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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's Debt to Equity history spans 18 years, with the latest figure at $1.94 for Q1 2026.

  • For Q1 2026, Debt to Equity fell 34.13% year-over-year to $1.94; the TTM value through Feb 2026 reached $1.94, down 34.13%, while the annual FY2025 figure was $2.17, 26.98% down from the prior year.
  • Debt to Equity reached $1.94 in Q1 2026 per CCL's latest filing, down from $2.17 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $5.66 in Q1 2023 to a low of $1.94 in Q1 2026.
  • Average Debt to Equity over 5 years is $3.67, with a median of $3.72 recorded in 2022.
  • Peak YoY movement for Debt to Equity: skyrocketed 141.67% in 2022, then tumbled 36.74% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $4.55 in 2022, then fell by 2.39% 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.
  • Per Business Quant, the three most recent readings for CCL's Debt to Equity are $1.94 (Q1 2026), $2.17 (Q4 2025), and $2.22 (Q3 2025).