🟥 $CCL (Carnival Corporation) Took on immense debt loads to survive 2020–2021. They’re back to generating solid operating cash flow and positive FCF, but with ~$30B in debt, it will take them well over a decade of steady FCF to completely clear the balance sheet.
🟥
$CCL (Carnival Corporation)
Took on immense debt loads to survive 2020–2021. They’re back to generating solid operating cash flow and positive FCF, but with ~$30B in debt, it will take them well over a decade of steady FCF to completely clear the balance sheet.