Carnival (CCL) Interest Coverage Ratio (2009 - 2026)
Carnival's (CCL) quarterly Interest Coverage Ratio came in at 1.25 in Q2 2026, down 54.38% YoY from 2.74 in Q2 2025, and up 46.79% on a QoQ basis from 0.85 in Q1 2026.
Carnival (CCL) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Carnival (CCL) has 18 years of Interest Coverage Ratio data on file, last reported at 1.25 in Q2 2026.
- Quarterly Interest Coverage Ratio fell 54.38% year-over-year to 1.25 in Q2 2026, while the trailing twelve-month figure through May 2026 was 6.56 (up 122.65% YoY) and the FY2025 annual result came in at 3.32, up 63.18% from the prior year.
- Interest Coverage Ratio climbed to 1.25 in Q2 2026, from 0.85 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 3.21 in Q3 2025 to a low of 4.05 in Q1 2022.
- A 5-year average of 0.74 and a median of 0.93 in 2022 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2023 — Interest Coverage Ratio surged 638.26% — and 2026, when it tumbled 54.38%.
- Tracing CCL's Interest Coverage Ratio over 5 years: stood at 1.01 in 2022, then decreased by 18.61% to 0.82 in 2023, then jumped by 174.51% to 2.26 in 2024, then gained by 3.15% to 2.33 in 2025, then plunged by 46.44% to 1.25 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.25 (Q2 2026), 0.85 (Q1 2026), and 2.33 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 8.28 |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 3.97 |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 5.54 |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 10.00 |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 1.25 |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 13.11 |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | -33.50 |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 15.97 |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 1.25 |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 0.75 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 1.25 |
| Feb 28, 2026 | 0.85 |
| Nov 30, 2025 | 2.33 |
| Aug 31, 2025 | 3.21 |
| May 31, 2025 | 2.74 |
| Feb 28, 2025 | 1.44 |
| Nov 30, 2024 | 2.26 |
| Aug 31, 2024 | 2.76 |
| May 31, 2024 | 0.68 |
| Feb 29, 2024 | 0.34 |
| Nov 30, 2023 | 0.82 |
| Aug 31, 2023 | 2.04 |
| May 31, 2023 | 0.15 |
| Feb 28, 2023 | -0.21 |
| Nov 30, 2022 | 1.01 |
| Aug 31, 2022 | -0.38 |
| May 31, 2022 | -3.98 |
| Feb 28, 2022 | -4.05 |
| Nov 30, 2021 | -5.44 |
| Aug 31, 2021 | -4.92 |