Carnival (CCL) Total Debt (2009 - 2026)
Carnival (CCL) recorded Total Debt of $24.89 billion in fiscal Q2 2026 (quarter ended May 31, 2026), down 8.7% from $27.25 billion a year earlier and down 1.6% from the prior quarter.
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Analysis
Carnival (CCL) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025 (ended Nov 30, 2025), Carnival reported Total Debt of $26.64 billion, down 3.0% from FY2024.
- Annual Total Debt has declined for three straight fiscal years, with a five-year compound annual growth rate of -0.2% (FY2020 to FY2025).
- Across earlier fiscal years, Total Debt came in at $27.47 billion in FY2024 (-10.1%), $30.57 billion in FY2023 (-11.5%), $34.55 billion in FY2022 (+3.9%) and $33.24 billion in FY2021 (+23.3%).
- The fiscal Q2 2026 figure is the lowest quarterly Total Debt since fiscal Q2 2020.
- On a year-over-year basis, Total Debt has declined for 13 consecutive quarters, with an average decline of 7.9% over the last eight quarters.
- Peak year-over-year performance for Total Debt in the last five years was growth of 25.4% in fiscal Q3 2021, against a decline of 13.0% in fiscal Q2 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $25.29 billion (Q1 2026), $26.64 billion (Q4 2025) and $26.48 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 16.92 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 13.34 Bn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 22.84 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 5.94 Bn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 24.89 Bn |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | -2.09 Bn |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 3.88 Bn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 4.28 Bn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 620.63 Mn |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 34.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 24.89 Bn |
| Feb 28, 2026 | 25.29 Bn |
| Nov 30, 2025 | 26.64 Bn |
| Aug 31, 2025 | 26.48 Bn |
| May 31, 2025 | 27.25 Bn |
| Feb 28, 2025 | 27.02 Bn |
| Nov 30, 2024 | 27.47 Bn |
| Aug 31, 2024 | 28.86 Bn |
| May 31, 2024 | 29.34 Bn |
| Feb 29, 2024 | 30.74 Bn |
| Nov 30, 2023 | 30.57 Bn |
| Aug 31, 2023 | 31.30 Bn |
| May 31, 2023 | 33.71 Bn |
| Feb 28, 2023 | 35.14 Bn |
| Nov 30, 2022 | 34.55 Bn |
| Aug 31, 2022 | 34.07 Bn |
| May 31, 2022 | 35.13 Bn |
| Feb 28, 2022 | 34.90 Bn |
| Nov 30, 2021 | 33.24 Bn |
| Aug 31, 2021 | 31.23 Bn |
API Access
Carnival Total Debt 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=total-debt&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-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=total-debt&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();