Carnival Corporation & plc (POH1) — Working Capital to Net Assets Ratio
Carnival Corporation & plc (POH1) has a Working Capital to Net Assets ratio of -66.7% as of February 2026. Working capital of €-8.70 Billion (current assets of €3.72 Billion minus current liabilities of €12.42 Billion) is measured against net assets of €13.05 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Carnival Corporation & plc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Carnival Corporation & plc Working Capital to Net Assets (2014–2025)
This chart shows how Carnival Corporation & plc's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of February 2026, the ratio stands at -66.7%, reflecting working capital of €-8.70 Billion against net assets of €13.05 Billion EUR. For the complete balance sheet picture, see POH1 current and non-current assets.
Annual Working Capital to Net Assets for Carnival Corporation & plc (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Carnival Corporation & plc from 2014 to 2025, covering 12 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check POH1 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -72.2% | €-8.87 Billion | €12.28 Billion | €4.22 Billion | €13.09 Billion | ▲ +16.8 pp |
| 2024 | -89.1% | €-8.24 Billion | €9.25 Billion | €3.38 Billion | €11.62 Billion | ▲ +1.3 pp |
| 2023 | -90.3% | €-6.21 Billion | €6.88 Billion | €5.27 Billion | €11.48 Billion | ▼ -46.2 pp |
| 2022 | -44.1% | €-3.11 Billion | €7.06 Billion | €7.49 Billion | €10.61 Billion | ▼ -41.8 pp |
| 2021 | -2.3% | €-275.00 Million | €12.14 Billion | €10.13 Billion | €10.41 Billion | ▼ -11.4 pp |
| 2020 | 9.1% | €1.88 Billion | €20.55 Billion | €10.56 Billion | €8.69 Billion | ▲ +37.0 pp |
| 2019 | -27.9% | €-7.07 Billion | €25.36 Billion | €2.06 Billion | €9.13 Billion | ▲ +0.7 pp |
| 2018 | -28.6% | €-6.98 Billion | €24.44 Billion | €2.23 Billion | €9.21 Billion | ▲ +1.2 pp |
| 2017 | -29.7% | €-7.20 Billion | €24.22 Billion | €1.60 Billion | €8.80 Billion | ▼ -5.9 pp |
| 2016 | -23.8% | €-5.38 Billion | €22.60 Billion | €1.69 Billion | €7.07 Billion | ▼ -4.9 pp |
| 2015 | -19.0% | €-4.50 Billion | €23.77 Billion | €2.45 Billion | €6.96 Billion | ▲ +3.5 pp |
| 2014 | -22.4% | €-5.43 Billion | €24.20 Billion | €1.49 Billion | €6.92 Billion | — |