Carnival (CCL) Interest Coverage Ratio (2009 - 2026)
Carnival (CCL) posted Interest Coverage Ratio of 1.25 for Q2 2026, up 46.79% on a QoQ basis from 0.85 in Q1 2026, and down 54.38% year-over-year from 2.74 in Q2 2025.
Carnival (CCL) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Carnival's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 1.25 for 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 146.75% YoY) and the FY2025 annual result came in at 3.32, up 63.18% from the prior year.
- Interest Coverage Ratio was 1.25 for Q2 2026 at Carnival, up from 0.85 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 3.21 in Q3 2025 and bottomed at 4.05 in Q1 2022.
- A 5-year average of 0.49 and a median of 0.84 in 2023 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 slumped 54.38%.
- Carnival's Interest Coverage Ratio stood at 2.53 in 2022, then soared by 132.53% to 0.82 in 2023, then jumped by 68.93% to 1.39 in 2024, then soared by 67.62% to 2.33 in 2025, then slumped by 46.44% to 1.25 in 2026.
- Business Quant data shows CCL's Interest Coverage Ratio at 1.25 in Q2 2026, 0.85 in Q1 2026, and 2.33 in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 4.67 |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 3.63 |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 0.52 |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 4.85 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -12.55 |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 1.25 |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 1.27 |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 57.59 |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 2.43 |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 0.11 |
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 | 1.39 |
| 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 | -2.53 |
| 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 |