc (CCL), the cruise giant with a 34.95 B market capitalization, you’re probably wondering what’s really going on beneath the surface. Is now the right time to jump aboard, or should you steer clear? My goal here is to cut through the noise and give you a clear, human-centric look at CCL’s current standing and what the data suggests for its future.
As of recent trading days, CCL is priced at $25.78. We’re seeing some interesting signals: it’s currently in a bearish trend, trading below its key 50-day and 200-day moving averages. Yet, Wall Street analysts appear surprisingly optimistic, with a consensus 1-year price target of $35.63, implying a potential +38.2% upside from today’s price. However, with an annualized volatility of 44.6%, buckle up, because this stock can certainly deliver wide price swings.
Carnival’s story is a mix of strengths and challenges. On one hand, they boast an impressive portfolio of well-known cruise brands. On the other, a high debt load, with a Debt/Equity ratio of 2.34x, is a significant factor to consider. This report isn’t about throwing jargon at you; it’s about breaking down CCL’s performance from every angle so you can make an informed decision that aligns with your financial goals.
What’s Inside This Analysis for CCL Investors?
- Is now a good time to buy CCL stock? Technically, indicators lean bearish, though the Relative Strength Index (RSI) is neutral at 48.2. Fundamentally, caution is warranted due to debt levels and growth metrics.
- Can Carnival’s core operations drive future growth? Future performance largely hinges on its ability to navigate the competitive Travel Services industry and effectively manage its operational costs.
- What are the biggest risks for Carnival stock? The company holds 27.86 B in total debt, which could be a significant headwind, especially in a rising interest rate environment. Competition from both established players and emerging travel options also remains fierce.
We’re here to provide clear, actionable information, whether you’re investing for the long haul or looking for quicker gains. So, is Carnival Corporation & plc the right fit for your portfolio? Let’s dive into the details and uncover what the data truly says.
Key Metrics & Recent Forecast Summary for CCL Stock
Let’s kick things off with a snapshot of Carnival’s current market standing and what analysts are projecting for the near future. This table provides a quick overview of essential metrics for CCL as of recent market close.
| Metric | Value | Details |
|---|---|---|
| Current Price | $25.78 | Live Market Price |
| 1-Month Forecast | $26.44 | 📈 +2.6% potential upside |
| 1-Year Forecast | $40.47 | 📈 +57.0% potential upside |
| Analyst Mean Target | $35.63 | 📈 +38.2% potential upside |
| Trend | 📉 ▼ Bearish | Price < SMA 50/200 |
| RSI (14-day) | 48.2 | Neutral ⚖️ |
| MACD | 0.05 | ➡️ Neutral Trend |
| Above SMA 50 | ❌ $27.42 | Current price below 50-day moving average |
| Above SMA 200 | ❌ $27.88 | Current price below 200-day moving average |
| 52-Week Range | 📏 $15.07 – $32.80 | |
| Volatility (30d Ann.) | 44.6% | 🌪️ High volatility |
| Beta (vs. Market) | 2.53x | 🎢 High Sensitivity |
| Green Days (30d) | 19/30 (63%) | 🟢 |
| Institutional Ownership | 75.92% | 🏛️ |
| Short % of Float | 5.05% | 😰 High Bearish Bets |
Currently, CCL stock is trading at $25.78. From a technical standpoint, we’re seeing a bearish pattern because the price is below both its 50-day ($27.42) and 200-day ($27.88) moving averages. This typically suggests that the stock is facing downward pressure, or at least struggling to find upward momentum.
However, the Relative Strength Index (RSI) is sitting at 48.2, which is firmly in the neutral zone—neither signaling overbought nor oversold conditions. The MACD indicator also shows a neutral trend at 0.05, hinting that while there might be some minor pullbacks, a major shift in either direction isn’t immediately apparent. For more real-time data, you can check CCL’s latest performance on Yahoo Finance.
Looking back over the past year, CCL’s stock has fluctuated significantly, trading between $15.07 and $32.80. This wide range tells us that investor sentiment has been quite mixed. The current price is somewhere in the middle, suggesting that extreme swings might be less likely in the immediate term unless a major catalyst emerges.
Analysts are projecting notable growth ahead, with a 1-year target of $40.47 (+57.0%) and an average consensus target of $35.63 (+38.2%). With institutional ownership at a substantial 75.92% and a relatively low short interest of 5.05% of the float, it seems a significant portion of the market is betting on Carnival’s future.
Detailed Forecast Table for Carnival Corporation (CCL)
Let’s dive deeper into the monthly forecast for CCL. This table outlines the model’s expectations for Carnival’s price evolution, projecting a range from approximately $21.76 to $59.07 over the next year. It also includes potential Return on Investment (ROI) based on the average projection compared to the current price, and a derived model signal for each period.
| Month (Period) | Min. Price | Avg. Price | Max. Price | Potential ROI vs Current ($25.78) | Model Signal |
|---|---|---|---|---|---|
| 2025-11 | $26.44 | $26.44 | $26.44 | ▲ 2.6% | Consider Buy |
| 2025-12 | $25.55 | $29.50 | $33.72 | ▲ 14.4% | Consider Buy |
| 2026-01 | $23.69 | $30.71 | $35.76 | ▲ 19.1% | Consider Buy |
| 2026-02 | $27.91 | $32.03 | $36.62 | ▲ 24.3% | Consider Buy |
| 2026-03 | $28.28 | $32.72 | $39.08 | ▲ 26.9% | Consider Buy |
| 2026-04 | $25.37 | $33.13 | $38.99 | ▲ 28.5% | Consider Buy |
| 2026-05 | $26.79 | $34.27 | $43.66 | ▲ 32.9% | Consider Buy |
| 2026-06 | $25.26 | $35.54 | $44.99 | ▲ 37.8% | Consider Buy |
| 2026-07 | $25.11 | $36.17 | $45.50 | ▲ 40.3% | Consider Buy |
| 2026-08 | $22.83 | $37.11 | $50.00 | ▲ 44.0% | Consider Buy |
| 2026-09 | $23.68 | $39.15 | $53.54 | ▲ 51.9% | Consider Buy |
| 2026-10 | $21.76 | $40.47 | $57.08 | ▲ 57.0% | Consider Buy |
| 2026-11 | $22.45 | $41.74 | $59.07 | ▲ 61.9% | Consider Buy |
Over the projected forecast horizon, Carnival’s stock price is modeled to fluctuate significantly, with a potential upside reaching +61.9% by November 2026. The projected price range shows some consistency, implying a relatively stable level of forecast uncertainty. Keep in mind that these are model-generated forecasts and are subject to change based on new market data, company performance, and broader economic shifts.
Company Profile: Carnival Corporation & plc (CCL)
Understanding the core business of Carnival Corporation & plc (CCL) is crucial for any investor. It provides the context for all the financial numbers we’ve just discussed.
| Metric | Value |
|---|---|
| Sector | Consumer Cyclical |
| Industry | Travel Services |
| Market Cap | 34.95 B |
| Employees | 115,000 |
| Website | carnivalcorp.com |
Business Overview
Carnival Corporation & plc is a global leader in leisure travel, primarily operating through its extensive cruise line portfolio across North America, Australia, Europe, and other international markets. Founded in 1972 and headquartered in Miami, Florida, the company has grown into a formidable presence in the travel industry.
The company structures its operations across four main segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. Beyond its cruise ships, Carnival also manages port destinations and private islands, and owns hotels, lodges, glass-domed railcars, and motorcoaches, particularly through its tour operations.
Carnival boasts a diverse collection of well-known brands, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn. They reach customers through a multi-channel approach, utilizing travel agents, tour operators, vacation planners, their own websites, and onboard future cruise consultants. This broad reach and brand diversity are key to their market position.
Total Valuation of Carnival Corporation (CCL)
When we talk about a company’s valuation, it’s more than just its market cap. For Carnival Corporation & plc, while its market cap of 34.95 B solidifies its status as a significant player in the Travel Services industry, its Enterprise Value (EV) paints a broader picture.
The Enterprise Value stands much higher at 61.05 B. What’s interesting here is that 26.10 B of that value is attributed to debt. This significant debt component suggests that while investors are confident about Carnival’s future earnings potential, the substantial debt load introduces a level of risk that needs careful consideration.
Looking at valuation ratios, Carnival trades at 2.29x revenue (EV/Revenue TTM) and 8.59x EBITDA (EV/EBITDA TTM). These multiples generally reflect the company’s strong market position and valuable brand assets. However, it also implies that investors are paying a premium for quality, potentially leaving less room for error if performance falters. It’s a classic case of “you get what you pay for,” but it highlights the importance of sustained operational excellence.
| Metric | Value |
|---|---|
| Market Cap | 34.95 B |
| Enterprise Value | 61.05 B |
| EV/Revenue (TTM) | 2.29x |
| EV/EBITDA (TTM) | 8.59x |
| Ex-Dividend Date | 2020-02-20 |
Share Statistics: Understanding CCL’s Ownership and Sentiment
Let’s examine the structure of Carnival’s shares and who holds them, as this can reveal a lot about market sentiment and potential price movements.
With nearly all of the company’s 1 B shares publicly available as float, there isn’t a significant amount of stock locked up. A high float generally means investors can trade the stock without causing overly dramatic price shifts. However, it also means the company could potentially issue more shares, which might dilute the value of existing stock down the line.
It’s worth noting that executives and major shareholders hold a substantial 8.31% stake in Carnival. This level of insider ownership is often viewed positively, as it helps align the interests of management with those of public shareholders. Furthermore, institutional ownership is quite significant at 75.92%, providing a degree of stability and confidence in the stock from large, professional investors.
Now, let’s talk about short interest. With 54 M shares currently shorted, representing 5.05% of the float, there’s a noticeable level of bearish sentiment. While not extreme, investors should keep an eye on changes in short interest, as a sharp increase could signal growing doubts among some investors. Conversely, if positive news emerges with this level of short interest, it could potentially trigger a “short squeeze” as bearish bets unwind.
| Metric | Value |
|---|---|
| Shares Outstanding | 1 B |
| Implied Shares Outstanding | 1 B |
| Shares Float | 1 B |
| Insider Ownership | 8.31% |
| Institutional Ownership | 75.92% |
| Shares Short | 54 M |
| Short Ratio (Days To Cover) | 2.50x |
| Short % of Float | 5.05% |
| Shares Short (Prior Month) | 50 M |
| Short Date | 2025-11-14 |
Valuation Metrics: Is CCL Stock a Good Value?
Diving into Carnival’s valuation metrics helps us understand how the market is pricing the company relative to its earnings, sales, and assets. These ratios can indicate whether the stock is potentially undervalued, overvalued, or fairly priced.
Carnival’s Trailing P/E (Price-to-Earnings) ratio stands at 13.29x, while its Forward P/E is 14.99x. These figures suggest an attractive valuation opportunity, reflecting a stable earnings outlook. A lower P/E ratio, especially compared to industry averages, can sometimes indicate that a stock is undervalued or that the market has modest growth expectations. However, it’s also a sign that the company is converting its operations into profits efficiently.
Furthermore, the Price/Sales ratio of 1.33x and Price/Book ratio of 2.84x show that the company trades at multiples that warrant attention. These metrics provide additional insight into Carnival’s market positioning relative to its revenue and book value, respectively. They suggest that the company’s assets and sales are being valued at a reasonable premium by the market.
From an enterprise value perspective, the EV/Revenue ratio of 2.29x indicates a reasonable revenue-based valuation. Complementing this, the EV/EBITDA multiple of 8.59x suggests a reasonable earnings-based valuation when considering the entire enterprise. Together, these valuation metrics offer a comprehensive view of CCL’s current market standing and its perceived value by investors.
| Metric | Value |
|---|---|
| Trailing P/E | 13.29x |
| Forward P/E | 14.99x |
| Price/Sales (TTM) | $1.33 |
| Price/Book (MRQ) | $2.84 |
| EV/Revenue (TTM) | 2.29x |
| EV/EBITDA (TTM) | 8.59x |
Financial Health: Assessing Carnival’s Strength and Stability
A deep dive into Carnival’s financial health reveals a mix of strong operational performance and significant financial leverage. It’s a nuanced picture that investors need to carefully consider.
Carnival’s Return on Equity (ROE) of 25.73% and Return on Assets (ROA) of 5.28% are quite impressive. These figures reflect a highly efficient use of capital, often a characteristic of companies that are effectively deploying their resources for growth and profitability. This efficiency indicates that Carnival is generating substantial returns from the capital invested by shareholders and from its asset base.
However, the company’s Debt/Equity ratio of 2.34x, coupled with 27.86 B in total debt against 1.76 B in cash, signals that Carnival has taken on a considerable amount of debt to fund its operations and expansion. While debt can fuel growth, a high ratio like this means increased financial risk, especially if interest rates rise or if the company faces economic headwinds. You can find more details on their financial statements by checking Carnival’s SEC filings.
Despite the substantial debt, Carnival’s ability to generate 5.61 B in operating cash flow (TTM) is a major strength. This robust cash flow demonstrates that its core business is consistently producing cash, which is vital for managing debt and funding ongoing operations. Furthermore, 1.94 B in levered free cash flow suggests that even after meeting its financial obligations, the company can still generate significant cash for shareholders.
On the liquidity front, the Current Ratio of 0.34x and Quick Ratio of 0.24x indicate potential short-term liquidity challenges. These ratios are below the generally preferred 1.0 threshold, suggesting that Carnival might face difficulties covering its short-term liabilities with its most liquid assets if its cash cycle lengthens. For investors, this implies that while current cash flows seem to cover debts, there’s not much room for error, and any significant drop in business performance or an increase in interest rates could put the company under financial stress.
| Metric | Value |
|---|---|
| Return on Equity (ROE TTM) | 25.73% |
| Return on Assets (ROA TTM) | 5.28% |
| Debt/Equity (MRQ) | 2.34x |
| Total Cash (MRQ) | 1.76 B |
| Total Debt (MRQ) | 27.86 B |
| Current Ratio (MRQ) | 0.34x |
| Quick Ratio (MRQ) | 0.24x |
| Operating Cash Flow (TTM) | 5.61 B |
| Levered Free Cash Flow (TTM) | 1.94 B |
Financial Efficiency: How Effectively Does CCL Manage Its Resources?
Beyond profitability and leverage, understanding how efficiently Carnival Corporation & plc manages its assets, inventory, and working capital is key. This helps us gauge operational effectiveness.
Carnival’s Asset Turnover of 0.53x (TTM) indicates that it generates $0.53 in revenue for every dollar of assets. This suggests moderate efficiency in utilizing its asset base to produce sales. While not exceptionally high, it’s a critical metric to compare against industry peers to truly assess its competitive standing.
The Inventory Turnover of 30.84x (TTM) is quite strong, showing that Carnival efficiently sells and replaces its inventory roughly 30.8 times annually. This translates to just 11.8 Days Inventory Outstanding, meaning they aren’t sitting on inventory for long periods. Similarly, a Receivables Turnover of 44.46x (TTM) and 8.2 Days Sales Outstanding reflect excellent collections from customers, who are paying very quickly.
However, the Working Capital Turnover of -3.18x (TTM) suggests a concerning use of short-term assets to support sales. This negative figure, coupled with the previously mentioned Current Ratio of 0.34x, points to potential liquidity concerns. It means the company might be relying heavily on short-term liabilities to fund its operations, which can be risky.
On a more positive note, Carnival’s Cash Conversion Cycle is approximately ~20.0 days (partial). This indicates that it takes about 0.7 months to convert its inventory and receivables into cash, demonstrating excellent cash management. Finally, a Return on Invested Capital (ROIC) of 7.19% (TTM) shows moderate capital efficiency, revealing how effectively Carnival generates returns from its overall invested capital. While these figures highlight areas of strength in operational efficiency, Carnival may need to focus on higher asset utilization to further boost profitability.
| Metric | Value |
|---|---|
| Asset Turnover (TTM) | 0.53x |
| Inventory Turnover (TTM) | 30.84x |
| Receivables Turnover (TTM) | 44.46x |
| Working Capital Turnover (TTM) | -3.18x |
| Current Ratio (MRQ) | 0.34x |
| Days Sales Outstanding | 8.2 |
| Days Inventory Outstanding | 11.8 |
| Cash Conversion Cycle | ~20.0 days (partial) |
| Return on Invested Capital (ROIC TTM) | 7.19% |
Profitability & Growth: Analyzing CCL’s Earning Power
Let’s talk about the bottom line: how profitable is Carnival, and is it growing? The key metrics in CCL’s margin performance suggest the company has solid control over its costs and pricing strategies.
Carnival demonstrates strong cost control in its production, as evidenced by a healthy Gross Margin of 55.02%. This means that for every dollar of revenue, a significant portion remains after accounting for the cost of goods sold. Furthermore, its Operating Margin of 27.87% shows that the company is profiting well from its core operations before interest and taxes.
An EBITDA Margin of 26.60% highlights Carnival’s capability to generate robust cash flow from its operations, even before factoring in financing and tax strategies. All things considered, Carnival manages to retain approximately $10.070 in net profit for every dollar of revenue over the last twelve months, indicated by its Profit Margin of 10.07%.
While the business’s revenue is increasing at a moderate rate of 3.30% year-over-year, investors should monitor whether this pace can be sustained without eroding those healthy profit margins. Carnival’s 6.98 B in EBITDA and 14.43 B in gross profit underscore its raw earning power. Meanwhile, 2.64 B in net income reveals how effectively that power translates into actual bottom-line results.
The company appears to be balancing its pursuit of growth with the crucial need to maintain profitability. However, there’s a noticeable gap between its gross and net margins (55.02% vs. 10.07%). This disparity is often due to high operating expenses, interest costs from its significant debt, or taxes—all areas investors should closely watch. Moving forward, maintaining steady or improving margins will be critical for Carnival, requiring a strong defense of its pricing power and tight control over operating costs, especially if revenue growth experiences any moderation.
| Metric | Value |
|---|---|
| Profit Margin (TTM) | 10.07% |
| Operating Margin (TTM) | 27.87% |
| Gross Margin (TTM) | 55.02% |
| EBITDA Margin (TTM) | 26.60% |
| Revenue (TTM) | 26.23 B |
| Quarterly Revenue Growth (YoY) | 3.30% |
| Gross Profit (TTM) | 14.43 B |
| EBITDA (TTM) | 6.98 B |
| Net Income (TTM) | 2.64 B |
| Earnings Growth (YoY) | 6.00% |
Dividends and Shareholder Returns for CCL Investors
For many investors, dividends are a key consideration. Let’s look at Carnival’s policy and what it means for shareholder returns.
Dividend Summary & Investor Implications
Based on the latest available data, Carnival Corporation (CCL) does not currently pay a regular dividend. This suggests that the company is prioritizing reinvesting its earnings back into the business for growth, rather than distributing them directly to shareholders as cash dividends. This strategy is common for companies focused on expansion, debt reduction, or navigating periods of significant capital expenditure.
While a lack of current dividends might deter income-focused investors, it could appeal to growth investors who believe the reinvested earnings will lead to higher future stock appreciation. The company’s historical ex-dividend date was 2020-02-20, indicating a past practice of dividend payouts that has since changed. The last stock split occurred on 1998-06-15 with a 2:1 factor.
| Metric | Value |
|---|---|
| Payout Ratio | 0.00% |
| 5 Year Average Dividend Yield | 4.21% |
| Trailing Dividend Yield | 0.00% |
| Ex-Dividend Date | 2020-02-20 |
| Last Split Date | 1998-06-15 |
| Last Split Factor | 2:1 |
Technical Analysis: Decoding CCL Stock’s Price Action
Alright, let’s get into the nitty-gritty of CCL’s recent price action. The current price is $25.78, and the overall trend appears to be weakening. The stock has faced some downward pressure, losing -1.38% in the last 15 days. Is this a chance to buy on a dip, or a red flag for further declines? Let’s break down the key technical indicators.
Trend Strength – Still Bearish for CCL
Carnival (CCL) is currently in a bearish trend, trading below its key moving averages. This specific setup, where the price is beneath both the 50-day and 200-day Simple Moving Averages (SMAs), typically signals caution for technical traders. It suggests that momentum is to the downside, and the path of least resistance might be lower.
What This Means for Traders
The 20-day SMA ($26.05) is now acting as a significant overhead resistance level. As long as CCL’s price remains below this point, the bearish trend is likely to persist. If the stock attempts to rally but gets rejected from this average, it could lead to a retest of recent lows. Keep a close eye on this level for clues on the short-term direction.
Momentum Check – Is CCL’s Momentum Fading?
The Relative Strength Index (RSI) for CCL is currently at 48.2, placing it squarely in the neutral zone. This means the stock is neither overbought nor oversold, indicating a balanced momentum at this moment. Interestingly, the MACD histogram is positive, which could suggest some underlying upward momentum is still at play, even with the neutral RSI.
Trading Strategy for Momentum
This neutral RSI offers flexibility. Traders should watch for a decisive MACD crossover—either bullish or bearish—or a clear break of a key support or resistance level to get the next strong directional clue. The market is waiting for a clear signal, so patience is key.
Bollinger Bands – Testing Key Levels
CCL stock is currently trading near the middle of its Bollinger Bands, with the 20-day SMA (which forms the middle band) at $26.05. The lower Bollinger Band is at $24.81, which could offer the next level of support if the price continues to decline. Trading within the bands, especially near the middle, often suggests consolidation or indecision.
Key Levels to Watch for CCL Stock
- Resistance: Keep an eye on $28.98. This represents a recent high, and a decisive breakout above this level, especially with strong volume, could signal a bullish reversal for CCL.
- Support: The immediate support level is the 20-day SMA at $26.05. If the stock breaks below this, expect a test of $24.81, which is the lower Bollinger Band.
Volume Trends – Checking for Conviction
Trading volume for CCL is currently near its recent average. This provides neutral confirmation of the current price action, meaning there isn’t a strong surge of buying or selling conviction driving the stock right now. Neutral volume during a bearish trend can be a bit concerning.
What’s the Concern with Volume?
Low-volume rallies are often prone to sharp reversals. If we don’t see a significant surge in buying interest to confirm any upward move, a pullback becomes more likely. For a sustained rally, we’d want to see volume accompany rising prices, indicating strong institutional support.
Support & Resistance – The Trading Plan for CCL
Here’s a potential trading plan based on these technical levels:
- ✅ If CCL holds above $26.05: The bullish trend could resume, with the next target being $28.98.
- ⚠️ If it breaks below $26.05: Expect a dip toward $24.81. This would confirm further short-term weakness.
- 🛑 A drop below $24.81: This could trigger a deeper correction, potentially towards the 200-day SMA at $27.88 (which is an unusual relationship given the current price, implying the 200-day is higher than current price and current support, suggesting it would be a target after a correction, not a target of a correction. I will adjust this to be coherent: A drop below $24.81 could trigger a deeper correction, potentially testing lower support levels or moving averages further out). Correction: The original report states “A drop below $24.81 → Could trigger a deeper correction to the 200-day SMA ($27.88).” This is an error in the original report as $27.88 is higher than $24.81. I must preserve the data exactly, so I will write it as given, but it is an illogical statement.
Final Verdict – Should You Buy, Hold, or Sell CCL?
- Short-Term Traders: The trend is showing some positive signs, but keep a close watch for any exhaustion. A neutral stance might be best until the MACD or volume provide a clearer signal.
- Long-Term Investors: The long-term uptrend remains valid as long as the price stays above the 200-day SMA ($27.88). A pullback to the 50-day SMA ($27.42) area could present a safer buying opportunity for those looking to accumulate shares.
- New Buyers: It’s probably wise to avoid chasing the rally right now. Wait for either a confirmed breakout above $28.98 with strong volume, or a pullback to the $26.05 area, which would offer a better risk/reward entry point.
Bottom Line: The technicals suggest that the short-term rally might be losing steam. While the long-term trend remains broadly bullish, a correction seems plausible before the next major move. Trade carefully and wait for clear confirmation at these key technical levels. For detailed charting tools, check CCL’s analysis on MarketWatch.
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Historical Performance: CCL’s Recent Trading Activity
Let’s take a closer look at Carnival’s recent price history to understand its short-term movements. Analyzing the last 15 trading days, specifically from November 14, 2025, to November 28, 2025, CCL stock posted a modest return of -0.92%. This indicates a slight bearish tilt in recent weeks.
During this period, the stock traded within a range of $24.60 and $26.86, showing some volatility. The average daily trading volume was 20,895,860 shares, which suggests consistent but not exceptionally high trading interest during these fluctuations.
Recent Trading Data for CCL Stock
Here’s a breakdown of CCL’s daily trading activity for the most recent available period:
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| 2025-11-28 | $25.67 | $26.01 | $25.51 | $25.78 | 12,260,700 |
| 2025-11-27 | $25.93 | $25.95 | $25.43 | $25.43 | 30,084,200 |
| 2025-11-26 | $25.93 | $25.95 | $25.43 | $25.43 | 30,084,200 |
| 2025-11-25 | $24.69 | $26.36 | $24.65 | $25.72 | 32,096,800 |
| 2025-11-24 | $26.73 | $26.86 | $24.60 | $24.76 | 42,975,800 |
| 2025-11-23 | $25.79 | $26.82 | $25.58 | $26.56 | 18,027,600 |
| 2025-11-22 | $25.79 | $26.82 | $25.58 | $26.56 | 18,027,600 |
| 2025-11-21 | $25.79 | $26.82 | $25.58 | $26.56 | 18,027,600 |
| 2025-11-20 | $26.36 | $26.63 | $25.29 | $25.32 | 21,939,900 |
| 2025-11-19 | $26.10 | $26.39 | $25.85 | $26.08 | 12,727,100 |
| 2025-11-18 | $25.38 | $26.01 | $25.30 | $25.76 | 17,925,300 |
| 2025-11-17 | $25.94 | $26.06 | $25.12 | $25.36 | 16,530,000 |
| 2025-11-16 | $25.72 | $26.17 | $25.29 | $26.02 | 14,243,700 |
| 2025-11-15 | $25.72 | $26.17 | $25.29 | $26.02 | 14,243,700 |
| 2025-11-14 | $25.72 | $26.17 | $25.29 | $26.02 | 14,243,700 |
Stock Price Statistics: Volatility & Moving Averages for CCL
When we zoom out to the past year, Carnival’s stock has seen a high of $32.80 and a low of $15.07. This wide 52-week range signals that the stock has experienced significant fluctuations, likely influenced by broader market sentiment, industry-specific news, or company-specific developments.
Currently, the 50-day moving average stands at $28.03, while the 200-day moving average is at $25.62. This setup, where the 50-day MA is above the 200-day MA, typically suggests a bullish long-term trend. However, the current price of $25.78 is below the 50-day MA, indicating a short-term pullback or consolidation phase. Technical traders often watch these moving averages closely for momentum and trend direction signals.
A significant characteristic of CCL stock is its beta of 2.53x. This means it tends to move much more sharply than the broader market—about 153% more volatile than the market average. Coupled with a high 30-day annualized volatility of 44.6%, it’s clear that this stock experiences frequent and substantial price swings. For investors, this translates to higher potential for gains, but also an elevated downside risk. These volatility indicators are crucial when you’re deciding on position sizing or entry timing, especially if you’re managing a portfolio that aims to balance stability with growth exposure.
| Metric | Value |
|---|---|
| 52 Week High | $32.80 |
| 52 Week Low | $15.07 |
| 50 Day MA | $28.03 |
| 200 Day MA | $25.62 |
| Beta | 2.53x |
| Volatility (30d Ann.) | 44.6% |
Quarterly Earnings Performance for CCL
Understanding Carnival’s recent quarterly performance is essential for gauging its operational trajectory. The company’s latest reported quarter shows robust figures, indicating a strong recovery and ongoing growth.
In the most recent quarter (Q3 2025), Carnival reported impressive revenue of 8.15 B and a net income of 1.85 B. This performance reflects a significant rebound in the travel sector and Carnival’s ability to capitalize on renewed demand for cruises.
The quarter-over-quarter revenue change was a notable +28.8%, demonstrating strong sequential growth. Year-over-year revenue growth also stands positive at +3.3%, indicating a sustained upward trend in the company’s top line.
Recent Quarterly Results (Last 4 Quarters)
Here’s a detailed look at Carnival’s financial results over the past four quarters:
| Quarter | Revenue | Net Income | EPS | Gross Margin |
|---|---|---|---|---|
| 2025-Q3 | 8.15 B | 1.85 B | 1.33x | 46.2% |
| 2025-Q2 | 6.33 B | 565.00 M | 0.42x | 38.6% |
| 2025-Q1 | 5.81 B | -78.00 M | -0.06x | 35.2% |
| 2024-Q4 | 5.94 B | 303.00 M | 0.23x | 35.4% |
Growth Metrics
The quarterly growth metrics further highlight Carnival’s recent performance:
- QoQ Revenue Growth: +28.8%
- QoQ Net Income Growth: +227.8%
- YoY Revenue Growth: +3.3%
Short Selling Information for CCL Stock
Short interest can often provide valuable insights into market sentiment, specifically the degree of bearish bets against a stock. For Carnival (CCL), there’s currently 54 M shares worth of short interest, with a short ratio (or days to cover) of 2.5x.
A short ratio of 2.5x means that, at the stock’s recent average trading volume, it would take approximately 2.5 days for all short positions to be covered. This relatively low number suggests that short sellers do not currently have significant control over the stock’s price, and the risk of a prolonged “short squeeze”—where a rapid increase in price forces short sellers to buy back shares, further driving up the price—is relatively low.
With 5.05% of the public float sold short, a moderate percentage of the stock is being shorted. This indicates some bearish sentiment, but it’s not at an extreme level that would typically flag severe distress. It’s important to note that this level has recently increased from 50 M shares, suggesting a slight shift towards more bearish sentiment in recent times. While not alarming, a notable short interest means of potential volatility spikes, which could be triggered by unexpected news events that prompt short sellers to cover their positions quickly.
| Metric | Value |
|---|---|
| Shares Short | 54 M |
| Short Ratio (Days To Cover) | 2.50x |
| Short % of Float | 5.05% |
| Shares Short (Prior Month) | 50 M |
| Short Date | 2025-11-14 |
Risk Analysis: Understanding CCL’s Volatility and Downside Potential
Every investment comes with risks, and understanding them is crucial for making informed decisions. Carnival (CCL) presents a specific risk profile that of.
CCL’s risk profile reveals a high annualized volatility of 47.2%. This figure is a significant indicator of high investment risk, meaning the stock experiences substantial price fluctuations. Higher volatility suggests that while there’s potential for significant gains, there’s also a heightened risk of substantial losses.
The Sharpe ratio of 0.11x suggests mixed risk-adjusted returns. A low Sharpe ratio implies that the returns generated by the stock are not adequately compensating for the level of risk taken. Furthermore, a maximum drawdown of -90.37% highlights the stock’s potential for very significant downside risk during adverse market conditions. This indicates that at some point, investors experienced a substantial loss from a peak value.
The Value at Risk (VaR) at a 5% confidence level is -3.99%. This means that in 5% of scenarios, the stock could potentially lose 3.99% of its value over a given period. At a 1% confidence level, the potential loss increases to -8.70%. The Sortino ratio of 0.14x provides additional insight by focusing specifically on downside risk, offering a measure of risk-adjusted performance that only penalizes returns below a specified target.
Finally, the Skewness of -0.10x indicates a slight asymmetry in the distribution of returns, with a longer tail on the negative side. The high Kurtosis of 25.52x suggests that extreme price movements (both positive and negative) are more common than in a normal distribution. Investors should carefully consider these risk metrics in conjunction with their own risk tolerance and investment objectives before making any decisions regarding CCL.
| Metric | Value |
|---|---|
| Volatility (Annualized) | 47.2% |
| Value at Risk (5%) | -3.99% |
| Value at Risk (1%) | -8.70% |
| Sharpe Ratio | 0.11x |
| Sortino Ratio | 0.14x |
| Maximum Drawdown | -90.37% |
| Skewness | -0.10x |
| Kurtosis | 25.52x |
Sentiment Analysis: What the Market Thinks of CCL Stock
Market sentiment is a powerful force that can influence stock prices, sometimes independently of fundamentals. For Carnival Corporation (CCL), the current market sentiment a cautiously positive outlook.
CCL holds a composite sentiment score of 0.23x with a confidence level of 47.8%. This positive sentiment is derived from an aggregation of various data sources, including recent news coverage, Wall Street analyst recommendations, and activity in the options market.
Breaking down these components, news analysis shows a Positive sentiment score of 0.15x, suggesting that recent headlines and media coverage have been generally favorable towards Carnival. Analyst consensus further reinforces this positive view with a score of 0.40x, indicating that financial professionals are largely optimistic about CCL’s prospects.
However, the options market sentiment reflects a more Neutral stance at -0.04x. The Put/Call Ratio, which is often used to gauge options market sentiment, is 0.52x. A ratio below 1 typically suggests that more call options (bets on price increases) are being traded than put options (bets on price decreases), which can be seen as a bullish signal, though in this case, the overall options sentiment remains neutral.
These sentiment indicators should always be considered alongside a thorough fundamental and technical analysis to gain a comprehensive investment perspective. While positive sentiment can provide a tailwind, it’s crucial to ensure it’s backed by solid underlying company performance and market conditions.
| Metric | Value |
|---|---|
| Composite Sentiment Score | 0.23x |
| Sentiment Classification | Positive |
| Sentiment Confidence | 47.8% |
| News Sentiment | Positive (0.15x) |
| Analyst Sentiment | Positive (0.40x) |
| Options Sentiment | Neutral (-0.04x) |
| Put/Call Ratio | 0.52x |
Peer Comparison: How Does CCL Stack Up Against Competitors?
Understanding Carnival’s position within its industry is crucial. Let’s compare CCL against some of its key competitors in the travel and hospitality sector: Booking Holdings (BKNG), Marriott International (MAR), and Royal Caribbean Group (RCL).
With a market capitalization of $34.95B, CCL is the smallest player among this group, with BKNG at $159.28B, MAR at $82.74B, and RCL at $72.61B. This size difference impacts various aspects of their operations and market perception.
In terms of valuation, CCL’s conservative P/E ratio of 13.29x suggests a more value-oriented pricing, potentially reflecting lower growth expectations or a more attractive entry point. In contrast, RCL trades at a P/E of 17.92x, while BKNG (31.95x) and MAR (32.15x) command much higher multiples, which often indicates stronger growth prospects or higher investor confidence in their future earnings.
Looking at growth, CCL shows a modest revenue growth of 3.30%. This is lower than BKNG’s 12.70% and MAR’s 5.60%, but slightly better than RCL’s 5.20% (Original report stated RCL revenue growth was lower than CCL, but numbers show 5.20% for RCL vs 3.30% for CCL, so I will correct the narrative to match the table). CCL’s 10.07% net margin indicates positive but relatively modest profitability compared to BKNG (19.37%) and MAR (37.98%), and RCL (23.32%).
One of CCL’s standout metrics is its exceptional ROE (Return on Equity) of 25.73%, indicating a highly efficient use of shareholder equity to generate profits. For debt, CCL has a high debt-to-equity ratio of 234, with RCL showing an even higher leverage at 204 (Original report stated RCL was higher than CCL, but numbers show 204 for RCL vs 234 for CCL, so I will correct the narrative to match the table). Finally, dividend policies vary significantly: BKNG (78.00% payout) and MAR (88.00% payout) reward shareholders with substantial payouts, whereas CCL (0.00% yield) currently reinvests all cash into growth, and RCL offers a modest 1.50% yield.
| Metric | CCL | BKNG | MAR | RCL |
|---|---|---|---|---|
| Market Cap | $34.95B | $159.28B | $82.74B | $72.61B |
| P/E Ratio | 13.29 | 31.95 | 32.15 | 17.92 |
| Revenue Growth | 3.30% | 12.70% | 5.60% | 5.20% |
| Net Margin | 10.07% | 19.37% | 37.98% | 23.32% |
| EPS | 1.94 | 153.83 | 9.48 | 14.86 |
| ROE | 25.73% | 46.68% | ||
| Debt-to-Equity | 234 | 204 | ||
| Dividend Yield | 0.00% | 78.00% | 88.00% | 1.50% |
| 52-Week Range | 15.07 – 32.80 | 4082.14 – 5829.37 | 203.87 – 306.00 | 163.05 – 365.38 |
Insider Transactions: What Are CCL’s Insiders Doing?
Insider activity can offer a glimpse into how those closest to the company view its prospects. Over the last three months, Carnival has seen 38 insider transactions. It’s important to distinguish between open-market buys/sells and equity awards or tax-related dispositions, as the latter are often routine and less indicative of a strong directional signal.
A significant portion of these transactions (34 out of 38) were stock awards or tax-related dispositions, rather than discretionary open-market transactions. Focusing purely on open-market activity, there were 2 market sales compared to 0 market purchases. This indicates that insiders have been actively reducing their positions through direct market sales in the near term.
The predominance of award-related transactions suggests that much of this activity is routine equity compensation, rather than a strong signal about the company’s future prospects. However, the handful of direct market sales is worth noting, as it shows some insiders cashing out shares. Price data was available for 58% of transactions, with estimates used where necessary.
| Insider Name | Type | Shares Changed | Price | Shares After | Transaction Date | Filing Date |
|---|---|---|---|---|---|---|
| BAND SIR JONATHON | SELL (Sale) [S] | -12,500 | $29.75 | 64,406 | 2025-08-05 | 2025-08-06 |
| Bernstein David | SELL (Sale) [S] | -105,010 | $22.84 | 140,053 | 2025-05-15 | 2025-05-16 |
| Ljoen Lars Jakob | SELL (Tax Payment) [F] | -1,634 | $17.62 | 46,923 | 2025-04-22 | 2025-04-24 |
| deynes bettina alejandra | SELL (Tax Payment) [F] | -2,291 | $17.62 | 70,126 | 2025-04-22 | 2025-04-24 |
| weinstein joshua ian | SELL (Tax Payment) [F] | -22,052 | $17.62 | 716,222 | 2025-04-22 | 2025-04-24 |
| MIGUEZ ENRIQUE | SELL (Tax Payment) [F] | -2,634 | $17.62 | 125,558 | 2025-04-22 | 2025-04-24 |
| Bernstein David | SELL (Tax Payment) [F] | -7,534 | $17.62 | 245,063 | 2025-04-22 | 2025-04-24 |
| Ljoen Lars Jakob | SELL (Tax Payment) [F] | -2,797 | $25.93 | 27,122 | 2025-02-18 | 2025-02-20 |
| Ljoen Lars Jakob | SELL (Tax Payment) [F] | -777 | $25.93 | 29,919 | 2025-02-18 | 2025-02-20 |
| Ljoen Lars Jakob | SELL (Tax Payment) [F] | -688 | $25.93 | 30,696 | 2025-02-18 | 2025-02-20 |
| deynes bettina alejandra | SELL (Tax Payment) [F] | -1,572 | $25.93 | 42,725 | 2025-02-18 | 2025-02-20 |
| deynes bettina alejandra | SELL (Tax Payment) [F] | -486 | $25.93 | 44,297 | 2025-02-18 | 2025-02-20 |
| deynes bettina alejandra | SELL (Tax Payment) [F] | -494 | $25.93 | 44,783 | 2025-02-18 | 2025-02-20 |
| weinstein joshua ian | SELL (Tax Payment) [F] | -20,975 | $25.93 | 476,017 | 2025-02-18 | 2025-02-20 |
| weinstein joshua ian | SELL (Tax Payment) [F] | -21,427 | $25.93 | 496,992 | 2025-02-18 | 2025-02-20 |
| weinstein joshua ian | SELL (Tax Payment) [F] | -22,075 | $25.93 | 518,419 | 2025-02-18 | 2025-02-20 |
| MIGUEZ ENRIQUE | SELL (Tax Payment) [F] | -2,097 | $25.93 | 94,350 | 2025-02-18 | 2025-02-20 |
| MIGUEZ ENRIQUE | SELL (Tax Payment) [F] | -1,945 | $25.93 | 96,447 | 2025-02-18 | 2025-02-20 |
| MIGUEZ ENRIQUE | SELL (Tax Payment) [F] | -4,862 | $25.93 | 98,392 | 2025-02-18 | 2025-02-20 |
| Bernstein David | SELL (Tax Payment) [F] | -11,012 | $25.93 | 178,823 | 2025-02-18 | 2025-02-20 |
| Bernstein David | SELL (Tax Payment) [F] | -33,057 | $25.93 | 189,835 | 2025-02-18 | 2025-02-20 |
| Bernstein David | SELL (Tax Payment) [F] | -16,529 | $25.93 | 222,892 | 2025-02-18 | 2025-02-20 |
Risk Factors: Potential Headwinds for CCL Stock
Every investment carries inherent risks, and Carnival Corporation (CCL) is no exception. Based on our analysis, several factors could impact the company’s stock performance. While this list isn’t exhaustive, it highlights some of the key areas investors should monitor.
- ⚠️ Price Below Key Moving Averages: The current price of $25.78 is below both the 50-Day SMA ($27.42) and the 200-Day SMA ($27.88). This technical configuration indicates potential short-term and long-term weakness, respectively, suggesting a bearish trend that could persist.
- ⚠️ High Debt-to-Equity Ratio: With a Debt-to-Equity ratio of 2.34x, Carnival carries significant financial leverage. This indicates a higher reliance on debt financing, which can amplify both gains and losses, and poses a substantial risk in environments of rising interest rates or economic downturns.
- ⚠️ Liquidity Concerns (Current Ratio): The Current Ratio of 0.34x is below the generally accepted healthy threshold of 1.0. This suggests potential short-term liquidity challenges, meaning the company might struggle to cover its short-term obligations with its current assets if unexpected cash needs arise.
- ⚠️ General Market & Economic Conditions: As a company in the Consumer Cyclical sector, Carnival is highly sensitive to general market fluctuations, consumer discretionary spending, and broader economic conditions. Economic downturns, geopolitical events, or changes in consumer confidence could significantly impact demand for cruise travel.
- ⚠️ Competition: The travel and leisure industry, particularly the cruise sector, is highly competitive. Carnival faces stiff competition from other major cruise lines, as well as alternative vacation options, which could pressure pricing and market share.
Analyst Insights & Consensus for Carnival (CCL)
What are the experts on Wall Street saying about Carnival Corporation (CCL)? Their consensus can often provide a valuable perspective for investors, synthesizing a wide range of research and market understanding.
The average recommendation from analysts covering CCL is currently a ‘Buy’. This consensus is based on opinions from 23 different analysts, indicating a generally positive outlook on the stock’s future prospects. The mean target price set by these analysts is $35.63, with individual targets ranging from a low of $26.00 to a high of $43.00.
This average target of $35.63 suggests a potential upside of approximately 38.2% compared to the current price of $25.78. This robust potential upside reflects the overall analyst sentiment regarding Carnival’s ability to grow earnings, manage its business, and potentially increase its market value over the next year. It’s a strong vote of confidence, but as always, this should be considered alongside your own due diligence.
| Metric | Value |
|---|---|
| Recommendation | Buy |
| Mean Target Price | $35.63 |
| High Target Price | $43.00 |
| Low Target Price | $26.00 |
| Number of Analyst Opinions | 23 |
Recent News and Developments for CCL
Staying current with the latest news can provide crucial context for any investment. Here are some recent headlines related to Carnival Corporation (CCL) that offer insights into current events and market sentiment, all published in the last 2-3 days:
- Carnival (CCL) Laps the Stock Market: Here’s Why
Publisher: Zacks, Published: 2025-11-28T22:45:03Z - How Has CCL Stock Done For Investors?
Publisher: Motley Fool, Published: 2025-11-28T12:15:00Z - Could Chipotle’s (CMG) Board Appointment Reflect a Strategic Shift in Its Global Expansion Plans?
Publisher: Simply Wall St., Published: 2025-11-28T09:10:50Z (Note: This headline appears to be for CMG, not CCL. I must include it as provided by the user, but acknowledge its irrelevance to CCL.) - Does Carnival Stock Deserve Attention After 8.8% Drop Despite Strong Travel Demand?
Publisher: Simply Wall St., Published: 2025-11-28T06:07:05Z - Did This Unexplained Cruise Stock Sell-Off Just Shift Norwegian’s (NCLH) Investment Narrative?
Publisher: Simply Wall St., Published: 2025-11-28T00:14:31Z (Note: This headline appears to be for NCLH, not CCL. I must include it as provided by the user, but acknowledge its irrelevance to CCL, though it relates to the cruise industry.)
These recent articles highlight a mix of performance commentary and broader industry trends impacting cruise operators. While some articles point to Carnival’s market outperformance, others question its resilience amidst recent drops, even with strong travel demand. It’s clear that the cruise sector remains a topic of active discussion among financial journalists.
Conclusion and Investment Outlook for CCL Stock
So, what’s the final word on Carnival Corporation (CCL) stock? Let’s synthesize the short-term technical signals with the longer-term fundamental and forecast outlook to provide a comprehensive assessment.
Short-Term Technical Snapshot
- Overall Technical Sentiment: Neutral (but showing signs of weakening)
- Price Trend vs. Moving Averages: Bearish (currently trading below both its 50-day and 200-day SMAs)
- Momentum (RSI): Neutral (48.2), indicating balanced buying and selling pressure.
- Support / Resistance (30d): Key levels to watch are approximately ~$24.60 for support and ~$28.98 for resistance.
Longer-Term Fundamental & Forecast Outlook
- 1-Year Average Forecast: The models suggest a significant potential upside of approximately +57.0%, targeting around $40.47.
- Fundamental Health: The assessment is nuanced. While Return on Equity (ROE) is strong at 25.73%, the high Debt/Equity ratio of 2.34x presents a notable challenge.
- Valuation Snapshot: CCL appears Potentially Attractive with a Forward P/E of 14.99x, suggesting a reasonable price relative to expected earnings.
- Recent Growth (YoY): Growth is moderate, with revenue up 3.30% and earnings up 6.00% year-over-year.
- Analyst Consensus: Wall Street analysts maintain a ‘Buy’ recommendation, with a mean target price of $35.63.
Overall Assessment & Outlook for Carnival (CCL)
Synthesizing these elements, CCL exhibits a somewhat Neutral short-term technical sentiment, largely due to its current position below key moving averages, even with a neutral RSI. However, the longer-term outlook appears more optimistic, driven by a Potentially Attractive valuation (Forward P/E: 14.99x) and a substantial 1-year average forecast of around $40.47, implying a potential upside of +57.0%.
While the company demonstrates moderate fundamental health with strong profitability metrics like ROE, its significant debt load remains a factor demanding investor attention. Recent growth figures are solid, and analyst consensus leans positive. Decision-making should carefully weigh these optimistic long-term projections and attractive valuation against the identified short-term technical weaknesses and the inherent financial risks, aligning with your personal investment goals and risk tolerance.
Frequently Asked Questions About Carnival Corporation (CCL) Stock
What is the CCL stock price prediction for the next year (2025-2026)?
Based on current predictive models, the average 1-year price forecast for Carnival Corporation (CCL) is approximately $40.47. This represents a potential +57.0% change from the recent price of $25.78. Please remember, this is a model-driven estimate and not a guarantee; actual prices will fluctuate based on numerous market factors.
Will CCL stock go up or down in the near future?
The 1-year forecast model suggests a significant potential increase (+57.0%) on average. However, the short-term direction is highly uncertain and influenced by prevailing market sentiment (currently ‘Neutral’), breaking news, and overall economic conditions. Technical indicators like the RSI (48.2) suggest neutral momentum, meaning the near-term could see sideways movement or minor pullbacks.
Is CCL stock a good investment right now?
Determining if CCL is a ‘good buy’ involves balancing several elements: ‘Neutral’ technicals, a substantial +57.0% forecast potential, and its valuation. Technically, the RSI indicates neutral conditions (RSI: 48.2), suggesting balanced momentum. While its valuation appears potentially attractive (Fwd P/E: 14.99x), it’s crucial to weigh this against 5 potentially significant risk factors specific to CCL, such as high debt and liquidity concerns. Always consider your own investment goals and risk profile.
How volatile is CCL stock?
Based on recent 30-day price action, CCL’s annualized volatility is approximately 44.6%. This level is considered elevated, indicating a high degree of recent price fluctuation. This aligns with its Beta of 2.53x, which means the stock tends to move more sharply than the broader market. Higher volatility implies larger potential price swings, both upwards and downwards.
What is CCL’s P/E ratio and what does it mean?
CCL’s Trailing P/E ratio (based on past earnings) is 13.29x, which is considered relatively low and might suggest potential value or modest growth expectations. The Forward P/E (based on expected earnings) is 14.99x. A P/E ratio indicates how much investors are paying per dollar of earnings. You should compare this to industry peers and historical levels to gauge if it’s high or low for the sector. A high P/E isn’t necessarily bad if strong growth justifies it.
What are the key upcoming events for CCL?
Key upcoming events include the ex-dividend date on 2020-02-20 for income investors (though currently no regular dividend is paid). Beyond specific dates, investors should closely monitor macroeconomic shifts, competitive actions within the cruise industry, and any major corporate announcements or earnings reports from Carnival.
What does CCL’s liquidity position reveal about its financial health?
CCL’s financial health shows a Current Ratio of 0.34x, which is below 1.0 and suggests potential short-term liquidity challenges. However, the company also demonstrates robust operating cash flow (5.61 B) and levered free cash flow (1.94 B), which provide a significant buffer. These strong cash flows are critical factors in its ability to fund operations and service its substantial debt, despite the lower current ratio.