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Carnival Corporation CCL Interest coverage

Interest coverage at other companies

Royal Caribbean Group logo
Royal Caribbean GroupRCL
+2.0×
Hyatt Hotels logo
Hyatt HotelsH
1.3×-5.1×

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
Debt / equity2.2×-1.1×
Current ratio0.3×0.0×

Where this comes from

Calculated from Carnival Corporation’s reported figures.

Based on trailing twelve months.

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 interest coverage?
Carnival Corporation (CCL) reported interest coverage of 3.6× in Q4 2025.
How has Carnival Corporation's interest coverage changed year-over-year?
Carnival Corporation's interest coverage increased by 55.5% year-over-year, from 2.3× to 3.6×.
What is the long-term trend for Carnival Corporation's interest coverage?
Over 5 years (2020 to 2025), Carnival Corporation's interest coverage has grown at a -19.6% compound annual growth rate (CAGR), from -9.9× to 3.3×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.