Carnival PLC Capital Reinvestment Ratio
Carnival PLC 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). See CCL free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Carnival PLC (1991–2025)
Capital reinvestment ratio of Carnival PLC from 1991 to 2025. This chart tracks Carnival PLC's Capital Reinvestment Ratio across 32 annual periods. See CCL financial flexibility score to measure the company's free cash flow as a share of total liabilities.
Carnival PLC Capital Reinvestment Ratio by Year (1991–2025)
Carnival PLC capital reinvestment ratio by year from 1991 to 2025. For the full cash flow conversion analysis, see CCL cash flow conversion.
| 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 | — |