Carnival Corporation CCL
22.25
0.46
2.11%
as of 25 Sep
- Market cap
- $30.1B
- P/E
- 9.6×
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Carnival Corporation (CCL) Debt to equity
Carnival Corporation's debt to equity at the end of the quarter to 31 May 2026 was 1.9×, down 0.3× from fiscal 2025 (2.2×). Over the past ten years it has ranged from 0.4× (fiscal 2017) to 4.9× (fiscal 2022); the current reading is higher than 64% of that period. That is above the Travel Services industry median of 0.3× and above the Consumer Cyclical sector median of 0.2×.
Debt to equity, annual
Annual
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 2.2× | (26.97%) |
| FY2024 | 3.0× | (33.15%) |
| FY2023 | 4.4× | (8.62%) |
| FY2022 | 4.9× | 93.97% |
| FY2021 | 2.5× | 115.80% |
| FY2020 | 1.2× | 161.34% |
| FY2019 | 0.4× | 14.65% |
| FY2018 | 0.4× | 7.76% |
| FY2017 | 0.4× | (9.10%) |
| FY2016 | 0.4× | 7.41% |
Quarterly
| Period | Debt to equity | Change |
|---|---|---|
| May 2026 | 1.9× | (1.09%) |
| Feb 2026 | 1.9× | (10.63%) |
| Nov 2025 | 2.2× | (2.32%) |
| Aug 2025 | 2.2× | (18.48%) |
| 42 more quarters | Free account |
Against its own ten years
Low 0.4×
High 4.9×
Ten-year median
1.2×
Current reading's percentile
64
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| BKNG Booking Holdings Inc. compare | −1.9× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 0.2× |
| ABNB Airbnb, Inc. compare | 0.3× |
| GBTG Global Business Travel Group, Inc. compare | 0.9× |
| CCL Carnival Corporation | 1.9× |
| RCL Royal Caribbean Cruises Ltd. compare | 2.2× |
| EXPE Expedia Group, Inc. compare | 2.2× |
| VIK Viking Holdings Ltd. compare | 3.7× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 5.8× |
| Travel Services industry median | 0.3× |
| Consumer Cyclical sector median | 0.2× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on CCL
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement