Carnival Corporation (CCL)
Cash ratio
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 518,000 | 1,153,000 | 1,202,000 |
| Short-term investments | US$ in thousands | — | 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 | 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 | 9,127,000 | 8,932,000 | 10,377,000 |
| Cash ratio | 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 | 0.06 | 0.13 | 0.12 |
February 29, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,242,000K
+ $—K)
÷ $12,396,000K
= 0.18
The cash ratio of Carnival Corporation has exhibited variability over the different periods analyzed. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend of the cash ratio shows fluctuations with values ranging from 0.06 to 1.34. In general, a higher cash ratio indicates a stronger liquidity position, as the company has more cash available to cover its short-term obligations.
The highest cash ratio of 1.34 was observed in February 2021, indicating an abundance of cash reserves relative to short-term liabilities at that time. This may suggest a period of strong liquidity for the company.
Conversely, the lowest cash ratio of 0.06 was recorded in February 2020, reflecting a relatively lower level of cash reserves compared to short-term obligations. This may indicate a period of lower liquidity or a higher reliance on other sources of funding to meet short-term liabilities.
Overall, analyzing the cash ratio of Carnival Corporation over time provides insights into the company's liquidity management and its ability to meet short-term obligations using its cash resources.
Peer comparison
Feb 29, 2024