Carnival Corporation (CCL)

Current ratio

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Total current assets	US$ in thousands	3,378,000	5,266,000	7,492,000	10,133,000	10,563,000
Total current liabilities	US$ in thousands	11,617,000	11,481,000	10,605,000	10,408,000	8,686,000
Current ratio		0.29	0.46	0.71	0.97	1.22

November 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,378,000K ÷ $11,617,000K
= 0.29

The current ratio of Carnival Corporation has exhibited a decreasing trend over the past five years, declining from 1.22 as of November 30, 2020, to 0.29 as of November 30, 2024. This decreasing trend indicates a weakening liquidity position, as the company's ability to meet its short-term obligations with its current assets has become progressively more strained. With a current ratio below 1 in the most recent fiscal year, Carnival Corporation may face challenges in meeting its current liabilities using its current assets alone. Further analysis of the company's liquidity management and operational efficiency may be warranted to address this concerning trend in the current ratio.