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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Carnival (CCL) Debt to Equity (2016 - 2026)

Carnival filings provide 18 years of Debt to Equity readings, the most recent being $1.94 for Q1 2026.

  • On a quarterly basis, Debt to Equity fell 34.13% to $1.94 in Q1 2026 year-over-year; TTM through Feb 2026 was $1.94, a 34.13% decrease, with the full-year FY2025 number at $2.17, down 26.98% from a year prior.
  • Debt to Equity hit $1.94 in Q1 2026 for Carnival, down from $2.17 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $5.75 in Q2 2023 to a low of $1.94 in Q1 2026.
  • Median Debt to Equity over the past 5 years was $3.72 (2022), compared with a mean of $3.68.
  • Biggest five-year swings in Debt to Equity: skyrocketed 137.79% in 2022 and later crashed 36.74% in 2025.
  • Carnival's Debt to Equity stood at $4.86 in 2022, then fell by 8.62% to $4.44 in 2023, then plummeted by 33.15% to $2.97 in 2024, then dropped by 26.98% to $2.17 in 2025, then fell by 10.63% to $1.94 in 2026.
  • The last three reported values for Debt to Equity were $1.94 (Q1 2026), $2.17 (Q4 2025), and $2.22 (Q3 2025) per Business Quant data.