To the full analysis
Carnival stock: balance sheet and debt
CCLCarnival has a debt to equity ratio of 2.28 and an interest coverage of 3.1x.
Daily figure as of 12 Nov 2026
Debt / Equity
2.28
Interest coverage
3.1x
Current ratio
0.32
Cash & equivalents
$1.93B
Total assets
$51.69B
Equity ratio
23.8%
Goodwill
$579M
Plus intangible assets of $1.18B
Net debt
$26.07B
Total assets and equity ratio
How large the balance sheet of Carnival Corporation & plc is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $30.55B | $4.63B | $3.31B | 59.6% | $6.68B |
| 2007 | $34.18B | $5B | $3.61B | 58.4% | $7.91B |
| 2008 | $33.4B | $4.56B | $3.27B | 57.2% | $8.69B |
| 2009 | $36.84B | $4.8B | $3.45B | 59.8% | $9.51B |
| 2010 | $37.49B | $4.64B | $3.32B | 61.4% | $8.94B |
| 2011 | $38.64B | $4.65B | $3.32B | 61.7% | $8.9B |
| 2012 | $39.16B | $4.49B | $3.17B | 61.1% | $8.44B |
| 2013 | $40.1B | $4.5B | $3.21B | 61.2% | $9.1B |
| 2014 | $39.53B | $4.4B | $3.13B | 61.4% | $8.76B |
| 2015 | $39.24B | $4.32B | $3.01B | 60.6% | $7.39B |
| 2016 | $38.94B | $4.19B | $2.91B | 58.0% | $8.8B |
| 2017 | $40.78B | $4.17B | $2.97B | 59.4% | $8.8B |
| 2018 | $42.4B | $4.1B | $2.93B | 57.6% | $9.34B |
| 2019 | $45.06B | $4.09B | $2.91B | 56.3% | $10.98B |
| 2020 | $53.59B | $1.99B | $807M | 38.4% | $18.87B |
| 2021 | $53.34B | $1.76B | $579M | 22.8% | $25.47B |
| 2022 | $51.7B | $1.74B | $579M | 13.7% | $31.85B |
| 2023 | $49.12B | $1.75B | $579M | 14.0% | $29.48B |
| 2024 | $49.06B | $1.74B | $579M | 18.9% | $27.67B |
| 2025 | $51.69B | $1.76B | $579M | 23.8% | $26.07B |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $1.16B | $18.21B | $7.85B | 0.43 |
| 2007 | $943M | $19.96B | $8.85B | 0.44 |
| 2008 | $650M | $19.1B | $9.34B | 0.49 |
| 2009 | $538M | $22.04B | $10.05B | 0.46 |
| 2010 | $429M | $23.03B | $9.36B | 0.41 |
| 2011 | $450M | $23.83B | $9.35B | 0.39 |
| 2012 | $465M | $23.93B | $8.9B | 0.37 |
| 2013 | $462M | $24.56B | $9.56B | 0.39 |
| 2014 | $331M | $24.29B | $9.09B | 0.37 |
| 2015 | $1.4B | $23.77B | $8.79B | 0.37 |
| 2016 | $603M | $22.6B | $9.4B | 0.42 |
| 2017 | $395M | $24.22B | $9.2B | 0.38 |
| 2018 | $982M | $24.44B | $10.32B | 0.42 |
| 2019 | $518M | $25.37B | $11.5B | 0.45 |
| 2020 | $9.51B | $20.56B | $28.38B | 1.38 |
| 2021 | $9.14B | $12.15B | $34.61B | 2.85 |
| 2022 | $4.03B | $7.06B | $35.88B | 5.08 |
| 2023 | $2.42B | $6.88B | $31.89B | 4.63 |
| 2024 | $1.21B | $9.25B | $28.88B | 3.12 |
| 2025 | $1.93B | $12.28B | $27.99B | 2.28 |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 30 Nov 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 11 Apr 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.