Carnival annual debt-to-assets ratio
2008
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2024
2025
Carnival Debt-to-Assets Ratio Growth & History (CCL)
Carnival's debt-to-assets ratio was 0.56 for fiscal 2025.
View full Carnival company overviewCarnival annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-11-30 | 0.56 | −0.05 | −7.91% |
| 2024 | 2024-11-30 | 0.60 | −0.06 | −9.20% |
| 2023 | 2023-11-30 | 0.66 | −0.05 | −6.97% |
| 2022 | 2022-11-30 | 0.71 | 0.05 | +7.84% |
| 2021 | 2021-11-30 | 0.66 | 0.12 | +22.45% |
| 2020 | 2020-11-30 | 0.54 | 0.28 | +109.61% |
| 2019 | 2019-11-30 | 0.26 | 0.01 | +5.33% |
| 2018 | 2018-11-30 | 0.25 | 0.02 | +8.11% |
| 2017 | 2017-11-30 | 0.23 | −0.02 | −6.75% |
| 2016 | 2016-11-30 | 0.24 | 0.02 | +8.58% |
| 2015 | 2015-11-30 | 0.22 | −0.01 | −2.79% |
| 2014 | 2014-11-30 | 0.23 | −0.01 | −3.51% |
| 2013 | 2013-11-30 | 0.24 | 0.01 | +5.03% |
| 2012 | 2012-11-30 | 0.23 | −0.01 | −6.10% |
| 2011 | 2011-11-30 | 0.24 | 0.01 | +3.71% |
| 2010 | 2010-11-30 | 0.23 | −0.02 | −6.87% |
| 2009 | 2009-11-30 | 0.25 | −0.02 | −7.73% |
| 2008 | 2008-11-30 | 0.27 | — | — |
Carnival quarterly debt-to-assets ratio
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Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
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Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
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Q2.14
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Q4.14
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Q2.15
Q3.15
Q4.15
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Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
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Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
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Q4.20
Q1.21
Q2.21
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Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-05-31 | 0.51 | −0.06 | −10.41% |
| Q1 2026 | 2026-02-28 | 0.53 | −0.07 | −11.59% |
| Q4 2025 | 2025-11-30 | 0.56 | −0.05 | −7.91% |
| Q3 2025 | 2025-08-31 | 0.56 | −0.06 | −9.89% |
| Q2 2025 | 2025-05-31 | 0.57 | −0.06 | −9.56% |
| Q1 2025 | 2025-02-28 | 0.60 | −0.06 | −9.17% |
| Q4 2024 | 2024-11-30 | 0.60 | −0.06 | −9.20% |
| Q3 2024 | 2024-08-31 | 0.62 | −0.05 | −7.17% |
| Q2 2024 | 2024-05-31 | 0.63 | −0.06 | −8.27% |
| Q1 2024 | 2024-02-29 | 0.66 | −0.06 | −7.97% |
| Q4 2023 | 2023-11-30 | 0.66 | −0.05 | −6.97% |
| Q3 2023 | 2023-08-31 | 0.67 | −0.02 | −3.18% |
| Q2 2023 | 2023-05-31 | 0.69 | 0.00 | +0.71% |
| Q1 2023 | 2023-02-28 | 0.72 | 0.04 | +5.43% |
| Q4 2022 | 2022-11-30 | 0.71 | 0.05 | +7.84% |
| Q3 2022 | 2022-08-31 | 0.69 | 0.11 | +18.47% |
| Q2 2022 | 2022-05-31 | 0.69 | 0.10 | +17.33% |
| Q1 2022 | 2022-02-28 | 0.68 | 0.11 | +18.89% |
| Q4 2021 | 2021-11-30 | 0.66 | 0.12 | +22.45% |
| Q3 2021 | 2021-08-31 | 0.59 | 0.13 | +27.48% |
| Q2 2021 | 2021-05-31 | 0.59 | 0.20 | +50.98% |
| Q1 2021 | 2021-02-28 | 0.57 | 0.26 | +86.21% |
| Q4 2020 | 2020-11-30 | 0.54 | 0.28 | +109.61% |
| Q3 2020 | 2020-08-31 | 0.46 | 0.22 | +88.26% |
| Q2 2020 | 2020-05-31 | 0.39 | 0.14 | +54.45% |
| Q1 2020 | 2020-02-29 | 0.31 | 0.04 | +16.46% |
| Q4 2019 | 2019-11-30 | 0.26 | 0.01 | +5.33% |
| Q3 2019 | 2019-08-31 | 0.24 | 0.01 | +5.95% |
| Q2 2019 | 2019-05-31 | 0.25 | 0.02 | +7.43% |
| Q1 2019 | 2019-02-28 | 0.26 | 0.03 | +14.34% |
| Q4 2018 | 2018-11-30 | 0.25 | 0.02 | +8.11% |
| Q3 2018 | 2018-08-31 | 0.23 | 0.00 | +2.09% |
| Q2 2018 | 2018-05-31 | 0.23 | 0.00 | +0.36% |
| Q1 2018 | 2018-02-28 | 0.23 | −0.00 | −1.81% |
| Q4 2017 | 2017-11-30 | 0.23 | −0.02 | −6.75% |
| Q3 2017 | 2017-08-31 | 0.23 | −0.01 | −5.52% |
| Q2 2017 | 2017-05-31 | 0.23 | −0.00 | −1.60% |
| Q1 2017 | 2017-02-28 | 0.23 | −0.00 | −0.40% |
| Q4 2016 | 2016-11-30 | 0.24 | 0.02 | +8.58% |
| Q3 2016 | 2016-08-31 | 0.24 | 0.04 | +17.88% |
| Q2 2016 | 2016-05-31 | 0.24 | 0.02 | +10.48% |
| Q1 2016 | 2016-02-29 | 0.24 | −0.00 | −0.09% |
| Q4 2015 | 2015-11-30 | 0.22 | −0.01 | −2.79% |
| Q3 2015 | 2015-08-31 | 0.20 | −0.02 | −8.61% |
| Q2 2015 | 2015-05-31 | 0.21 | −0.02 | −8.02% |
| Q1 2015 | 2015-02-28 | 0.24 | −0.00 | −1.98% |
| Q4 2014 | 2014-11-30 | 0.23 | −0.01 | −3.51% |
| Q3 2014 | 2014-08-31 | 0.22 | −0.03 | −10.61% |
| Q2 2014 | 2014-05-31 | 0.23 | −0.01 | −5.61% |
| Q1 2014 | 2014-02-28 | 0.24 | −0.00 | −0.78% |
| Q4 2013 | 2013-11-30 | 0.24 | 0.01 | +5.03% |
| Q3 2013 | 2013-08-31 | 0.25 | 0.02 | +7.08% |
| Q2 2013 | 2013-05-31 | 0.25 | −0.01 | −2.66% |
| Q1 2013 | 2013-02-28 | 0.24 | −0.00 | −0.74% |
| Q4 2012 | 2012-11-30 | 0.23 | −0.01 | −6.10% |
| Q3 2012 | 2012-08-31 | 0.23 | −0.01 | −5.61% |
| Q2 2012 | 2012-05-31 | 0.25 | 0.01 | +2.38% |
| Q1 2012 | 2012-02-29 | 0.24 | −0.00 | −0.24% |
| Q4 2011 | 2011-11-30 | 0.24 | 0.01 | +3.71% |
| Q3 2011 | 2011-08-31 | 0.25 | −0.00 | −1.85% |
| Q2 2011 | 2011-05-31 | 0.25 | −0.01 | −2.70% |
| Q1 2011 | 2011-02-28 | 0.25 | −0.04 | −15.43% |
| Q4 2010 | 2010-11-30 | 0.23 | −0.02 | −6.87% |
| Q3 2010 | 2010-08-31 | 0.25 | −0.02 | −7.58% |
| Q2 2010 | 2010-05-31 | 0.25 | — | — |
| Q1 2010 | 2010-02-28 | 0.29 | — | — |
| Q4 2009 | 2009-11-30 | 0.25 | −0.02 | −7.73% |
| Q3 2009 | 2009-08-31 | 0.27 | — | — |
| Q4 2008 | 2008-11-30 | 0.27 | — | — |
Carnival debt-to-assets ratio trends
Over the last five fiscal years, Carnival's debt-to-assets ratio increased from 0.54 to 0.56, a change of 0.01. The latest reported quarter, Q2 2026, shows 0.51.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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