Carnival Corporation & plc (CCL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 4.49B | 3.32B | 4.22B | 3.87B | 4.35B | 2.98B | 3.38B | 3.63B | 3.77B | 4.48B | 5.27B | 4.68B | 6.21B | 7.14B | 7.49B | 8.43B | 8.55B | 8.06B | 10.13B | 8.91B |
| Cash & Short-Term Investments | 2.24B | 1.42B | 1.93B | 1.76B | 2.15B | 833M | 1.21B | 1.52B | 1.65B | 2.24B | 2.42B | 2.84B | 4.47B | 5.46B | 4.03B | 7.07B | 7.21B | 6.93B | 9.14B | 7.8B |
| Cash Only | 2.24B | 1.42B | 1.93B | 1.76B | 2.15B | 833M | 1.21B | 1.52B | 1.65B | 2.24B | 2.42B | 2.84B | 4.47B | 5.46B | 4.03B | 7.07B | 7.05B | 6.41B | 8.94B | 7.15B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151M | 515M | 200M | 647M |
| Accounts Receivable | 633M | 663M | 678M | 651M | 569M | 543M | 590M | 632M | 494M | 644M | 556M | 485M | 449M | 514M | 395M | 360M | 359M | 267M | 246M | 281M |
| Days Sales Outstanding | 8.95 | 9.79 | 9.55 | 6.88 | 8.08 | 8.78 | 9.36 | 6.56 | 9.06 | 10.1 | 8.78 | 6.27 | 9.02 | 9.23 | 8.95 | 7.68 | 11.99 | 14.22 | 18.63 | 42.04 |
| Inventory | 552M | 510M | 505M | 475M | 476M | 518M | 507M | 492M | 509M | 531M | 528M | 483M | 438M | 448M | 428M | 420M | 425M | 392M | 356M | 322M |
| Days Inventory Outstanding | 9.87 | 11.6 | 9.62 | 9.98 | 11.77 | 12.25 | 11.86 | 10.7 | 12.6 | 13.01 | 12.68 | 10.8 | 11.79 | 11.91 | 10.53 | 11.5 | 14.01 | 16.58 | 16.92 | 17.93 |
| Other Current Assets | 1.06B | 726M | 1.11B | 979M | 1.16B | 354M | 1.07B | 980M | 1.12B | 329M | 1.77B | 873M | 851M | 727M | 1.99B | 0 | -1M | -1M | 13M | 137M |
| Total Non-Current Assets | 47.74B | 48.24B | 47.47B | 46.96B | 46.82B | 45.56B | 45.68B | 46.18B | 45.84B | 45.28B | 43.85B | 45.07B | 45.67B | 44.84B | 44.21B | 43.48B | 44.43B | 45.22B | 43.21B | 44.61B |
| Property, Plant & Equipment | 44.88B | 44.99B | 44.82B | 44.24B | 44.12B | 42.99B | 43.16B | 43.76B | 43.39B | 42.75B | 41.38B | 41.23B | 40.89B | 40.6B | 39.96B | 39.3B | 40.47B | 41.46B | 39.44B | 40.28B |
| Fixed Asset Turnover | 0.15x | 0.14x | 0.14x | 0.18x | 0.15x | 0.13x | 0.14x | 0.18x | 0.13x | 0.13x | 0.13x | 0.17x | 0.12x | 0.11x | 0.10x | 0.11x | 0.06x | 0.04x | 0.03x | 0.01x |
| Goodwill | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 579M | 810M |
| Intangible Assets | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.16B | 1.16B | 1.17B | 1.17B | 1.17B | 1.17B | 1.17B | 1.16B | 1.16B | 1.16B | 1.15B | 1.17B | 1.18B | 1.18B | 1.19B |
| Long-Term Investments | 0 | 0 | 221M | 0 | 0 | 0 | 184M | 0 | 4M | 21M | 149M | 10M | 21M | 21M | 1M | 30M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.1B | 1.49B | 669M | 962M | 943M | 822M | 591M | 665M | 698M | 756M | 576M | 2.09B | 3.01B | 2.48B | 2.51B | 2.42B | 2.22B | 2B | 2.01B | 2.32B |
| Total Assets | 52.23B | 51.57B | 51.69B | 50.83B | 51.16B | 48.53B | 49.06B | 49.8B | 49.6B | 49.76B | 49.12B | 49.76B | 51.87B | 51.98B | 51.7B | 51.92B | 52.99B | 53.28B | 53.34B | 53.51B |
| Asset Turnover | 0.13x | 0.12x | 0.12x | 0.16x | 0.13x | 0.12x | 0.12x | 0.16x | 0.12x | 0.11x | 0.11x | 0.13x | 0.09x | 0.09x | 0.07x | 0.08x | 0.05x | 0.03x | 0.02x | 0.01x |
| Asset Growth % | 2.08% | 6.25% | 5.36% | 2.06% | 3.15% | -2.46% | -0.13% | 0.1% | -4.38% | -4.28% | -5% | -4.16% | -2.1% | -2.43% | -3.08% | -2.98% | -3.77% | -6.89% | -0.46% | 5.31% |
| Total Current Liabilities | 13.43B | 12.42B | 13.09B | 11.44B | 12.92B | 11.58B | 11.62B | 12.27B | 13.38B | 12.4B | 11.48B | 11.01B | 11.84B | 11.09B | 10.61B | 12.95B | 13.38B | 10.92B | 10.41B | 9.49B |
| Accounts Payable | 1.25B | 1.24B | 1.25B | 1.17B | 1.2B | 1.09B | 1.13B | 1.06B | 1.06B | 1.1B | 1.17B | 1.1B | 1.04B | 1.02B | 1.05B | 920M | 912M | 772M | 797M | 672M |
| Days Payables Outstanding | 23.13 | 28.41 | 23.73 | 24.87 | 27.1 | 26.57 | 26.06 | 22.72 | 26.23 | 27.89 | 28.47 | 25.16 | 27.46 | 28.16 | 24.46 | 24.94 | 28.87 | 34.78 | 36.66 | 33.33 |
| Short-Term Debt | 1.64B | 1.5B | 2.6B | 1.42B | 1.39B | 1.53B | 1.54B | 2.21B | 2.18B | 2.19B | 2.09B | 1.78B | 1.79B | 2.46B | 2.59B | 5.55B | 5.87B | 5.01B | 4.72B | 4.4B |
| Deferred Revenue (Current) | 0 | 7.47B | 6.83B | 6.69B | 8.08B | 6.85B | 6.42B | 6.44B | 7.88B | 6.64B | 6.07B | 5.96B | 6.89B | 5.5B | 4.87B | 4.47B | 4.77B | 3.37B | 3.11B | 2.71B |
| Other Current Liabilities | 10.55B | -1M | -1M | 0 | -1M | 0 | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | -1M | 0 |
| Current Ratio | 0.33x | 0.27x | 0.32x | 0.34x | 0.34x | 0.26x | 0.29x | 0.30x | 0.28x | 0.36x | 0.46x | 0.43x | 0.52x | 0.64x | 0.71x | 0.65x | 0.64x | 0.74x | 0.97x | 0.94x |
| Quick Ratio | 0.29x | 0.23x | 0.28x | 0.30x | 0.30x | 0.21x | 0.25x | 0.26x | 0.24x | 0.32x | 0.41x | 0.38x | 0.49x | 0.60x | 0.67x | 0.62x | 0.61x | 0.70x | 0.94x | 0.90x |
| Cash Conversion Cycle | -4.31 | -7.03 | -4.56 | -8.01 | -7.25 | -5.55 | -4.83 | -5.46 | -4.58 | -4.79 | -7.02 | -8.09 | -6.65 | -7.03 | -4.98 | -5.76 | -2.87 | -3.98 | -1.11 | 26.64 |
| Total Non-Current Liabilities | 25.81B | 26.1B | 26.31B | 27.47B | 28.24B | 27.77B | 28.19B | 28.94B | 29.4B | 30.68B | 30.76B | 31.79B | 34.17B | 34.73B | 34.03B | 30.58B | 31.35B | 32.05B | 30.79B | 29.16B |
| Long-Term Debt | 23.42B | 23.79B | 24.04B | 25.06B | 25.86B | 25.49B | 25.94B | 26.64B | 27.15B | 28.54B | 28.48B | 29.52B | 31.92B | 32.67B | 31.95B | 28.52B | 29.26B | 29.89B | 28.51B | 26.83B |
| Capital Lease Obligations | 1.11B | 1.15B | 1.18B | 1.2B | 1.22B | 1.21B | 1.24B | 1.26B | 1.17B | 1.14B | 1.17B | 1.18B | 1.21B | 1.15B | 1.19B | 1.08B | 1.12B | 1.19B | 1.24B | 1.27B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.28B | 1.16B | 1.1B | 1.2B | 1.16B | 1.08B | 1.01B | 1.04B | 1.07B | 1B | 1.1B | 1.09B | 1.04B | 908M | 892M | 990M | 965M | 973M | 1.04B | 1.06B |
| Total Liabilities | 39.24B | 38.52B | 39.4B | 38.9B | 41.16B | 39.35B | 39.81B | 41.21B | 42.79B | 43.08B | 42.24B | 42.8B | 46.01B | 45.82B | 44.64B | 43.54B | 44.73B | 42.97B | 41.2B | 38.65B |
| Total Debt | 26.17B | 26.61B | 27.99B | 27.86B | 28.65B | 28.39B | 28.88B | 30.27B | 30.65B | 32.02B | 31.89B | 32.63B | 35.08B | 36.44B | 35.88B | 35.28B | 36.39B | 36.23B | 34.61B | 32.64B |
| Net Debt | 23.93B | 25.18B | 26.07B | 26.1B | 26.5B | 27.56B | 27.67B | 28.75B | 29.01B | 29.77B | 29.48B | 29.79B | 30.61B | 30.98B | 31.85B | 28.21B | 29.34B | 29.82B | 25.67B | 25.49B |
| Debt / Equity | 2.02x | 2.04x | 2.28x | 2.34x | 2.86x | 3.09x | 3.12x | 3.52x | 4.50x | 4.79x | 4.63x | 4.69x | 5.98x | 5.91x | 5.08x | 4.21x | 4.41x | 3.51x | 2.85x | 2.20x |
| Debt / EBITDA | 16.63x | 20.42x | 19.16x | 9.32x | 17.62x | 23.72x | 23.67x | 10.70x | 25.67x | 36.01x | 32.54x | 14.70x | 48.92x | 88.88x | - | 116.84x | - | - | - | - |
| Net Debt / EBITDA | 15.20x | 19.33x | 17.84x | 8.73x | 16.30x | 23.02x | 22.68x | 10.16x | 24.29x | 33.49x | 30.08x | 13.42x | 42.69x | 75.57x | - | 93.42x | - | - | - | - |
| Interest Coverage | 2.99x | 1.96x | 2.28x | 7.27x | 2.71x | 0.81x | 1.72x | 5.04x | 1.21x | 0.55x | 0.92x | 3.06x | 0.26x | -0.27x | -2.58x | -0.80x | -3.95x | -4.13x | -6.54x | -5.84x |
| Total Equity | 12.98B | 13.05B | 12.28B | 11.93B | 10.01B | 9.18B | 9.25B | 8.6B | 6.81B | 6.68B | 6.88B | 6.96B | 5.86B | 6.17B | 7.06B | 8.38B | 8.26B | 10.31B | 12.14B | 14.86B |
| Equity Growth % | 29.74% | 42.1% | 32.77% | 38.75% | 46.87% | 37.43% | 34.44% | 23.52% | 16.2% | 8.32% | -2.58% | -16.94% | -29.01% | -40.17% | -41.84% | -43.63% | -53.8% | -47.96% | -40.91% | -23.79% |
| Book Value per Share | 9.35 | 9.37 | 8.76 | 8.51 | 7.15 | 7.02 | 6.61 | 6.15 | 5.36 | 5.29 | 5.45 | 4.99 | 4.64 | 4.90 | 5.61 | 7.07 | 7.25 | 9.07 | 10.70 | 13.12 |
| Total Shareholders' Equity | 12.97B | 13.03B | 12.28B | 11.93B | 10.01B | 9.18B | 9.25B | 8.6B | 6.81B | 6.68B | 6.88B | 6.96B | 5.86B | 6.17B | 7.06B | 8.38B | 8.26B | 10.31B | 12.14B | 14.86B |
| Common Stock | 15M | 375M | 374M | 374M | 374M | 374M | 374M | 374M | 374M | 374M | 373M | 373M | 373M | 373M | 373M | 373M | 372M | 372M | 372M | 372M |
| Retained Earnings | 5B | 4.73B | 4.82B | 4.39B | 2.54B | 1.99B | 2.1B | 1.8B | 62M | -29M | 185M | 233M | -841M | -434M | 269M | 1.87B | 2.65B | 4.49B | 6.45B | 9.19B |
| Treasury Stock | -5.94B | -8.21B | -8.36B | -8.36B | -8.36B | -8.38B | -8.4B | -8.4B | -8.4B | -8.4B | -8.45B | -8.45B | -8.45B | -8.43B | -8.47B | -8.46B | -8.48B | -8.43B | -8.47B | -8.5B |
| Accumulated OCI | -1.74B | -1.74B | -1.81B | -1.72B | -1.75B | -1.99B | -1.97B | -1.89B | -1.92B | -1.94B | -1.94B | -1.9B | -1.9B | -1.97B | -1.98B | -2.02B | -1.74B | -1.49B | -1.5B | -1.35B |
| Minority Interest | 16M | 18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |