Carnival (CCL) Debt Ratio (2009 - 2026)

Carnival's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.48 for Q2 2026.

• Quarterly Debt Ratio fell 16.95% year-over-year to 0.48 in Q2 2026, while the trailing twelve-month figure through May 2026 was 0.48 (down 16.95% YoY) and the FY2025 annual result came in at 0.52, down 7.97% from the prior year.
• Debt Ratio was 0.48 for Q2 2026 at Carnival, down from 0.53 in the prior quarter.
• Across five years, Debt Ratio topped out at 0.73 in Q3 2022 and bottomed at 0.48 in Q2 2026.
• A 5-year average of 0.61 and a median of 0.61 in 2022 frame the typical range for Debt Ratio.
• Annual changes were most pronounced in 2022 — Debt Ratio surged 39.54% — and 2025, when it dropped 18.56%.
• Carnival's Debt Ratio stood at 0.66 in 2022, then dropped by 6.31% to 0.62 in 2023, then retreated by 10.02% to 0.56 in 2024, then dropped by 7.97% to 0.52 in 2025, then fell by 7.54% to 0.48 in 2026.
• Business Quant data shows CCL's Debt Ratio at 0.48 in Q2 2026, 0.53 in Q1 2026, and 0.52 in Q4 2025.