If you’re thinking of booking a cruise for your next vacation, you might be interested in knowing which cruise line has the most debt. Debt can affect a company’s financial stability and its ability to provide quality services to its customers. In this article, we’ll take a closer look at some of the major players in the cruise industry and their debt levels.
Carnival Corporation
Carnival Corporation is the largest cruise company in the world, with a fleet of over 100 ships and nine different brands, including Carnival Cruise Line, Princess Cruises, and Holland America Line. However, this massive company also has a significant amount of debt. As of February 2021, Carnival Corporation had a total debt of $24.4 billion.
Royal Caribbean Group
Royal Caribbean Group is another major player in the cruise industry, with 28 ships under its brand names like Royal Caribbean International and Celebrity Cruises. According to recent financial reports, Royal Caribbean had a total debt of $17.8 billion as of December 2020.
Norwegian Cruise Line Holdings
Norwegian Cruise Line Holdings is the parent company of Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. This company had a total debt of $11.5 billion as of December 2020.
Conclusion
In conclusion, while Carnival Corporation has the highest amount of debt among these three major cruise companies with $24.4 billion dollars as of February 2021; Royal Caribbean Group is following closely behind with $17.8 billion dollars as of December 2020. Norwegian Cruise Line Holdings comes in third with $11.5 billion dollars as of December 2020.
It’s important to note that while these companies have high levels of debt, they also have substantial assets and cash flows that allow them to continue operating and providing quality services to their customers. As a consumer, it’s essential to do your research on the financial stability of any company you plan to do business with, including cruise lines.
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