Carnival plc risk profile
28 Normal where most of the sector sits
Measured 1 September 2026 from CUK's filed statements. Recomputed nightly.
28 (Normal), driven by Leverage and coverage at 59, over 5 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 45 | Elevated | Volatile | One-year price volatility — 48.9% |
| Operating pressure | 18 | Contained | Worsening | Costs outgrowing revenue — -3.2 percentage points |
| Cash conversion | 25 | Normal | Easing | Capital spending against operating cash — 0.58x |
| Leverage and coverage | 59 | Elevated | Easing | Net debt to EBITDA — 3.77x |
| Competitive position | 20 | Normal | Stable | Operating-margin gap against peers — +6.0 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.