Carnival Corporation (CCL) — Financial Flexibility Index
Carnival Corporation (CCL) has a Financial Flexibility Index of 0.05x as of February 2026. Free cash flow of $1.83 Billion (operating CF $1.26 Billion minus capex $566.00 Million) represents 0% of total liabilities ($38.52 Billion). Check Carnival Corporation (CCL) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Carnival Corporation Financial Flexibility Index (1991–2025)
Historical Financial Flexibility Index trend for Carnival Corporation across 35 annual periods. For the full cash flow conversion analysis, see CCL cash flow conversion.
Annual Financial Flexibility Index for Carnival Corporation (1991–2025)
Year-by-year free cash flow to debt coverage for Carnival Corporation. Explore Carnival Corporation (CCL) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.25x | $9.83 Billion | $6.22 Billion | $39.40 Billion | ▼ -5.9% |
| 2024 | 0.27x | $10.55 Billion | $5.92 Billion | $39.81 Billion | ▲ +48.0% |
| 2023 | 0.18x | $7.57 Billion | $4.28 Billion | $42.24 Billion | ▲ +144.5% |
| 2022 | 0.07x | $3.27 Billion | $-1.67 Billion | $44.64 Billion | ▲ +701.2% |
| 2021 | -0.01x | $-502.00 Million | $-4.11 Billion | $41.20 Billion | ▲ +85.0% |
| 2020 | -0.08x | $-2.68 Billion | $-6.30 Billion | $33.04 Billion | ▼ -114.7% |
| 2019 | 0.55x | $10.90 Billion | $5.47 Billion | $19.69 Billion | ▲ +6.9% |
| 2018 | 0.52x | $9.30 Billion | $5.55 Billion | $17.96 Billion | ▲ +3.7% |
| 2017 | 0.50x | $8.27 Billion | $5.32 Billion | $16.56 Billion | ▼ -0.5% |
| 2016 | 0.50x | $8.20 Billion | $5.13 Billion | $16.34 Billion | ▲ +13.4% |
| 2015 | 0.44x | $6.84 Billion | $4.54 Billion | $15.47 Billion | ▲ +12.1% |
| 2014 | 0.39x | $6.01 Billion | $3.43 Billion | $15.24 Billion | ▲ +23.1% |
| 2013 | 0.32x | $4.98 Billion | $2.83 Billion | $15.55 Billion | ▼ -8.4% |
| 2012 | 0.35x | $5.33 Billion | $3.00 Billion | $15.23 Billion | ▼ -19.8% |
| 2011 | 0.44x | $6.46 Billion | $3.77 Billion | $14.80 Billion | ▼ -14.7% |
| 2010 | 0.51x | $7.40 Billion | $3.82 Billion | $14.46 Billion | ▲ +12.6% |
| 2009 | 0.45x | $6.72 Billion | $3.34 Billion | $14.80 Billion | ▼ -3.7% |
| 2008 | 0.47x | $6.74 Billion | $3.39 Billion | $14.30 Billion | ▼ -9.2% |
| 2007 | 0.52x | $7.38 Billion | $4.07 Billion | $14.22 Billion | ▲ +4.8% |
| 2006 | 0.50x | $6.11 Billion | $3.63 Billion | $12.34 Billion | ▲ +5.4% |
| 2005 | 0.47x | $5.39 Billion | $3.41 Billion | $11.46 Billion | ▼ -17.9% |
| 2004 | 0.57x | $6.80 Billion | $3.22 Billion | $11.88 Billion | ▲ +37.7% |
| 2003 | 0.42x | $4.45 Billion | $1.93 Billion | $10.70 Billion | ▼ -40.8% |
| 2002 | 0.70x | $3.46 Billion | $1.47 Billion | $4.92 Billion | ▲ +69.2% |
| 2001 | 0.42x | $2.07 Billion | $1.24 Billion | $4.97 Billion | ▼ -29.5% |
| 2000 | 0.59x | $2.33 Billion | $1.28 Billion | $3.96 Billion | ▼ -37.0% |
| 1999 | 0.94x | $2.20 Billion | $1.33 Billion | $2.36 Billion | ▲ +15.2% |
| 1998 | 0.81x | $2.24 Billion | $1.09 Billion | $2.76 Billion | ▲ +7.6% |
| 1997 | 0.75x | $1.38 Billion | $877.58 Million | $1.82 Billion | ▼ -4.9% |
| 1996 | 0.79x | $1.64 Billion | $741.52 Million | $2.07 Billion | ▲ +30.4% |
| 1995 | 0.61x | $1.07 Billion | $587.21 Million | $1.76 Billion | ▼ -6.4% |
| 1994 | 0.65x | $1.13 Billion | $537.14 Million | $1.74 Billion | ▼ -13.2% |
| 1993 | 0.75x | $1.19 Billion | $479.80 Million | $1.59 Billion | ▲ +83.4% |
| 1992 | 0.41x | $515.10 Million | $394.30 Million | $1.26 Billion | ▲ +31.1% |
| 1991 | 0.31x | $461.10 Million | $344.40 Million | $1.48 Billion | — |