Carnival Debt to Equity Ratio 2012-2025 | CUK

Current and historical debt to equity ratio values for Carnival (CUK) 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 $39.80B $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 $20.41B $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 $2.23B $2.64B 0.84
2001-08-31 $4.73B $6.55B 0.72
2001-05-31 $5.25B $6.05B 0.87
2001-02-28 $2.15B $2.46B 0.87
2000-11-30 $2.15B $2.46B 0.87
1999-11-30 $2.36B $5.93B 0.40
1998-11-30 $2.89B $4.29B 0.68
Sector Industry Market Cap Revenue
Consumer Discretionary Leisure & Recreation Services $5.948B $26.622B
Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.
Stock Name Country Market Cap PE Ratio
Royal Caribbean Cruises (RCL) United States $86.463B 20.44
Airbnb (ABNB) United States $74.697B 30.04
Carnival (CCL) United States $39.290B 14.12
Trip Group (TCOM) Singapore $35.558B 9.23
Viking Holdings (VIK) Bermuda $33.333B 31.34
Norwegian Cruise Line Holdings (NCLH) United States $9.783B 11.68
Avolta AG - (DUFRY) Switzerland $9.166B 0.00
Planet Fitness (PLNT) United States $7.555B 30.75
Madison Square Garden (MSGS) United States $7.001B 0.00
Life Times (LTH) United States $6.408B 24.02
Atour Lifestyle Holdings (ATAT) China $5.413B 26.65
Vail Resorts (MTN) United States $4.805B 19.70
Travel + Leisure (TNL) United States $4.557B 11.28
Caesars Entertainment (CZR) United States $3.703B 0.00
Manchester United (MANU) United Kingdom $3.007B 0.00
OneSpaWorld Holdings (OSW) Bahamas $2.314B 26.40
Marriott Vacations Worldwide (VAC) United States $1.867B 7.52
United Parks & Resorts (PRKS) United States $1.853B 10.29
Six Flags Entertainment (FUN) United States $1.613B 10.74
Lindblad Expeditions (LIND) United States $1.112B 0.00
Lucky Strike Entertainment (LUCK) United States $1.093B 0.00
Pursuit Attractions And Hospitality (PRSU) United States $1.036B 29.77
H.I.S. (HISJF) Japan $0.978B 16.78
Target Hospitality (TH) United States $0.713B 0.00
AMC Entertainment Holdings (AMC) United States $0.632B 0.00
Marcus (MCS) United States $0.492B 66.79
Xponential Fitness (XPOF) United States $0.406B 37.73
Ambitions Enterprise Management L.L.C (AHMA) $0.207B 0.00
Nusatrip (NUTR) Indonesia $0.169B 0.00
Leifras, - (LFS) Japan $0.060B 0.00
Aureus Greenway Holdings (AGH) United States $0.060B 0.00
NOMADAR (NOMA) United States $0.058B 0.00
Inspirato (ISPO) United States $0.054B 0.00
NextTrip (NTRP) United States $0.041B 0.00
Giftify (GIFT) United States $0.030B 0.00
Generation Essentials Group (TGE) France $0.025B 0.00
Reading Inc (RDI) United States $0.024B 0.00
HWH (HWH) United States $0.010B 0.00
Golden Heavens (GDHG) China $0.005B 0.00
Interactive Strength (TRNR) United States $0.002B 0.00
STUDIO CITY IH (MSC) Hong Kong, SAR China $0.000B 0.00
Dover Motorsports (DVD) United States $0.000B 0.00