Carnival Plc ADS (CUK) — Tangible Net Worth Ratio

Latest as of February 2026: 90.9%

Carnival Plc ADS (CUK) 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 working capital position of Carnival Plc ADS to evaluate short-term liquidity relative to the company's equity base.

Tangible NW Ratio

90.9%
Tangible equity / total equity

Net Assets (Equity)

$13.05 Billion
USD

Intangible Assets

$1.18 Billion
Goodwill, patents, brand value

Total Assets

$51.57 Billion
USD

Carnival Plc ADS Tangible Net Worth Ratio (1986–2025)

This chart shows how Carnival Plc ADS'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. See operational self-sufficiency of Carnival Plc ADS to measure how many days the company can operate on defensive assets alone.

Annual Tangible Net Worth Ratio for Carnival Plc ADS (1986–2025)

The table below presents the year-by-year Tangible Net Worth Ratio for Carnival Plc ADS 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 value of Carnival Plc ADS.

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
pp = percentage points