Carnival PLC (CCL) — Capital Reinvestment Ratio
Carnival PLC (CCL) has a Capital Reinvestment Ratio of 0.45x as of February 2026, meaning it reinvests 0% of its operating cash flow (GBX1.25 Billion) in capital expenditures (GBX562.61 Million). Check CCL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Carnival PLC Capital Reinvestment Ratio (1991–2025)
This chart tracks Carnival PLC's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see CCL cash flow conversion.
Annual Capital Reinvestment Ratio for Carnival PLC (1991–2025)
Year-by-year Capital Reinvestment Ratio for Carnival PLC from 1991 to 2025. See cash generation quality of Carnival PLC to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.58x | GBX6.22 Billion | GBX3.61 Billion | ▼ -25.6% |
| 2024 | 0.78x | GBX5.92 Billion | GBX4.63 Billion | ▲ +1.8% |
| 2023 | 0.77x | GBX4.28 Billion | GBX3.28 Billion | ▼ -22.6% |
| 2019 | 0.99x | GBX5.47 Billion | GBX5.43 Billion | ▲ +46.8% |
| 2018 | 0.68x | GBX5.55 Billion | GBX3.75 Billion | ▲ +22.1% |
| 2017 | 0.55x | GBX5.32 Billion | GBX2.94 Billion | ▼ -7.3% |
| 2016 | 0.60x | GBX5.13 Billion | GBX3.06 Billion | ▲ +18.2% |
| 2015 | 0.50x | GBX4.54 Billion | GBX2.29 Billion | ▼ -33.0% |
| 2014 | 0.75x | GBX3.43 Billion | GBX2.58 Billion | ▼ -0.7% |
| 2013 | 0.76x | GBX2.83 Billion | GBX2.15 Billion | ▼ -2.5% |
| 2012 | 0.78x | GBX3.00 Billion | GBX2.33 Billion | ▲ +8.6% |
| 2011 | 0.72x | GBX3.77 Billion | GBX2.70 Billion | ▼ -23.6% |
| 2010 | 0.94x | GBX3.82 Billion | GBX3.58 Billion | ▼ -7.3% |
| 2009 | 1.01x | GBX3.34 Billion | GBX3.38 Billion | ▲ +2.3% |
| 2008 | 0.99x | GBX3.39 Billion | GBX3.35 Billion | ▲ +21.5% |
| 2007 | 0.81x | GBX4.07 Billion | GBX3.31 Billion | ▲ +19.2% |
| 2006 | 0.68x | GBX3.63 Billion | GBX2.48 Billion | ▲ +17.7% |
| 2005 | 0.58x | GBX3.41 Billion | GBX1.98 Billion | ▼ -48.0% |
| 2004 | 1.12x | GBX3.22 Billion | GBX3.59 Billion | ▼ -14.3% |
| 2003 | 1.30x | GBX1.93 Billion | GBX2.52 Billion | ▼ -3.7% |
| 2002 | 1.35x | GBX1.47 Billion | GBX1.99 Billion | ▲ +102.7% |
| 2001 | 0.67x | GBX1.24 Billion | GBX826.57 Million | ▼ -19.1% |
| 2000 | 0.82x | GBX1.28 Billion | GBX1.05 Billion | ▲ +25.6% |
| 1999 | 0.66x | GBX1.33 Billion | GBX872.98 Million | ▼ -37.7% |
| 1998 | 1.05x | GBX1.09 Billion | GBX1.15 Billion | ▲ +85.8% |
| 1997 | 0.57x | GBX877.58 Million | GBX497.66 Million | ▼ -53.4% |
| 1996 | 1.22x | GBX741.52 Million | GBX901.90 Million | ▲ +47.6% |
| 1995 | 0.82x | GBX587.21 Million | GBX483.90 Million | ▼ -25.6% |
| 1994 | 1.11x | GBX537.14 Million | GBX594.79 Million | ▼ -25.5% |
| 1993 | 1.49x | GBX479.80 Million | GBX712.80 Million | ▲ +384.9% |
| 1992 | 0.31x | GBX394.30 Million | GBX120.80 Million | ▼ -9.6% |
| 1991 | 0.34x | GBX344.40 Million | GBX116.70 Million | — |