Carnival Debt to Equity Ratio 2012-2025 | CCL

Current and historical debt to equity ratio values for Carnival (CCL) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Carnival debt/equity for the three months ending November 30, 2025 was 1.96.
Carnival Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-11-30 $39.40B $12.28B 3.21
2025-08-31 $38.90B $11.93B 3.26
2025-05-31 $41.16B $10.01B 4.11
2025-02-28 $39.35B $9.18B 4.29
2024-11-30 $39.81B $9.25B 4.30
2024-08-31 $41.21B $8.60B 4.79
2024-05-31 $42.79B $6.81B 6.28
2024-02-29 $43.08B $6.68B 6.45
2023-11-30 $42.24B $6.88B 6.14
2023-08-31 $42.80B $6.96B 6.15
2023-05-31 $46.01B $5.87B 7.85
2023-02-28 $45.82B $6.17B 7.43
2022-11-30 $44.64B $7.07B 6.32
2022-08-31 $43.54B $8.38B 5.20
2022-05-31 $44.73B $8.26B 5.42
2022-02-28 $42.97B $10.31B 4.17
2021-11-30 $41.20B $12.14B 3.39
2021-08-31 $38.65B $14.86B 2.60
2021-05-31 $37.19B $17.88B 2.08
2021-02-28 $37.41B $19.81B 1.89
2020-11-30 $33.04B $20.56B 1.61
2020-08-31 $31.32B $19.50B 1.61
2020-05-31 $28.98B $20.84B 1.39
2020-02-29 $22.65B $24.29B 0.93
2019-11-30 $19.69B $25.37B 0.78
2019-08-31 $18.71B $25.30B 0.74
2019-05-31 $20.40B $24.11B 0.85
2019-02-28 $19.69B $24.24B 0.81
2018-11-30 $17.96B $24.44B 0.74
2018-08-31 $17.10B $24.65B 0.69
2018-05-31 $18.25B $23.93B 0.76
2018-02-28 $17.06B $24.38B 0.70
2017-11-30 $16.56B $24.22B 0.68
2017-08-31 $16.47B $24.17B 0.68
2017-05-31 $17.49B $22.96B 0.76
2017-02-28 $16.04B $22.66B 0.71
2016-11-30 $16.28B $22.60B 0.72
2016-08-31 $16.43B $22.90B 0.72
2016-05-31 $17.06B $22.79B 0.75
2016-02-29 $15.82B $22.63B 0.70
2015-11-30 $15.47B $23.77B 0.65
2015-08-31 $14.44B $24.35B 0.59
2015-05-31 $15.36B $23.25B 0.66
2015-02-28 $15.36B $23.35B 0.66
2014-11-30 $15.24B $24.20B 0.63
2014-08-31 $14.84B $25.16B 0.59
2014-05-31 $16.16B $24.37B 0.66
2014-02-28 $15.44B $24.47B 0.63
2013-11-30 $15.55B $24.56B 0.63
2013-08-31 $16.13B $24.26B 0.67
2013-05-31 $16.70B $23.28B 0.72
2013-02-28 $15.15B $23.52B 0.64
2012-11-30 $15.23B $23.93B 0.64
2012-08-31 $14.89B $24.19B 0.62
2012-05-31 $16.44B $23.03B 0.71
2012-02-29 $15.31B $23.65B 0.65
2011-11-30 $14.81B $23.83B 0.62
2011-08-31 $15.27B $24.75B 0.62
2011-05-31 $15.91B $23.85B 0.67
2011-02-28 $14.53B $23.44B 0.62
2010-11-30 $14.46B $23.03B 0.63
2010-08-31 $14.25B $22.60B 0.63
2010-05-31 $15.17B $20.86B 0.73
2010-02-28 $15.31B $21.42B 0.72
2009-11-30 $14.80B $22.04B 0.67
2009-08-31 $14.80B $21.56B 0.69
2009-05-31 $15.16B $20.39B 0.74
2009-02-28 $13.68B $19.15B 0.71
2008-11-30 $14.30B $19.10B 0.75
2008-08-31 $14.96B $20.32B 0.74
2008-05-31 $15.54B $19.93B 0.78
2008-02-29 $14.41B $19.74B 0.73
2007-11-30 $14.22B $19.96B 0.71
2007-08-31 $13.48B $19.71B 0.68
2007-05-31 $14.61B $18.58B 0.79
2007-02-28 $12.12B $18.34B 0.66
2006-11-30 $12.34B $18.21B 0.68
2006-08-31 $11.99B $17.88B 0.67
2006-05-31 $12.21B $17.10B 0.71
2006-02-28 $11.14B $17.18B 0.65
2005-11-30 $11.47B $16.88B 0.68
2005-08-31 $11.68B $17.09B 0.68
2005-05-31 $12.25B $16.06B 0.76
2005-02-28 $11.58B $16.02B 0.72
2004-11-30 $11.88B $15.76B 0.75
2004-08-31 $11.13B $15.30B 0.73
2004-05-31 $12.01B $14.40B 0.83
2004-02-29 $11.32B $14.18B 0.80
2003-11-30 $10.70B $13.79B 0.78
2003-08-31 $9.83B $13.57B 0.72
2003-05-31 $10.37B $12.99B 0.80
2003-02-28 $4.96B $7.54B 0.66
2002-11-30 $4.92B $7.42B 0.66
2002-08-31 $4.91B $7.29B 0.67
2002-05-31 $5.22B $6.84B 0.76
2002-02-28 $5.05B $6.66B 0.76
2001-11-30 $4.97B $6.59B 0.76
2001-08-31 $4.73B $6.55B 0.72
2001-05-31 $5.25B $6.05B 0.87
2001-02-28 $4.34B $5.94B 0.73
2000-11-30 $3.96B $5.87B 0.68
2000-08-31 $2.82B $5.77B 0.49
2000-05-31 $2.53B $5.82B 0.43
2000-02-29 $2.31B $6.03B 0.38
1999-11-30 $2.36B $5.93B 0.40
1999-08-31 $2.63B $5.59B 0.47
1999-05-31 $2.76B $5.24B 0.53
1999-02-28 $2.72B $5.11B 0.53
1998-11-30 $2.89B $4.29B 0.68
1998-08-31 $2.69B $4.10B 0.66
1998-05-31 $2.92B $3.79B 0.77
1998-02-28 $2.04B $3.68B 0.56
1997-11-30 $1.82B $3.61B 0.51
1997-08-31 $1.75B $3.50B 0.50
1997-05-31 $1.84B $3.23B 0.57
1997-02-28 $1.94B $3.15B 0.62
1996-11-30 $2.07B $3.03B 0.68
1996-08-31 $1.77B $2.94B 0.60
1996-05-31 $2.15B $2.62B 0.82
1996-02-29 $2.15B $2.40B 0.90
1995-11-30 $1.76B $2.35B 0.75
1995-08-31 $1.75B $2.28B 0.77
1995-05-31 $1.70B $2.09B 0.81
1995-02-28 $1.73B $1.98B 0.87
1994-11-30 $1.74B $1.93B 0.90
1994-08-31 $1.67B $1.88B 0.89
1994-05-31 $1.59B $1.73B 0.92
1994-02-28 $0.00B 0.00
1993-11-30 $1.59B $1.63B 0.98
1993-08-31 $0.00B 0.00
1993-05-31 $0.00B 0.00
1993-02-28 $0.00B 0.00
1992-11-30 $0.00B 0.00
1992-08-31 $0.00B 0.00
1992-05-31 $0.00B 0.00
1992-02-29 $0.00B 0.00
Sector Industry Market Cap Revenue
Consumer Discretionary Leisure & Recreation Services $34.372B $26.622B
Carnival Corporation operates as a cruise and vacation company. As a single economic entity, Carnival Corporation & Carnival plc forms the largest cruise operator in the world. Carnival is the world's leading leisure travel firm and carries nearly half of the global cruise guests. The company has operations on North America, Australia, Europe and Asia. The company's cruise brand includes s Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
Stock Name Country Market Cap PE Ratio
Airbnb (ABNB) United States $81.622B 31.50
Royal Caribbean Cruises (RCL) United States $75.844B 19.22
Trip Group (TCOM) Singapore $40.045B 10.39
Viking Holdings (VIK) Bermuda $31.109B 29.25
Norwegian Cruise Line Holdings (NCLH) United States $10.412B 12.43
Avolta AG - (DUFRY) Switzerland $8.468B 0.00
Planet Fitness (PLNT) United States $8.254B 33.59
Madison Square Garden (MSGS) United States $6.810B 0.00
Life Times (LTH) United States $5.885B 22.06
Carnival (CUK) United Kingdom $5.515B 13.00
Caesars Entertainment (CZR) United States $5.174B 0.00
Atour Lifestyle Holdings (ATAT) China $5.106B 25.14
Vail Resorts (MTN) United States $4.979B 20.41
Travel + Leisure (TNL) United States $4.727B 11.70
Manchester United (MANU) United Kingdom $2.914B 0.00
Flight Centre (FGETF) Australia $2.234B 0.00
Marriott Vacations Worldwide (VAC) United States $2.163B 8.71
United Parks & Resorts (PRKS) United States $2.078B 11.54
OneSpaWorld Holdings (OSW) Bahamas $2.057B 23.47
Six Flags Entertainment (FUN) United States $1.611B 10.73
Lucky Strike Entertainment (LUCK) United States $1.289B 0.00
H.I.S. (HISJF) Japan $0.978B 16.78
Pursuit Attractions And Hospitality (PRSU) United States $0.962B 27.64
Lindblad Expeditions (LIND) United States $0.924B 0.00
Ambitions Enterprise Management L.L.C (AHMA) $0.867B 0.00
AMC Entertainment Holdings (AMC) United States $0.821B 0.00
Target Hospitality (TH) United States $0.787B 0.00
STUDIO CITY IH (MSC) Hong Kong, SAR China $0.695B 0.00
Marcus (MCS) United States $0.489B 66.38
Xponential Fitness (XPOF) United States $0.401B 37.27
CXJ Group (ECXJ) United States $0.194B 0.00
Nusatrip (NUTR) Indonesia $0.169B 0.00
Leifras, - (LFS) Japan $0.093B 0.00
Aureus Greenway Holdings (AGH) United States $0.059B 0.00
NOMADAR (NOMA) United States $0.057B 0.00
Inspirato (ISPO) United States $0.054B 0.00
NextTrip (NTRP) United States $0.039B 0.00
Giftify (GIFT) United States $0.034B 0.00
Generation Essentials Group (TGE) France $0.027B 0.00
Reading Inc (RDI) United States $0.025B 0.00
HWH (HWH) United States $0.012B 0.00
Golden Heavens (GDHG) China $0.005B 0.00
Interactive Strength (TRNR) United States $0.002B 0.00
Dover Motorsports (DVD) United States $0.000B 0.00