Carnival (CCL) Times Interest Earned (2009 - 2026)
Carnival's (CCL) quarterly Times Interest Earned came in at 2.99 in Q2 2026, up 9.02% on a YoY basis from 2.74 in Q2 2025, and up 43.15% quarter-over-quarter from 2.09 in Q1 2026.
Analysis
Carnival (CCL) Times Interest Earned (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported Times Interest Earned for 18 consecutive years, with 2.99 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Times Interest Earned rose 9.02% year-over-year to 2.99; the trailing twelve-month figure through May 2026 stood at 3.7 (up 36.03% YoY), and the FY2025 full-year result was 3.32, up 63.18% from the prior year.
- Times Interest Earned grew to 2.99 in Q2 2026 per CCL's latest filing, from 2.09 in the prior quarter.
- Across five years, Times Interest Earned topped out at 7.16 in Q3 2025 and bottomed at 4.05 in Q1 2022.
- Historically, Times Interest Earned has averaged 1.09 across 5 years, with a median of 1.32 in 2024.
- The sharpest annual moves came in 2022 and 2023: Times Interest Earned fell 7.66% in 2022, then jumped 574.2% in 2023.
- Over 5 years, Times Interest Earned 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 increased by 27.97% to 2.99 in 2026.
- According to Business Quant data, Times Interest Earned over the past three periods registered 2.99, 2.09, and 2.33 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 5.54 |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 7.84 |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 2.99 |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | - |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | - |
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 |