Income StatementBalance SheetCash FlowSegments
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Carnival Corporation Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Carnival Corporation holds $51.6B in total assets. Shareholders' equity is $13.0B against $28.8B in total debt. Cash and equivalents total $1.5B. The current ratio is 0.299 and debt-to-equity is 2.21. Based on the Q4 2025 filing.

Total Assets$51.6BTotal Stockholders Equity$13.0BLong Term Debt$26.0BCash And Equivalents$1.5BTotal Current Assets$3.7BTotal Current Liabilities$12.4B
Latest FilingQ4 2025
Report Date2026-03-27
Market Cap$34.9B
P/E Ratio11.27
ROE27.88%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.1B$1.1B$1.2B$1.2B$1.2B$1.2B
Accrued expenses$2.4B$1.9B$2.1B$2.0B$2.2B$2.0B
Other Commercial Liabilities$2.4B$1.9B$2.1B$2.0B$2.2B$2.0B
Contract liabilities$6.8B$7.3B$8.5B$7.1B$7.2B$7.9B
Accrued Liabilities, Current$2.4B$1.9B$2.1B$2.0B$2.2B$2.0B
Current portion of long-term debt$1.5B$1.5B$1.4B$1.4B$2.6B$1.5B
Deferred revenue$6.4B$6.9B$8.1B$6.7B$6.8B$7.5B
Device Payment Plan Trade-in Liability$6.8B$7.3B$8.5B$7.1B$7.2B$7.9B
Operating lease liabilities, current$163.0M$164.0M$177.0M$178.0M$175.0M$171.0M
Total current liabilities$11.6B$11.6B$12.9B$11.4B$13.1B$12.4B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$590.0M$543.0M$569.0M$651.0M$678.0M$663.0M
Cash and cash equivalents$1.2B$856.0M$2.2B$1.8B$2.0B$1.5B
Other current assets$1.1B$1.1B$1.2B$979.0M$1.1B$1.1B
Inventories$507.0M$518.0M$476.0M$475.0M$505.0M$510.0M
Prepaid expenses and other current assets$1.1B$1.1B$1.2B$979.0M$1.1B$1.1B
Restricted cash$21.0M$23.0M$25.0M$29.0M$30.0M$33.0M
Total current assets$3.4B$3.0B$4.3B$3.9B$4.2B$3.7B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$17.2B$17.2B$17.2B$17.2B$17.3B$17.9B
Accumulated other comprehensive income (loss)-$2.0B-$2.0B-$1.8B-$1.7B-$1.8B-$1.7B
Noncontrolling interests————$14.0M$18.0M
Retained earnings$2.1B$2.0B$2.5B$4.4B$4.8B$4.7B
Total liabilities and stockholders' equity$49.1B$48.5B$51.2B$50.8B$51.7B$51.6B
Total stockholders' equity$9.3B$9.2B$10.0B$11.9B$12.3B$13.0B
Treasury stock$8.4B$8.4B$8.4B$8.4B$8.4B$8.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract with Customer, Asset, after Allowance for Credit Loss$336.0M$354.0M$445.0M$339.0M$363.0M$393.0M
Contract with Customer, Liability$6.8B$7.3B$8.5B$7.1B$7.2B$7.9B
Cost of prepaid air and other transportation costs$219.0M$241.0M$228.0M$206.0M$233.0M$221.0M
Debt Issuance Costs, Net$738.0M$693.0M$713.0M$707.0M$744.0M$713.0M
Trademarks$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
2028—$4.9B$5.0B$2.0B—$4.0B
2029—$6.7B$6.8B$5.0B—$4.2B
2030—$4.3B$4.8B$4.8B—$2.9B
2027—$2.7B$1.4B$1.4B—$2.5B
Remainder of 2026—$1.1B$692.0M$261.0M—$1.1B
Thereafter—$8.0B$9.4B$13.7B—$11.4B
Number of class actions, COVID-19—2.002.002.00—2.00
Noncontrolling interests in subsidiaries————$14.0M$18.0M
Ships and ship improvements—$39.0B$39.8B$39.7B—$40.7B
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two—$1.3B$1.6B$1.6B—$1.5B
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four—$1.5B$1.8B$1.8B—$1.7B
Purchase commitments, Due in 2027—$400.0M$500.0M$500.0M—$1.6B
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Three—$1.3B$1.4B$1.5B—$1.9B
Unrecorded Unconditional Purchase Obligation, to be Paid, Remainder of Fiscal Year—$900.0M$900.0M$900.0M—$500.0M
Thereafter—$3.2B$6.3B$6.5B—$4.9B
Vessels and material intellectual property—$22.1B$22.7B$22.7B—$22.5B
Vessels and related assets—$20.5B$21.1B$21.0B—$20.8B
Remainder of Fiscal Year 2024—$1.1B$692.0M$261.0M—$1.1B
Unrecorded Unconditional Purchase Obligation—$400.0M$500.0M$500.0M—$1.6B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 2024—$1.1B$692.0M$261.0M—$1.1B
Debt Maturity - 2027—$6.7B$6.8B$5.0B—$4.2B
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$738.0M$693.0M$713.0M$707.0M$744.0M$713.0M
Long-term debt$28.2B$27.7B$28.0B$27.2B$27.4B$26.0B
Operating lease liabilities, non-current$1.2B$1.2B$1.2B$1.2B$1.2B$1.1B
Other non-current liabilities$1.0B$1.1B$1.2B$1.2B$1.1B$1.2B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$775.0M$822.0M$943.0M$962.0M$890.0M$1.1B
Goodwill$579.0M$579.0M$579.0M$579.0M$579.0M$579.0M
Indefinite-Lived Intangible Assets$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Indefinite-Lived Intangible Assets, Gross$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Indefinite-Lived Research and Development Assets$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Indefinite-Lived Trademarks$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Intangible assets, net$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Other intangible assets—net$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Operating lease right-of-use assets$1.4B$1.3B$1.4B$1.4B$1.3B$1.3B
Other non-current assets$775.0M$822.0M$943.0M$962.0M$890.0M$1.1B
Operating lease right-of-use assets$1.4B$1.3B$1.4B$1.4B$1.3B$1.3B
Operating Lease Right-of-Use Assets in Other Assets$1.4B$1.3B$1.4B$1.4B$1.3B$1.3B
Other non-current assets$775.0M$822.0M$943.0M$962.0M$890.0M$1.1B
Property and equipment, net$41.8B$41.7B$42.8B$42.9B$43.5B$43.7B
Software and Technology Licenses, Net$775.0M$822.0M$943.0M$962.0M$890.0M$1.1B
Total assets$49.1B$48.5B$51.2B$50.8B$51.7B$51.6B