Carnival PLC (CCL) — Working Capital to Net Assets Ratio
Carnival PLC (CCL) has a Working Capital to Net Assets ratio of -69.7% as of February 2026. Working capital of GBX-9.07 Billion (current assets of GBX3.31 Billion minus current liabilities of GBX12.38 Billion) is measured against net assets of GBX13.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Carnival PLC free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Carnival PLC Working Capital to Net Assets (1986–2025)
This chart shows how Carnival PLC's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of February 2026, the ratio stands at -69.7%, reflecting working capital of GBX-9.07 Billion against net assets of GBX13.01 Billion GBX. See operational self-sufficiency of Carnival PLC to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Carnival PLC (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Carnival PLC from 1986 to 2025, covering 40 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. For live market cap and the full company profile, see Carnival PLC market cap and net worth.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -72.2% | GBX-8.87 Billion | GBX12.27 Billion | GBX4.21 Billion | GBX13.08 Billion | ▲ +16.8 pp |
| 2024 | -89.1% | GBX-8.24 Billion | GBX9.25 Billion | GBX3.38 Billion | GBX11.62 Billion | ▲ +1.2 pp |
| 2023 | -90.3% | GBX-6.21 Billion | GBX6.88 Billion | GBX5.27 Billion | GBX11.48 Billion | ▼ -46.2 pp |
| 2022 | -44.1% | GBX-3.11 Billion | GBX7.06 Billion | GBX7.49 Billion | GBX10.61 Billion | ▼ -41.8 pp |
| 2021 | -2.3% | GBX-275.00 Million | GBX12.14 Billion | GBX10.13 Billion | GBX10.41 Billion | ▼ -11.4 pp |
| 2020 | 9.1% | GBX1.88 Billion | GBX20.55 Billion | GBX10.56 Billion | GBX8.69 Billion | ▲ +37.0 pp |
| 2019 | -27.9% | GBX-7.07 Billion | GBX25.36 Billion | GBX2.06 Billion | GBX9.13 Billion | ▲ +0.7 pp |
| 2018 | -28.6% | GBX-6.98 Billion | GBX24.44 Billion | GBX2.23 Billion | GBX9.20 Billion | ▲ +1.2 pp |
| 2017 | -29.7% | GBX-7.20 Billion | GBX24.22 Billion | GBX1.60 Billion | GBX8.80 Billion | ▼ -5.9 pp |
| 2016 | -23.8% | GBX-5.38 Billion | GBX22.60 Billion | GBX1.69 Billion | GBX7.07 Billion | ▼ -4.9 pp |
| 2015 | -19.0% | GBX-4.50 Billion | GBX23.77 Billion | GBX2.45 Billion | GBX6.96 Billion | ▲ +3.4 pp |
| 2014 | -22.3% | GBX-5.42 Billion | GBX24.29 Billion | GBX1.50 Billion | GBX6.92 Billion | ▼ -2.8 pp |
| 2013 | -19.5% | GBX-4.78 Billion | GBX24.56 Billion | GBX1.94 Billion | GBX6.72 Billion | ▲ +3.6 pp |
| 2012 | -23.1% | GBX-5.52 Billion | GBX23.93 Billion | GBX1.82 Billion | GBX7.34 Billion | ▼ -3.0 pp |
| 2011 | -20.1% | GBX-4.79 Billion | GBX23.83 Billion | GBX1.31 Billion | GBX6.11 Billion | ▼ -0.5 pp |
| 2010 | -19.6% | GBX-4.51 Billion | GBX23.03 Billion | GBX1.24 Billion | GBX5.75 Billion | ▼ -3.9 pp |
| 2009 | -15.7% | GBX-3.45 Billion | GBX22.04 Billion | GBX1.52 Billion | GBX4.97 Billion | ▲ +6.0 pp |
| 2008 | -21.6% | GBX-4.13 Billion | GBX19.10 Billion | GBX1.65 Billion | GBX5.78 Billion | ▲ +4.8 pp |
| 2007 | -26.5% | GBX-5.28 Billion | GBX19.96 Billion | GBX1.98 Billion | GBX7.26 Billion | ▼ -7.7 pp |
| 2006 | -18.8% | GBX-3.42 Billion | GBX18.21 Billion | GBX2.00 Billion | GBX5.42 Billion | ▼ -1.2 pp |
| 2005 | -17.5% | GBX-2.98 Billion | GBX16.97 Billion | GBX2.21 Billion | GBX5.19 Billion | ▲ +3.4 pp |
| 2004 | -21.0% | GBX-3.31 Billion | GBX15.76 Billion | GBX1.73 Billion | GBX5.03 Billion | ▼ -12.4 pp |
| 2003 | -8.6% | GBX-1.18 Billion | GBX13.79 Billion | GBX2.13 Billion | GBX3.31 Billion | ▼ -2.0 pp |
| 2002 | -6.6% | GBX-487.65 Million | GBX7.42 Billion | GBX1.13 Billion | GBX1.62 Billion | ▼ -13.8 pp |
| 2001 | 7.3% | GBX478.75 Million | GBX6.59 Billion | GBX1.96 Billion | GBX1.48 Billion | ▲ +27.1 pp |
| 2000 | -19.9% | GBX-1.17 Billion | GBX5.87 Billion | GBX549.48 Million | GBX1.72 Billion | ▼ -9.5 pp |
| 1999 | -10.3% | GBX-613.28 Million | GBX5.93 Billion | GBX791.64 Million | GBX1.40 Billion | ▲ +7.0 pp |
| 1998 | -17.3% | GBX-764.83 Million | GBX4.42 Billion | GBX370.28 Million | GBX1.14 Billion | ▼ -4.8 pp |
| 1997 | -12.5% | GBX-450.12 Million | GBX3.61 Billion | GBX336.02 Million | GBX786.14 Million | ▼ -0.2 pp |
| 1996 | -12.3% | GBX-371.81 Million | GBX3.03 Billion | GBX290.93 Million | GBX662.74 Million | ▲ +2.2 pp |
| 1995 | -14.4% | GBX-338.33 Million | GBX2.34 Billion | GBX256.38 Million | GBX594.71 Million | ▲ +2.4 pp |
| 1994 | -16.8% | GBX-324.51 Million | GBX1.93 Billion | GBX240.45 Million | GBX564.96 Million | ▲ +1.4 pp |
| 1993 | -18.2% | GBX-296.20 Million | GBX1.63 Billion | GBX253.80 Million | GBX550.00 Million | ▼ -6.4 pp |
| 1992 | -11.8% | GBX-163.40 Million | GBX1.38 Billion | GBX311.40 Million | GBX474.80 Million | ▲ +4.2 pp |
| 1991 | -16.0% | GBX-187.50 Million | GBX1.17 Billion | GBX363.80 Million | GBX551.30 Million | ▲ +18.1 pp |
| 1990 | -34.1% | GBX-353.00 Million | GBX1.04 Billion | GBX221.30 Million | GBX574.30 Million | ▼ -1.3 pp |
| 1989 | -32.8% | GBX-292.70 Million | GBX893.20 Million | GBX211.30 Million | GBX504.00 Million | ▼ -55.9 pp |
| 1988 | 23.2% | GBX174.20 Million | GBX752.30 Million | GBX395.00 Million | GBX220.80 Million | ▼ -2.0 pp |
| 1987 | 25.2% | GBX160.10 Million | GBX635.50 Million | GBX375.40 Million | GBX215.30 Million | ▲ +50.5 pp |
| 1986 | -25.3% | GBX-52.60 Million | GBX207.80 Million | GBX82.50 Million | GBX135.10 Million | — |