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re: Carnival cruise lines

Posted on 3/17/20 at 10:09 pm to
Posted by rintintin
Life is Life
Member since Nov 2008
16203 posts
Posted on 3/17/20 at 10:09 pm to
quote:

They got 26 billion in retained earnings 


Yes that's good, but retained earnings is not a measure of liquidity. By looks of their financial statements they invest most of their earnings back into the company, which is probably out of necessity. They have enormous capital expenditures with their ships.

They're a "large asset" rich company. A few quarters of crummy sales (which is likely) could be painful.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22432 posts
Posted on 3/17/20 at 10:27 pm to
quote:

Yes that's good, but retained earnings is not a measure of liquidity.
It’s owed to the stockholders. Stockholders equity…
Posted by TigerBite
Dallas
Member since Feb 2004
2536 posts
Posted on 3/17/20 at 10:28 pm to
They also have foreign flagged vessels with largely non-U.S. employees. Probably won’t be first in line
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