Carnival (CCL) Interest Coverage Ratio (2009 - 2026)
Carnival's (CCL) Interest Coverage Ratio came in at 2.99 for fiscal Q2 2026 (quarter ended May 31, 2026), up 9.0% from 2.74 a year earlier and up 43.1% from the prior quarter.
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Analysis
Carnival (CCL) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 31, 2026, Interest Coverage Ratio at Carnival was 3.70, up 36.0% 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.
- Quarterly Interest Coverage Ratio has run from a low of -5.44 in fiscal Q4 2021 to a high of 7.16 in fiscal Q3 2025 over five years.
- On a year-over-year basis, Interest Coverage Ratio has increased in each of the last nine quarters, with growth averaging 69.9% over the last eight quarters.
- The year-over-year growth in Interest Coverage Ratio has ranged between 9.0% (fiscal Q2 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 2.09 (Q1 2026), 2.33 (Q4 2025) and 7.16 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 5.56 |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 4.69 |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 5.54 |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 8.71 |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 2.99 |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -12.50 |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | -20.53 |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 35.21 |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 502.43 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Aug 31, 2021 | -4.92 |
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();