Will Carnival Stock Continue to Sail in Smooth Waters?

The company benefits from strong demand for cruises, but does that mean investors should buy? The state of Carnival However, the outlook on Carnival's massive debt, which surged during the pandemic when it could not sail, appears more favorable. Its total debt is now around $30 billion, an admittedly huge level, considering its shareholders' equity is only$6.8 billion. Furthermore, Carnival forecasts capacity growth of nearly 5% this year, meaning the company's high debt levels have not prevented it from f ...