Carnival Corporation Ltd. Financials
Carnival Corporation Ltd. (CCL) reported $26.6B in revenue for fiscal year 2025, up 6.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Debt repair and stronger cash generation are converting a once loss-heavy asset base into real earnings.
Between FY2023 and FY2025, operating cash flow rose from$4.3B to$6.2B while interest expense fell from$2.1B to$1.3B . With total assets still sitting near$50.0B , the move to$2.8B of net income shows the recovery is being amplified by better use of the existing asset base and a much lighter financing drag.
The company looks more solvent long term than two years ago: debt-to-equity improved from 4.1x in FY2023 to 2.0x in FY2025, and equity rebuilt to
Free cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Carnival Corporation Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Carnival Corporation Ltd. has an operating margin of 16.8%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 14.3% the prior year.
Carnival Corporation Ltd.'s revenue grew 6.4% year-over-year to $26.6B, a solid pace of expansion. This earns a growth score of 67/100.
Carnival Corporation Ltd. has elevated debt relative to equity (D/E of 1.96), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.
Carnival Corporation Ltd.'s current ratio of 0.32 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Carnival Corporation Ltd. has a free cash flow margin of 9.8%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.
Carnival Corporation Ltd.'s ROE of 22.5% shows moderate profitability relative to equity, earning a score of 48/100. This is up from 20.7% the prior year.
Carnival Corporation Ltd. scores 1.26, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Carnival Corporation Ltd. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Carnival Corporation Ltd. generates $2.25 in operating cash flow ($6.2B OCF vs $2.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Carnival Corporation Ltd. earns $3.32 in operating income for every $1 of interest expense ($4.5B vs $1.3B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Carnival Corporation Ltd. generated $26.6B in revenue in fiscal year 2025. This represents an increase of 6.4% from the prior year.
Carnival Corporation Ltd.'s EBITDA was $7.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.6% from the prior year.
Carnival Corporation Ltd. reported $2.8B in net income in fiscal year 2025. This represents an increase of 44.1% from the prior year.
Carnival Corporation Ltd. earned $2.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 40.3% from the prior year.
Cash & Balance Sheet
Carnival Corporation Ltd. generated $2.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 101.0% from the prior year.
Carnival Corporation Ltd. held $1.9B in cash against $24.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Carnival Corporation Ltd.'s operating margin was 16.8% in fiscal year 2025, reflecting core business profitability. This is up 2.6 percentage points from the prior year.
Carnival Corporation Ltd.'s net profit margin was 10.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.
Carnival Corporation Ltd.'s ROE was 22.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Carnival Corporation Ltd. invested $3.6B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 21.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
CCL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.3B | $26.6B+6.4% | $25.0B+15.9% | $21.6B+77.5% | $12.2B+537.7% | $1.9B-65.9% | $5.6B-73.1% | $20.8B+10.3% | $18.9B+7.8% | $17.5B+6.8% | $16.4B+4.3% | $15.7B-1.1% | $15.9B | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | $15.6B+9.2% | $14.3B+21.8% | $11.8B+152.6% | $4.7B | N/A | $12.9B+16.4% | $11.1B+5.6% | $10.5B+11.9% | $9.4B-0.7% | $9.4B-9.3% | $10.4B-2.1% | $10.6B+3.1% | $10.3B+0.2% | $10.3B |
| Gross Profit | N/A | N/A | $9.4B+29.0% | $7.3B+1670.3% | $411.0M+115.0% | -$2.7B | N/A | $7.9B+1.6% | $7.8B+11.2% | $7.0B0.0% | $7.0B+11.8% | $6.3B+14.7% | $5.5B | N/A | N/A | N/A |
| SG&A Expenses | $3.5B | $3.4B+4.6% | $3.3B+10.2% | $3.0B+17.3% | $2.5B+33.4% | $1.9B+0.4% | $1.9B-24.3% | $2.5B+1.2% | $2.5B+8.2% | $2.3B+3.1% | $2.2B+6.3% | $2.1B+0.6% | $2.1B+9.3% | $1.9B+9.2% | $1.7B+0.2% | $1.7B |
| Operating Income | $4.5B | $4.5B+25.4% | $3.6B+82.7% | $2.0B+144.7% | -$4.4B+38.2% | -$7.1B+20.0% | -$8.9B-370.6% | $3.3B-1.5% | $3.3B+18.4% | $2.8B-8.5% | $3.1B+19.3% | $2.6B+45.3% | $1.8B+33.3% | $1.3B-19.1% | $1.6B-27.2% | $2.3B |
| Interest Expense | $1.2B | $1.3B-23.1% | $1.8B-15.1% | $2.1B+28.4% | $1.6B+0.5% | $1.6B+78.9% | $895.0M+334.5% | $206.0M+6.2% | $194.0M-2.0% | $198.0M-11.2% | $223.0M+2.8% | $217.0M-24.7% | $288.0M-9.7% | $319.0M-5.1% | $336.0M-7.9% | $365.0M |
| Income Tax | $22.0M | $12.0M+1300.0% | -$1.0M-107.7% | $13.0M-7.1% | $14.0M+166.7% | -$21.0M-23.5% | -$17.0M-123.9% | $71.0M+31.5% | $54.0M-10.0% | $60.0M+222.4% | -$49.0M-216.7% | $42.0M+366.7% | $9.0M+250.0% | -$6.0M-250.0% | $4.0M | $0 |
| Net Income | $3.1B | $2.8B+44.1% | $1.9B+2689.2% | -$74.0M+98.8% | -$6.1B+35.9% | -$9.5B+7.2% | -$10.2B-442.3% | $3.0B-5.1% | $3.2B+21.0% | $2.6B-6.2% | $2.8B+58.2% | $1.8B+44.5% | $1.2B+15.3% | $1.1B-18.7% | $1.3B-32.1% | $1.9B |
| EPS (Diluted) | — | $2.02+40.3% | $1.44+2500.0% | -$0.06+98.8% | -$5.16+39.0% | -$8.46 | -$13.20-405.6% | $4.32-2.7% | $4.44+23.7% | $3.59-3.5% | $3.72+64.6% | $2.26+44.9% | $1.56+14.7% | $1.36-18.6% | $1.67-31.0% | $2.42 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CCL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $51.7B+5.4% | $49.1B-0.1% | $49.1B-5.0% | $51.7B-3.1% | $53.3B-0.5% | $53.6B+18.9% | $45.1B+6.3% | $42.4B+4.0% | $40.8B+4.9% | $38.9B-0.9% | $39.2B-0.5% | $39.4B-1.5% | $40.0B+2.2% | $39.2B+1.4% | $38.6B |
| Current Assets | $4.2B+24.9% | $3.4B-35.9% | $5.3B-29.7% | $7.5B-26.1% | $10.1B-4.1% | $10.6B+413.0% | $2.1B-7.5% | $2.2B+39.4% | $1.6B-5.5% | $1.7B-31.1% | $2.5B+64.7% | $1.5B-23.2% | $1.9B+6.4% | $1.8B+38.8% | $1.3B |
| Cash & Equivalents | $1.9B+59.3% | $1.2B-49.9% | $2.4B-40.1% | $4.0B-54.9% | $8.9B-6.0% | $9.5B+1736.5% | $518.0M-47.3% | $982.0M+148.6% | $395.0M-34.5% | $603.0M-56.8% | $1.4B+321.5% | $331.0M-28.4% | $462.0M-0.6% | $465.0M+3.3% | $450.0M |
| Inventory | $505.0M-0.4% | $507.0M-4.0% | $528.0M+23.4% | $428.0M+20.2% | $356.0M+6.3% | $335.0M-21.5% | $427.0M-5.1% | $450.0M+16.3% | $387.0M+20.2% | $322.0M-2.4% | $330.0M-5.4% | $349.0M-6.7% | $374.0M-4.1% | $390.0M+4.3% | $374.0M |
| Goodwill | $579.0M0.0% | $579.0M0.0% | $579.0M0.0% | $579.0M0.0% | $579.0M-28.3% | $807.0M-72.3% | $2.9B-0.4% | $2.9B-1.4% | $3.0B+2.0% | $2.9B-3.3% | $3.0B-3.7% | $3.1B-2.6% | $3.2B+1.1% | $3.2B-4.5% | $3.3B |
| Total Liabilities | $39.4B-1.0% | $39.8B-5.8% | $42.2B-5.4% | $44.6B+8.3% | $41.2B+24.7% | $33.0B+67.8% | $19.7B+9.7% | $18.0B+8.4% | $16.6B+1.7% | $16.3B+5.3% | $15.5B+1.5% | $15.2B-2.0% | $15.6B+1.8% | $15.3B+3.2% | $14.8B |
| Current Liabilities | $13.1B+12.7% | $11.6B+1.2% | $11.5B+8.3% | $10.6B+1.9% | $10.4B+19.8% | $8.7B-4.8% | $9.1B-0.8% | $9.2B+4.6% | $8.8B+24.4% | $7.1B+1.7% | $7.0B+0.5% | $6.9B+3.0% | $6.7B-8.4% | $7.3B+20.2% | $6.1B |
| Long-Term Debt | $24.0B-7.3% | $25.9B-8.9% | $28.5B-10.9% | $32.0B+12.1% | $28.5B+28.8% | $22.1B+128.7% | $9.7B+22.5% | $7.9B+12.9% | $7.0B-15.8% | $8.3B+12.0% | $7.4B+0.7% | $7.4B-9.0% | $8.1B+12.9% | $7.2B-11.0% | $8.1B |
| Total Equity | $12.3B+32.6% | $9.3B+34.4% | $6.9B-2.6% | $7.1B-41.8% | $12.1B-40.9% | $20.6B-19.0% | $25.4B+3.8% | $24.4B+0.9% | $24.2B+7.2% | $22.6B-4.9% | $23.8B-1.8% | $24.2B-1.2% | $24.5B+2.5% | $23.9B+0.2% | $23.8B |
| Retained Earnings | $4.8B+129.3% | $2.1B+1035.7% | $185.0M-31.2% | $269.0M-95.8% | $6.4B-59.9% | $16.1B-39.7% | $26.7B+6.3% | $25.1B+7.6% | $23.3B+6.6% | $21.8B+8.9% | $20.1B+4.7% | $19.2B+2.0% | $18.8B+1.6% | $18.5B+0.7% | $18.3B |
Not reported in any period shown, so not listed: Accounts Receivable.
CCL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.8B | $6.2B+5.0% | $5.9B+38.4% | $4.3B+356.3% | -$1.7B+59.4% | -$4.1B+34.8% | -$6.3B-215.1% | $5.5B-1.3% | $5.5B+4.3% | $5.3B+3.7% | $5.1B+13.0% | $4.5B+32.5% | $3.4B+21.0% | $2.8B-5.5% | $3.0B-20.4% | $3.8B |
| Capital Expenditures | $3.6B | $3.6B-21.9% | $4.6B+40.9% | $3.3B-33.5% | $4.9B+37.0% | $3.6B-0.4% | $3.6B-33.3% | $5.4B+44.8% | $3.7B+27.3% | $2.9B-3.9% | $3.1B+33.5% | $2.3B-11.2% | $2.6B+20.2% | $2.1B-7.8% | $2.3B-13.5% | $2.7B |
| Free Cash Flow | $3.2B | $2.6B+101.0% | $1.3B+30.1% | $997.0M+115.1% | -$6.6B+14.3% | -$7.7B+22.2% | -$9.9B-21667.4% | $46.0M-97.4% | $1.8B-24.3% | $2.4B+14.8% | $2.1B-8.0% | $2.3B+165.8% | $847.0M+23.6% | $685.0M+2.7% | $667.0M-37.7% | $1.1B |
| Investing Cash Flow | -$3.6B | -$3.3B+26.8% | -$4.5B-61.4% | -$2.8B+41.1% | -$4.8B-34.5% | -$3.5B-9.4% | -$3.2B+38.6% | -$5.3B-50.2% | -$3.5B-12.6% | -$3.1B+6.0% | -$3.3B-34.1% | -$2.5B+1.2% | -$2.5B-21.9% | -$2.1B-16.0% | -$1.8B+33.0% | -$2.6B |
| Financing Cash Flow | -$3.1B | -$2.2B+15.3% | -$2.6B+49.2% | -$5.1B-242.3% | $3.6B-48.5% | $6.9B-62.7% | $18.6B+2947.3% | -$655.0M+55.1% | -$1.5B+40.5% | -$2.5B+5.4% | -$2.6B-175.1% | -$942.0M+8.4% | -$1.0B-31.8% | -$780.0M+34.5% | -$1.2B-8.9% | -$1.1B |
| Dividends Paid | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $689.0M-50.3% | $1.4B+2.4% | $1.4B+24.7% | $1.1B+11.3% | $977.0M+19.7% | $816.0M+5.2% | $776.0M-33.3% | $1.2B+49.4% | $779.0M+16.1% | $671.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $12.0M-98.0% | $603.0M-58.9% | $1.5B+165.9% | $552.0M-76.4% | $2.3B+339.0% | $533.0M | $0-100.0% | $138.0M+53.3% | $90.0M-80.2% | $454.0M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CCL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 37.5%+3.8pp | 33.7%+30.3pp | 3.4% | -144.0% | N/A | 38.0%-3.3pp | 41.3%+1.2pp | 40.0%-2.7pp | 42.8%+2.9pp | 39.9%+5.5pp | 34.4% | N/A | N/A | N/A |
| Operating Margin | 16.8%+2.6pp | 14.3%+5.2pp | 9.1%+45.1pp | -36.0% | -371.5% | -158.4% | 15.7%-1.9pp | 17.6%+1.6pp | 16.0%-2.7pp | 18.7%+2.4pp | 16.4%+5.2pp | 11.2% | N/A | N/A | N/A |
| Net Margin | 10.4%+2.7pp | 7.7%+8.0pp | -0.3%+49.7pp | -50.1% | -498.0% | -182.9% | 14.4%-2.3pp | 16.7%+1.8pp | 14.9%-2.1pp | 17.0%+5.8pp | 11.2%+3.5pp | 7.7% | N/A | N/A | N/A |
| Return on Equity | 22.5%+1.8pp | 20.7%+21.8pp | -1.1%+85.2pp | -86.2%-8.0pp | -78.2%-28.4pp | -49.8%-61.6pp | 11.8%-1.1pp | 12.9%+2.1pp | 10.8%-1.5pp | 12.3%+4.9pp | 7.4%+2.4pp | 5.0%+0.7pp | 4.3%-1.1pp | 5.4%-2.6pp | 8.0% |
| Return on Assets | 5.3%+1.4pp | 3.9%+4.1pp | -0.1%+11.6pp | -11.8%+6.0pp | -17.8%+1.3pp | -19.1%-25.7pp | 6.6%-0.8pp | 7.4%+1.0pp | 6.4%-0.8pp | 7.1%+2.7pp | 4.5%+1.4pp | 3.1%+0.5pp | 2.6%-0.7pp | 3.3%-1.6pp | 5.0% |
| Current Ratio | 0.320.0x | 0.29-0.2x | 0.46-0.2x | 0.71-0.3x | 0.97-0.2x | 1.22+1.0x | 0.230.0x | 0.24+0.1x | 0.18-0.1x | 0.24-0.1x | 0.35+0.1x | 0.21-0.1x | 0.290.0x | 0.250.0x | 0.21 |
| Debt-to-Equity | 1.96-0.8x | 2.80-1.3x | 4.14-0.4x | 4.52+2.2x | 2.35+1.3x | 1.08+0.7x | 0.38+0.1x | 0.320.0x | 0.29-0.1x | 0.37+0.1x | 0.310.0x | 0.300.0x | 0.330.0x | 0.300.0x | 0.34 |
| FCF Margin | 9.8%+4.6pp | 5.2%+0.6pp | 4.6%+58.9pp | -54.3% | -404.4% | -177.3% | 0.2%-9.3pp | 9.5%-4.1pp | 13.6%+0.9pp | 12.6%-1.7pp | 14.3%+9.0pp | 5.3% | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Carnival Corporation Ltd. Ranks
Frequently Asked Questions
What is Carnival Corporation Ltd.'s annual revenue?
Carnival Corporation Ltd. (CCL) reported $26.6B in total revenue for fiscal year 2025. This represents a 6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Carnival Corporation Ltd.'s revenue growing?
Carnival Corporation Ltd. (CCL) revenue grew by 6.4% year-over-year, from $25.0B to $26.6B in fiscal year 2025.
Is Carnival Corporation Ltd. profitable?
Yes, Carnival Corporation Ltd. (CCL) reported a net income of $2.8B in fiscal year 2025, with a net profit margin of 10.4%.
What is Carnival Corporation Ltd.'s EBITDA?
Carnival Corporation Ltd. (CCL) had EBITDA of $7.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Carnival Corporation Ltd. have?
As of fiscal year 2025, Carnival Corporation Ltd. (CCL) had $1.9B in cash and equivalents against $24.0B in long-term debt.
What is Carnival Corporation Ltd.'s operating margin?
Carnival Corporation Ltd. (CCL) had an operating margin of 16.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Carnival Corporation Ltd.'s net profit margin?
Carnival Corporation Ltd. (CCL) had a net profit margin of 10.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Carnival Corporation Ltd.'s return on equity (ROE)?
Carnival Corporation Ltd. (CCL) has a return on equity of 22.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Carnival Corporation Ltd.'s free cash flow?
Carnival Corporation Ltd. (CCL) generated $2.6B in free cash flow during fiscal year 2025. This represents a 101.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Carnival Corporation Ltd.'s operating cash flow?
Carnival Corporation Ltd. (CCL) generated $6.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Carnival Corporation Ltd.'s total assets?
Carnival Corporation Ltd. (CCL) had $51.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Carnival Corporation Ltd.'s capital expenditures?
Carnival Corporation Ltd. (CCL) invested $3.6B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Carnival Corporation Ltd.'s current ratio?
Carnival Corporation Ltd. (CCL) had a current ratio of 0.32 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Carnival Corporation Ltd.'s debt-to-equity ratio?
Carnival Corporation Ltd. (CCL) had a debt-to-equity ratio of 1.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Carnival Corporation Ltd.'s return on assets (ROA)?
Carnival Corporation Ltd. (CCL) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Carnival Corporation Ltd.'s Altman Z-Score?
Carnival Corporation Ltd. (CCL) has an Altman Z-Score of 1.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Carnival Corporation Ltd.'s Piotroski F-Score?
Carnival Corporation Ltd. (CCL) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Carnival Corporation Ltd.'s earnings high quality?
Carnival Corporation Ltd. (CCL) has an earnings quality ratio of 2.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Carnival Corporation Ltd. cover its interest payments?
Carnival Corporation Ltd. (CCL) has an interest coverage ratio of 3.32x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Carnival Corporation Ltd.?
Carnival Corporation Ltd. (CCL) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.