Carnival (CCL) Interest Coverage Ratio (2009 - 2026)
Carnival's (CCL) Interest Coverage Ratio came in at 7.79 for fiscal Q3 2026 (quarter ended Aug 31, 2026), up 8.7% from 7.16 a year earlier and up 160.9% from the prior quarter.
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Analysis
Carnival (CCL) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 31, 2026, Interest Coverage Ratio at Carnival was 3.75, up 25.2% year-over-year; for FY2025 (ended Nov 30, 2025), it was 3.32, up 63.2% from FY2024.
- In prior fiscal years, Carnival's Interest Coverage Ratio was 2.04 in FY2024 (+115.1%), 0.95 in FY2023, -2.72 in FY2022 and -4.43 in FY2021.
- The fiscal Q3 2026 figure stands as the highest quarterly Interest Coverage Ratio since fiscal Q4 2019.
- On a year-over-year basis, Interest Coverage Ratio has increased in each of the last ten quarters, with growth averaging 63.3% over the last eight quarters.
- The year-over-year growth in Interest Coverage Ratio has ranged between 8.7% (fiscal Q3 2026) and 462.1% (fiscal Q2 2024) over the last five years.
- According to Business Quant data, Interest Coverage Ratio for the three prior fiscal quarters was 2.99 (Q2 2026), 2.09 (Q1 2026) and 2.33 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.52 Bn | 90.57 Bn | 1.55 Bn | 5.56 |
| 2 | Royal Caribbean Cruises | 72.24 Bn | 69.82 Bn | 2.29 Bn | 5.54 |
| 3 | Hilton Worldwide Holdings | 71.21 Bn | 67.69 Bn | 3.08 Bn | 4.69 |
| 4 | Viking Holdings | 35.26 Bn | 20.39 Bn | 996.62 Mn | 8.71 |
| 5 | Carnival | 33.74 Bn | 26.94 Bn | - | 7.79 |
| 6 | Intercontinental Hotels | 26.60 Bn | 22.16 Bn | - | - |
| 7 | Trip.com | 25.18 Bn | -20.37 Bn | 1.84 Bn | -12.50 |
| 8 | Hyatt Hotels | 15.18 Bn | 12.66 Bn | 388.00 Mn | -20.53 |
| 9 | H World | 12.91 Bn | 3.84 Bn | - | 35.21 |
| 10 | Atour Lifestyle Holdings | 8.08 Bn | 4.78 Bn | 493.22 Mn | 502.43 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 7.79 |
| May 31, 2026 | 2.99 |
| Feb 28, 2026 | 2.09 |
| Nov 30, 2025 | 2.33 |
| Aug 31, 2025 | 7.16 |
| May 31, 2025 | 2.74 |
| Feb 28, 2025 | 1.44 |
| Nov 30, 2024 | 1.39 |
| Aug 31, 2024 | 5.05 |
| May 31, 2024 | 1.24 |
| Feb 29, 2024 | 0.59 |
| Nov 30, 2023 | 0.82 |
| Aug 31, 2023 | 3.14 |
| May 31, 2023 | 0.22 |
| Feb 28, 2023 | -0.32 |
| Nov 30, 2022 | -2.53 |
| Aug 31, 2022 | -0.66 |
| May 31, 2022 | -3.98 |
| Feb 28, 2022 | -4.05 |
| Nov 30, 2021 | -5.44 |
API Access
Carnival Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "CCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();