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Debt is down, but there's a catch.
Debt is a huge problem for Carnival (CCL -0.66%), so it's something investors will be watching closely. The good news is that $1 billion of debt was paid down last quarter. The bad news is the cash came from customer deposits. Travis Hoium digs into the numbers in this video.
*Stock prices used were end-of-day prices of June 26, 2023. The video was published on June 28, 2023.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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