Carnival Corporation (CCL)
Cash ratio
| 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 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,210,000 | 1,522,000 | 1,646,000 | 2,242,000 | 2,415,000 | 2,842,000 | 4,468,000 | 5,455,000 | 4,029,000 | 7,071,000 | 7,054,000 | 6,414,000 | 8,939,000 | 7,151,000 | 7,067,000 | 9,674,000 | 9,513,000 | 8,176,000 | 6,881,000 | 1,354,000 |
| Short-term investments | US$ in thousands | — | — | 19,000 | 1,000 | 2,985,000 | 2,858,000 | 2,832,000 | 2,645,000 | 0 | 0 | 151,000 | 515,000 | 200,000 | 647,000 | 2,204,000 | 1,840,000 | 0 | — | — | — |
| Total current liabilities | US$ in thousands | 11,617,000 | 12,265,000 | 13,385,000 | 12,396,000 | 11,481,000 | 11,008,000 | 11,835,000 | 11,088,000 | 10,605,000 | 12,954,000 | 13,380,000 | 10,920,000 | 10,408,000 | 9,491,000 | 8,754,000 | 8,619,000 | 8,686,000 | 10,184,000 | 11,858,000 | 10,716,000 |
| Cash ratio | 0.10 | 0.12 | 0.12 | 0.18 | 0.47 | 0.52 | 0.62 | 0.73 | 0.38 | 0.55 | 0.54 | 0.63 | 0.88 | 0.82 | 1.06 | 1.34 | 1.10 | 0.80 | 0.58 | 0.13 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,210,000K
+ $—K)
÷ $11,617,000K
= 0.10
The cash ratio of Carnival Corporation, calculated by dividing its cash and cash equivalents by its current liabilities, has shown fluctuations over the reporting periods provided. The ratio indicates the company's ability to cover its short-term liabilities with its available cash.
From February 29, 2020, to November 30, 2021, the cash ratio trended upwards, indicating an improvement in the company's liquidity position. The ratio reached its peak at 1.34 on February 28, 2021, suggesting a strong ability to meet short-term obligations with cash on hand.
However, from May 31, 2021, to November 30, 2024, the cash ratio exhibited a declining trend, with fluctuations in the values recorded. The ratio decreased to 0.10 on November 30, 2024, possibly indicating a reduced ability to cover current liabilities with available cash.
Overall, the fluctuations in the cash ratio suggest varying levels of liquidity for Carnival Corporation over the reporting periods, highlighting the importance of monitoring the company's cash position and its ability to meet short-term obligations.
Peer comparison
Nov 30, 2024