Carnival Corporation (CCL) — Cash Flow-to-Debt Ratio
Carnival Corporation (CCL) has a Cash Flow-to-Debt Ratio of 0.03x as of February 2026, meaning its operating cash flow of $1.26 Billion could theoretically repay 0% of its total liabilities ($38.52 Billion) in one year. See Carnival Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Carnival Corporation Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for Carnival Corporation across 35 annual periods. Also explore CCL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Carnival Corporation (1991–2025)
Year-by-year debt coverage analysis for Carnival Corporation. For market capitalisation and broader financial context, see Carnival Corporation market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.16x | $6.22 Billion | $39.40 Billion | ▲ +6.1% |
| 2024 | 0.15x | $5.92 Billion | $39.81 Billion | ▲ +46.8% |
| 2023 | 0.10x | $4.28 Billion | $42.24 Billion | ▲ +370.9% |
| 2022 | -0.04x | $-1.67 Billion | $44.64 Billion | ▲ +62.5% |
| 2021 | -0.10x | $-4.11 Billion | $41.20 Billion | ▲ +47.7% |
| 2020 | -0.19x | $-6.30 Billion | $33.04 Billion | ▼ -168.6% |
| 2019 | 0.28x | $5.47 Billion | $19.69 Billion | ▼ -10.0% |
| 2018 | 0.31x | $5.55 Billion | $17.96 Billion | ▼ -3.8% |
| 2017 | 0.32x | $5.32 Billion | $16.56 Billion | ▲ +2.3% |
| 2016 | 0.31x | $5.13 Billion | $16.34 Billion | ▲ +6.9% |
| 2015 | 0.29x | $4.54 Billion | $15.47 Billion | ▲ +30.6% |
| 2014 | 0.23x | $3.43 Billion | $15.24 Billion | ▲ +23.4% |
| 2013 | 0.18x | $2.83 Billion | $15.55 Billion | ▼ -7.4% |
| 2012 | 0.20x | $3.00 Billion | $15.23 Billion | ▼ -22.6% |
| 2011 | 0.25x | $3.77 Billion | $14.80 Billion | ▼ -3.7% |
| 2010 | 0.26x | $3.82 Billion | $14.46 Billion | ▲ +16.9% |
| 2009 | 0.23x | $3.34 Billion | $14.80 Billion | ▼ -4.8% |
| 2008 | 0.24x | $3.39 Billion | $14.30 Billion | ▼ -17.2% |
| 2007 | 0.29x | $4.07 Billion | $14.22 Billion | ▼ -2.8% |
| 2006 | 0.29x | $3.63 Billion | $12.34 Billion | ▼ -1.1% |
| 2005 | 0.30x | $3.41 Billion | $11.46 Billion | ▲ +9.9% |
| 2004 | 0.27x | $3.22 Billion | $11.88 Billion | ▲ +49.9% |
| 2003 | 0.18x | $1.93 Billion | $10.70 Billion | ▼ -39.5% |
| 2002 | 0.30x | $1.47 Billion | $4.92 Billion | ▲ +19.9% |
| 2001 | 0.25x | $1.24 Billion | $4.97 Billion | ▼ -22.9% |
| 2000 | 0.32x | $1.28 Billion | $3.96 Billion | ▼ -42.8% |
| 1999 | 0.56x | $1.33 Billion | $2.36 Billion | ▲ +42.8% |
| 1998 | 0.40x | $1.09 Billion | $2.76 Billion | ▼ -17.9% |
| 1997 | 0.48x | $877.58 Million | $1.82 Billion | ▲ +34.5% |
| 1996 | 0.36x | $741.52 Million | $2.07 Billion | ▲ +7.4% |
| 1995 | 0.33x | $587.21 Million | $1.76 Billion | ▲ +8.1% |
| 1994 | 0.31x | $537.14 Million | $1.74 Billion | ▲ +2.4% |
| 1993 | 0.30x | $479.80 Million | $1.59 Billion | ▼ -3.6% |
| 1992 | 0.31x | $394.30 Million | $1.26 Billion | ▲ +34.3% |
| 1991 | 0.23x | $344.40 Million | $1.48 Billion | — |