Carnival Corporation (CCL)

Financial leverage ratio

Nov 30, 2025 Aug 31, 2025 May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021
Total assets US$ in thousands 51,687,000 50,831,000 51,165,000 48,535,000 49,057,000 49,805,000 49,603,000 49,761,000 49,120,000 49,756,000 51,873,000 51,985,000 51,703,000 51,917,000 52,988,000 53,281,000 53,344,000 53,514,000 55,064,000 57,226,000
Total stockholders’ equity US$ in thousands 12,284,000 11,928,000 10,008,000 9,183,000 9,252,000 8,597,000 6,814,000 6,682,000 6,882,000 6,960,000 5,864,000 6,169,000 7,064,000 8,379,000 8,260,000 10,311,000 12,145,000 14,863,000 17,877,000 19,814,000
Financial leverage ratio 4.21 4.26 5.11 5.29 5.30 5.79 7.28 7.45 7.14 7.15 8.85 8.43 7.32 6.20 6.42 5.17 4.39 3.60 3.08 2.89

November 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $51,687,000K ÷ $12,284,000K
= 4.21


Peer comparison

Nov 30, 2025

Company name
Symbol
Financial leverage ratio
Carnival Corporation
CCL
4.21
Royal Caribbean Cruises Ltd
RCL
4.15

See also:

Carnival Corporation Financial Leverage (Quarterly Data)