KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginInterest 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 - 2025)

Carnival (CCL) has disclosed Debt to Equity for 17 consecutive years, with $2.17 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity fell 26.98% year-over-year to $2.17, compared with a TTM value of $2.17 through Nov 2025, down 26.98%, and an annual FY2025 reading of $2.17, down 26.98% over the prior year.
  • Debt to Equity was $2.17 for Q4 2025 at Carnival, down from $2.22 in the prior quarter.
  • Across five years, Debt to Equity topped out at $5.75 in Q2 2023 and bottomed at $1.43 in Q1 2021.
  • Average Debt to Equity over 5 years is $3.41, with a median of $3.26 recorded in 2024.
  • The sharpest move saw Debt to Equity skyrocketed 190.19% in 2021, then tumbled 36.74% in 2025.
  • Year by year, Debt to Equity stood at $2.58 in 2021, then soared by 88.62% to $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.
  • Business Quant data shows Debt to Equity for CCL at $2.17 in Q4 2025, $2.22 in Q3 2025, and $2.72 in Q2 2025.