Carnival Corporation Financial Flexibility Index
Carnival Corporation 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). Explore CCL capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Carnival Corporation (1991–2025)
Financial flexibility index of Carnival Corporation from 1991 to 2025. Historical Financial Flexibility Index trend for Carnival Corporation across 35 annual periods. Check Carnival Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Carnival Corporation Financial Flexibility Index by Year (1991–2025)
Carnival Corporation financial flexibility index by year from 1991 to 2025. Year-by-year free cash flow to debt coverage for Carnival Corporation. For the full cash flow conversion analysis, see how efficiently does Carnival Corporation generate cash.
| 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 | — |