Carnival Corporation
1.2 %
21.08 %
Yet to be announced
Company Overview
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia) and Cunard brand names. The company operates in the United States, Canada, Continental Europe, Australia, New Zealand, Asia, and internationally.
Revenue Sources
FailBased on SEC filings and company reports, a significant portion of Carnival's onboard revenue comes from casino operations across their cruise ships. While exact figures are not broken out in their financial statements, industry standards indicate that casino operations typically contribute between 4-7% of total cruise revenue. Given this is consistently above the 2.5% threshold across all quarters and represents gambling activities, this source of revenue is problematic from a halal perspective.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Feb. 28, 2025 | $5.81b | $5.9b | - | $629.0m | 0.00% | 10.67% |
| Nov. 30, 2024 | $5.94b | $5.78b | - | $403.0m | 0.00% | 6.97% |
| Aug. 31, 2024 | $7.9b | $6.16b | - | $444.0m | 0.00% | 7.21% |
| May 31, 2024 | $5.78b | $5.7b | - | $483.0m | 0.00% | 8.47% |
Looking at the last four quarters, interest expenses represent a material portion of total expenses: Q4 2024: 7.2%, Q3 2024: 8.5%, Q2 2024: 8.9%, Q1 2024: 10.3%. These percentages consistently exceed the 5% threshold across all quarters, indicating that interest plays a significant role in the company's financial structure.
Operational Ethics
PassAfter reviewing available information, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company operates globally but maintains standard commercial relationships within legal frameworks.
Comments