Carnival (CCL) Times Interest Earned (2009 - 2026)

Carnival (CCL) reported Times Interest Earned of $2.09 for Q1 2026, up 44.82% on a YoY basis from $1.44 in Q1 2025, and down 10.6% quarter-over-quarter from $2.33 in Q4 2025.

Carnival (CCL) Times Interest Earned (2009 - 2026) Analysis & Trends

Carnival has reported Times Interest Earned for 18 years, with the latest figure at $2.09 in Q1 2026.

  • For the quarter ending Q1 2026, Times Interest Earned rose 44.82% year-over-year to $2.09; the trailing twelve-month figure through Feb 2026 stood at $3.6 (up 55.52% YoY), and the FY2025 full-year result was $3.32, up 63.18% from the prior year.
  • Times Interest Earned for Q1 2026 stood at $2.09, down from $2.33 in the prior quarter.
  • The five-year high for Times Interest Earned was $7.16 in Q3 2025, with the low at -$4.05 in Q1 2022.
  • Historically, Times Interest Earned has averaged $0.98 across 5 years, with a median of $1.24 in 2024.
  • Annual changes were most pronounced in 2022 — Times Interest Earned declined 7.66% — and 2023, when it soared 574.2%.
  • Carnival's Times Interest Earned stood at -$2.53 in 2022, then jumped by 132.53% to $0.82 in 2023, then surged by 68.93% to $1.39 in 2024, then jumped by 67.62% to $2.33 in 2025, then slipped by 10.6% to $2.09 in 2026.
  • The last three Times Interest Earned figures came in at $2.09 (Q1 2026), $2.33 (Q4 2025), and $7.16 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Times Interest Earned (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 5.02
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 4.18
4 Carnival 37.80 Bn 36.39 Bn - 2.09
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 2.26
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn -
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.11
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 4.82
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -22.75
10 MakeMyTrip 2.12 Bn 1.35 Bn - 2.43

Historic Data

Download Data
DateValue
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
May 31, 2021 -3.70