Carnival Corporation (CCL) — Tangible Net Worth Ratio
Carnival Corporation (CCL) has a Tangible Net Worth Ratio of 90.9% as of February 2026. This metric is calculated by deducting intangible assets ($1.18 Billion) from net assets ($13.05 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Carnival Corporation shareholders equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Carnival Corporation Tangible Net Worth Ratio (1986–2025)
This chart shows how Carnival Corporation's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of February 2026, the ratio stands at 90.9%, reflecting net assets of $13.05 Billion with intangible assets of $1.18 Billion USD. Also explore Carnival Corporation (CCL) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Carnival Corporation (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Carnival Corporation from 1986 to 2025, covering 40 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market cap of Carnival Corporation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 90.4% | $12.28 Billion | $1.18 Billion | $51.69 Billion | ▲ +3.0 pp |
| 2024 | 87.4% | $9.25 Billion | $1.16 Billion | $49.06 Billion | ▲ +4.4 pp |
| 2023 | 83.0% | $6.88 Billion | $1.17 Billion | $49.12 Billion | ▼ -0.6 pp |
| 2022 | 83.6% | $7.06 Billion | $1.16 Billion | $51.70 Billion | ▼ -6.6 pp |
| 2021 | 90.3% | $12.14 Billion | $1.18 Billion | $53.34 Billion | ▼ -4.0 pp |
| 2020 | 94.2% | $20.55 Billion | $1.19 Billion | $53.59 Billion | ▼ -1.1 pp |
| 2019 | 95.4% | $25.36 Billion | $1.17 Billion | $45.06 Billion | ▲ +0.2 pp |
| 2018 | 95.2% | $24.44 Billion | $1.18 Billion | $42.40 Billion | ▲ +0.1 pp |
| 2017 | 95.0% | $24.22 Billion | $1.20 Billion | $40.78 Billion | ▲ +0.7 pp |
| 2016 | 94.4% | $22.60 Billion | $1.27 Billion | $38.94 Billion | ▼ -0.1 pp |
| 2015 | 94.5% | $23.77 Billion | $1.31 Billion | $39.24 Billion | ▼ -0.3 pp |
| 2014 | 94.8% | $24.29 Billion | $1.27 Billion | $39.53 Billion | ▲ +0.0 pp |
| 2013 | 94.7% | $24.56 Billion | $1.29 Billion | $40.10 Billion | ▲ +0.2 pp |
| 2012 | 94.5% | $23.93 Billion | $1.31 Billion | $39.16 Billion | ▲ +0.1 pp |
| 2011 | 94.4% | $23.83 Billion | $1.33 Billion | $38.64 Billion | ▲ +0.2 pp |
| 2010 | 94.3% | $23.03 Billion | $1.32 Billion | $37.49 Billion | ▲ +0.4 pp |
| 2009 | 93.9% | $22.04 Billion | $1.35 Billion | $36.84 Billion | ▲ +0.7 pp |
| 2008 | 93.2% | $19.10 Billion | $1.29 Billion | $33.40 Billion | ▲ +0.2 pp |
| 2007 | 93.0% | $19.96 Billion | $1.39 Billion | $34.18 Billion | ▲ +0.3 pp |
| 2006 | 92.7% | $18.21 Billion | $1.32 Billion | $30.55 Billion | ▲ +0.3 pp |
| 2005 | 92.4% | $16.97 Billion | $1.28 Billion | $28.43 Billion | ▲ +0.7 pp |
| 2004 | 91.7% | $15.76 Billion | $1.31 Billion | $27.64 Billion | ▲ +1.3 pp |
| 2003 | 90.4% | $13.79 Billion | $1.32 Billion | $24.49 Billion | ▼ -0.4 pp |
| 2002 | 90.8% | $7.42 Billion | $681.00 Million | $12.33 Billion | ▲ +0.7 pp |
| 2001 | 90.1% | $6.59 Billion | $652.00 Million | $11.56 Billion | ▲ +2.1 pp |
| 2000 | 88.1% | $5.87 Billion | $701.38 Million | $9.83 Billion | ▼ -4.2 pp |
| 1999 | 92.2% | $5.93 Billion | $462.30 Million | $8.29 Billion | ▼ -7.8 pp |
| 1998 | 100.0% | $4.42 Billion | $0.00 | $7.18 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $3.61 Billion | $0.00 | $5.43 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $3.03 Billion | $0.00 | $5.10 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $2.34 Billion | $0.00 | $4.11 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | $1.93 Billion | $0.00 | $3.67 Billion | ▲ +14.6 pp |
| 1993 | 85.4% | $1.63 Billion | $237.30 Million | $3.22 Billion | ▲ +3.1 pp |
| 1992 | 82.3% | $1.38 Billion | $244.80 Million | $2.65 Billion | ▲ +4.0 pp |
| 1991 | 78.3% | $1.17 Billion | $254.10 Million | $2.65 Billion | ▲ +3.7 pp |
| 1990 | 74.6% | $1.04 Billion | $263.50 Million | $2.68 Billion | ▲ +5.0 pp |
| 1989 | 69.6% | $893.20 Million | $271.60 Million | $2.22 Billion | ▼ -30.4 pp |
| 1988 | 100.0% | $752.30 Million | $0.00 | $1.05 Billion | ▲ +0.0 pp |
| 1987 | 100.0% | $635.50 Million | $0.00 | $941.00 Million | ▲ +0.0 pp |
| 1986 | 100.0% | $207.80 Million | $0.00 | $528.10 Million | — |