Carnival PLC (CCL) — Cash Flow-to-Debt Ratio
Carnival PLC (CCL) has a Cash Flow-to-Debt Ratio of 0.03x as of February 2026, meaning its operating cash flow of GBX1.25 Billion could theoretically repay 0% of its total liabilities (GBX38.41 Billion) in one year. See financial flexibility index of Carnival PLC to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Carnival PLC Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for Carnival PLC across 35 annual periods. For the full cash flow conversion analysis, see Carnival PLC operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for Carnival PLC (1991–2025)
Year-by-year debt coverage analysis for Carnival PLC. Check cash flow quality index of Carnival PLC to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (GBX) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.16x | GBX6.22 Billion | GBX39.37 Billion | ▲ +4.1% |
| 2024 | 0.15x | GBX5.92 Billion | GBX39.03 Billion | ▲ +49.7% |
| 2023 | 0.10x | GBX4.28 Billion | GBX42.24 Billion | ▲ +370.9% |
| 2022 | -0.04x | GBX-1.67 Billion | GBX44.64 Billion | ▲ +62.5% |
| 2021 | -0.10x | GBX-4.11 Billion | GBX41.20 Billion | ▲ +47.7% |
| 2020 | -0.19x | GBX-6.30 Billion | GBX33.04 Billion | ▼ -168.6% |
| 2019 | 0.28x | GBX5.47 Billion | GBX19.69 Billion | ▼ -10.0% |
| 2018 | 0.31x | GBX5.55 Billion | GBX17.96 Billion | ▼ -3.8% |
| 2017 | 0.32x | GBX5.32 Billion | GBX16.56 Billion | ▲ +2.3% |
| 2016 | 0.31x | GBX5.13 Billion | GBX16.34 Billion | ▲ +6.9% |
| 2015 | 0.29x | GBX4.54 Billion | GBX15.47 Billion | ▲ +30.6% |
| 2014 | 0.23x | GBX3.43 Billion | GBX15.24 Billion | ▲ +23.4% |
| 2013 | 0.18x | GBX2.83 Billion | GBX15.55 Billion | ▼ -7.4% |
| 2012 | 0.20x | GBX3.00 Billion | GBX15.23 Billion | ▼ -22.6% |
| 2011 | 0.25x | GBX3.77 Billion | GBX14.80 Billion | ▼ -3.7% |
| 2010 | 0.26x | GBX3.82 Billion | GBX14.46 Billion | ▲ +16.9% |
| 2009 | 0.23x | GBX3.34 Billion | GBX14.80 Billion | ▼ -4.8% |
| 2008 | 0.24x | GBX3.39 Billion | GBX14.30 Billion | ▼ -17.2% |
| 2007 | 0.29x | GBX4.07 Billion | GBX14.22 Billion | ▼ -2.8% |
| 2006 | 0.29x | GBX3.63 Billion | GBX12.34 Billion | ▼ -1.1% |
| 2005 | 0.30x | GBX3.41 Billion | GBX11.46 Billion | ▲ +9.9% |
| 2004 | 0.27x | GBX3.22 Billion | GBX11.88 Billion | ▲ +49.9% |
| 2003 | 0.18x | GBX1.93 Billion | GBX10.70 Billion | ▼ -39.5% |
| 2002 | 0.30x | GBX1.47 Billion | GBX4.92 Billion | ▲ +19.9% |
| 2001 | 0.25x | GBX1.24 Billion | GBX4.97 Billion | ▼ -22.9% |
| 2000 | 0.32x | GBX1.28 Billion | GBX3.96 Billion | ▼ -42.8% |
| 1999 | 0.56x | GBX1.33 Billion | GBX2.36 Billion | ▲ +42.8% |
| 1998 | 0.40x | GBX1.09 Billion | GBX2.76 Billion | ▼ -17.9% |
| 1997 | 0.48x | GBX877.58 Million | GBX1.82 Billion | ▲ +34.5% |
| 1996 | 0.36x | GBX741.52 Million | GBX2.07 Billion | ▲ +7.4% |
| 1995 | 0.33x | GBX587.21 Million | GBX1.76 Billion | ▲ +8.1% |
| 1994 | 0.31x | GBX537.14 Million | GBX1.74 Billion | ▲ +2.4% |
| 1993 | 0.30x | GBX479.80 Million | GBX1.59 Billion | ▼ -3.6% |
| 1992 | 0.31x | GBX394.30 Million | GBX1.26 Billion | ▲ +34.3% |
| 1991 | 0.23x | GBX344.40 Million | GBX1.48 Billion | — |