Carnival (CCL) Net Long-Term Debt Issued (Repaid) (2009 - 2026)
Carnival (CCL) posted Non-Current Debt of $21.88 billion for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 12.7% from $25.06 billion a year earlier and down 6.6% from the prior quarter.
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Analysis
Carnival (CCL) Net Long-Term Debt Issued (Repaid) (2009 - 2026) Analysis & Trends
At the end of FY2025 (ended Nov 30, 2025), Carnival's Non-Current Debt came in at $24.04 billion, down 7.3% from FY2024.
- Annual Non-Current Debt has declined for three consecutive fiscal years, though with a five-year compound annual growth rate of 1.7% (FY2020 to FY2025).
- In prior fiscal years, Carnival's Non-Current Debt was $25.94 billion in FY2024 (-8.9%), $28.48 billion in FY2023 (-10.9%), $31.95 billion in FY2022 (+12.1%) and $28.51 billion in FY2021 (+28.8%).
- The fiscal Q3 2026 figure stands as the lowest quarterly Non-Current Debt since fiscal Q3 2020.
- On a year-over-year basis, Non-Current Debt has declined in each of the last 12 quarters, with an average decline of 8.3% over the last eight quarters.
- The strongest year-over-year quarter for Non-Current Debt in the past five years was fiscal Q4 2021, with growth of 28.8%; the weakest was fiscal Q2 2024, with a decline of 14.9%.
- According to Business Quant data, Non-Current Debt for the three prior fiscal quarters was $23.42 billion (Q2 2026), $23.79 billion (Q1 2026) and $24.04 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 781.00 Mn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | -532.00 Mn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | -8.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | -939.00 Mn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | -88.67 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 149.00 Mn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 274.00 Mn |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -939.00 Mn |
| May 31, 2026 | -302.00 Mn |
| Feb 28, 2026 | -945.00 Mn |
| Nov 30, 2025 | 274.00 Mn |
| Aug 31, 2025 | -1.08 Bn |
| May 31, 2025 | -514.00 Mn |
| Feb 28, 2025 | -468.00 Mn |
| Nov 30, 2024 | -550.00 Mn |
| Aug 31, 2024 | -767.00 Mn |
| May 31, 2024 | -1.37 Bn |
| Feb 29, 2024 | 345.00 Mn |
| Nov 30, 2023 | -832.00 Mn |
| Aug 31, 2023 | -2.59 Bn |
| May 31, 2023 | -1.43 Bn |
| Feb 28, 2023 | 151.00 Mn |
| Nov 30, 2022 | 2.87 Bn |
| Aug 31, 2022 | -389.00 Mn |
| May 31, 2022 | 806.00 Mn |
| Feb 28, 2022 | 1.84 Bn |
| Nov 30, 2021 | 2.69 Bn |
API Access
Carnival Net Long-Term Debt Issued (Repaid) 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=non-current-debt&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();