Carnival Corporation & plc logo
CCLCarnival Corporation & plc

Debt to Equity Ratio: 2.02

popular:market cap|pe ratio|revenue|price history|total return

Is the debt to equity ratio high or low?

The debt to equity ratio of 2.02 is 44% below its 5-year average of 3.61, near the low end of its 5-year range (1.80–5.98).

As of Sunday, June 28, 2026. 12.54% below its 12-month average of 2.31.

Current Ratio|Quick Ratio|ROE|All Metrics
Debt to Equity

CCL Debt to Equity Ratio

2.02

Reported quarterly debt to equity ratio; no daily interpolation.

-8.12% 5Y
CCL Debt to Equity Ratio

CCL Average Debt to Equity Ratio Chart

CCL Debt to Equity Ratio

CCL Current vs Average Debt to Equity Ratio Chart

CCL Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

2.02

DEBT TO EQUITY RATIO AVG TTM

2.31

DEBT TO EQUITY RATIO AVG 3Y

3.53

DEBT TO EQUITY RATIO AVG 5Y

3.61

DEBT TO EQUITY RATIO AVG 10Y

2.15

DEBT TO EQUITY RATIO AVG 15Y

1.42

DEBT TO EQUITY RATIO AVG 20Y

0.84

CURRENT VS TTM AVG

-12.54%

CURRENT VS 3Y AVG

-42.80%

CURRENT VS 5Y AVG

-44.11%

CURRENT VS 10Y AVG

-6.11%

CURRENT VS 15Y AVG

+41.76%

CURRENT VS 20Y AVG

+139.37%

CCL Competitors' Debt to Equity Ratio

NAMEMARKET CAPDEBT TO EQUITY RATIOTTM3Y5Y
Carnival Corporation & plc (CCL)$39.88B2.022.313.533.61
Chipotle Mexican Grill, Inc. (CMG)vs ›$42.75B3.482.361.911.79
Yum! Brands, Inc. (YUM)vs ›$43.10B-1.633.232.302.21
JD.com, Inc. (JD)vs ›$34.29B0.480.430.360.30
D.R. Horton, Inc. (DHI)vs ›$47.16B0.250.240.260.29
eBay Inc. (EBAY)vs ›$47.89B1.601.561.561.58
Las Vegas Sands Corp. (LVS)vs ›$31.22B10.157.465.615.76
Expedia Group, Inc. (EXPE)vs ›$30.09B5.194.694.134.04
Tapestry, Inc. (TPR)vs ›$29.50B4.553.792.622.25
Casey's General Stores, Inc. (CASY)vs ›$28.81B0.730.780.690.71

Financial Health

Debt/Equity

2.02

Current Ratio

0.32

Debt to Equity Ratio Formula & Definition

Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Carnival Corporation & plc (CCL)?
The debt to equity ratio for CCL stock is 2.02.
Is Carnival Corporation & plc's debt to equity ratio high or low?
The debt to equity ratio of 2.02 is 44% below its 5-year average of 3.61, near the low end of its 5-year range (1.80–5.98).
What is the TTM average debt to equity ratio for Carnival Corporation & plc (CCL)?
The TTM average debt to equity ratio for CCL stock is 2.31.
What is the 3Y average debt to equity ratio for Carnival Corporation & plc (CCL)?
The 3Y average debt to equity ratio for CCL stock is 3.53.
What is the 5Y average debt to equity ratio for Carnival Corporation & plc (CCL)?
The 5Y average debt to equity ratio for CCL stock is 3.61.
What is the 10Y average debt to equity ratio for Carnival Corporation & plc (CCL)?
The 10Y average debt to equity ratio for CCL stock is 2.15.
What is the 15Y average debt to equity ratio for Carnival Corporation & plc (CCL)?
The 15Y average debt to equity ratio for CCL stock is 1.42.
What is the 20Y average debt to equity ratio for Carnival Corporation & plc (CCL)?
The 20Y average debt to equity ratio for CCL stock is 0.84.

CCL Debt to Equity Ratio History

DATEDEBT TO EQUITY RATIO
2026-05-312.02
2026-02-282.04
2025-11-302.28
2025-08-312.34
2025-05-312.86
2025-02-283.09
2024-11-303.12
2024-08-313.52
2024-05-314.50
2024-02-294.79
2023-11-304.63
2023-08-314.69
2023-05-315.98
2023-02-285.91
2022-11-305.08
2022-08-314.21
2022-05-314.41
2022-02-283.51
2021-11-302.85
2021-08-312.20
2021-05-311.80
2021-02-281.65
2020-11-301.38
2020-08-311.35
2020-05-311.07
2020-02-290.59
2019-11-300.45
2019-08-310.42
2019-05-310.46
2019-02-280.48
2018-11-300.42
2018-08-310.39
2018-05-310.41
2018-02-280.39
2017-11-300.38
2017-08-310.38
2017-05-310.41
2017-02-280.40
2016-11-300.42
2016-08-310.41
2016-05-310.41
2016-02-290.40
2015-11-300.37
2015-08-310.32
2015-05-310.36
2015-02-280.39
2014-11-300.37
2014-08-310.35
2014-05-310.39
2014-02-280.39
2013-11-300.39
2013-08-310.41
2013-05-310.42
2013-02-280.40
2012-11-300.37
2012-08-310.37
2012-05-310.43
2012-02-290.40
2011-11-300.39
2011-08-310.40
2011-05-310.41
2011-02-280.40
2010-11-300.41
2010-08-310.41
2010-05-310.47
2010-02-280.50
2009-11-300.46
2009-08-310.47
2009-05-310.50
2009-02-280.50
2008-11-300.49
2008-08-310.46
2008-05-310.46
2008-02-290.39
2007-11-300.44
2007-08-310.38
2007-05-310.43
2007-02-280.42
2006-11-300.43
2006-08-310.42
2006-05-310.60
2006-02-280.53
2005-11-300.43
2005-08-310.57
2005-05-310.48
2005-02-280.48
2004-11-300.50
2004-08-310.49
2004-05-310.55
2004-02-290.55
2003-11-300.54
2003-08-310.52
2003-05-310.54
2003-02-280.44
2002-11-300.43
2002-08-310.42

Related Metrics

Current RatioQuick RatioROEAll Metrics

About Carnival Corporation & plc

Carnival Corporation & plc operates as a prominent global entity in the leisure travel sector. Its extensive fleet of vessels navigates to nearly 700 different ports globally, sailing under a diverse portfolio of acclaimed brands such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. Beyond its core cruise operations, the company also provides port services and other related offerings. Its holdings include and it manages hotels, lodges, unique glass-domed railcars, and motor coaches. Customers primarily book their cruises through a network of travel agencies, tour operators, vacation planners, and direct online channels. The corporation maintains a broad international presence, with operations spanning the United States, Canada, continental Europe, the United Kingdom, Australia, New Zealand, Asia, and other global markets. It commands a significant fleet of 87 ships, collectively providing capacity for 223,000 passengers in lower berths. Carnival Corporation & plc was established in 1972 and has its headquarters situated in Miami, Florida.

Miami, FL
160,000 employees
www.carnivalcorp.com
Consumer Cyclical / Leisure
Sector
Consumer Cyclical
Industry
Leisure
CEO
Joshua Ian Weinstein
View full financials