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Debt-to-equity at other companies

Royal Caribbean Group logo
Royal Caribbean GroupRCL
0.1×0.0×
Walt Disney logo
Walt DisneyDIS
0.4×0.0×
Hyatt Hotels logo
Hyatt HotelsH
1.6×+0.3×
Packaging Corp of America logo
Packaging Corp of AmericaPKG
+0.3×

Other financials

Income statement

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Revenue$6.2B+6.1%
Gross profit$3.8B+4.9%
Operating income$607.0M+11.8%
Net income$258.0M+431%
EPS (diluted)$0.19+417%

Balance sheet

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Cash & equivalents$1.5B+70.2%
Total debt$28.8B-5.9%
Total equity$13.0B+41.9%
Total assets$51.6B+6.2%

Cash flow

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Operating cash flow$1.3B+36.5%
CapEx$566.0M-6.8%
Free cash flow$697.0M+119%

Valuation

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Market cap$42.76B+34.8%
Enterprise value$70.13B+14.3%
P/E13.8×-1.7×
P/S1.6×+0.3×

Profitability

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Gross margin39.5%+2.5pp
Operating margin16.9%+1.7pp
Net margin11.5%+3.4pp
FCF margin11.1%+3.3pp

Returns & leverage

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Return on equity27.9%+2.0pp
Current ratio0.3×0.0×

Where this comes from

Calculated from Carnival Corporation’s reported figures.

Based on the most recent quarter.

The official record: Carnival Corporation’s 10-Q, filed March 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carnival Corporation's debt-to-equity?
Carnival Corporation (CCL) reported debt-to-equity of 2.2× in Q4 2025.
How has Carnival Corporation's debt-to-equity changed year-over-year?
Carnival Corporation's debt-to-equity decreased by 33.7% year-over-year, from 3.3× to 2.2×.
What is the long-term trend for Carnival Corporation's debt-to-equity?
Over 5 years (2020 to 2025), Carnival Corporation's debt-to-equity has grown at a 10.3% compound annual growth rate (CAGR), from 1.6× to 2.6×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.