Carnival (CCL) Debt Ratio (2009 - 2026)

Carnival has reported Debt Ratio for 18 years, with the latest figure at 0.49 in Q1 2026.

• For the quarter ending Q1 2026, Debt Ratio fell 11.9% year-over-year to 0.49; the trailing twelve-month figure through Feb 2026 stood at 0.49 (down 11.9% YoY), and the FY2025 full-year result was 0.52, down 7.97% from the prior year.
• Debt Ratio for Q1 2026 stood at 0.49, down from 0.52 in the prior quarter.
• The five-year high for Debt Ratio was 0.66 in Q4 2022, with the low at 0.49 in Q1 2026.
• Historically, Debt Ratio has averaged 0.58 across 5 years, with a median of 0.59 in 2023.
• Annual changes were most pronounced in 2022 — Debt Ratio increased 22.27% — and 2026, when it retreated 11.9%.
• Carnival's Debt Ratio stood at 0.66 in 2022, then decreased by 6.31% to 0.62 in 2023, then declined by 10.02% to 0.56 in 2024, then decreased by 7.97% to 0.52 in 2025, then decreased by 4.85% to 0.49 in 2026.
• The last three Debt Ratio figures came in at 0.49 (Q1 2026), 0.52 (Q4 2025), and 0.52 (Q3 2025), per Business Quant data.