Ratios
Debt to asset ratio Debt to equity ratio
2001 51.65% 2001 0.09%
2000 40.29% 2000 0.07%
1999 28.42% 1999 0.04%
1998 40.31% 1998 0.07%
Long-term debt to capital structure Times interest earned
2001 0.05% 2001 8.65
2000 0.04% 2000 24.56
1999 0.01% 1999 22.85
1998 0.04% 1998 7.66
Coverage of fixed charges Current liabilities to equity
2001 8.65 2001 0.00
2000 24.56 2000 0.00
1999 22.85 1999 0.00
1998 7.66 1998 0.00
Debt to Asset Ratio Analysis: This value measures the extent to which borrowed funds have been used to finance the company�s assets. In 1998, the percentage represented roughly 40% and has maintained at or below this level since. In 2001, the debt to asset ratio has increased to roughly 52%. This indicates a ten-percentage point increase in borrowed funds to finance the company�s assets. This is probably due to the invested commitment to build 16 additional cruise ships before 2006. The opportunity during this time rests with building strategic alliances and relationships to ensure the cabin capacity fill rates.
Debt to Asset Ratio Analysis: The extent to which borrowed funds have been used to finance the company�s assets has remained consistent in the last four years with a slight increase in 2001.
2001 2000 1999 1998
Debt to equity ratio 0.09% 0.07% 0.04% 0.07%
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