Carnival Corporation CCL

22.25 0.46 2.11% as of 25 Sep
Market cap
$30.1B
P/E
9.6×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

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

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)

The full definition of Debt to equity →

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