Carnival Corporation (CCL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,378,000 | 3,626,000 | 3,768,000 | 4,484,000 | 5,266,000 | 4,683,000 | 6,206,000 | 7,144,000 | 7,492,000 | 8,432,000 | 8,554,000 | 8,057,000 | 10,133,000 | 8,909,000 | 10,198,000 | 12,459,000 | 10,563,000 | 9,268,000 | 8,222,000 | 2,885,000 |
| 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 |
| Current ratio | 0.29 | 0.30 | 0.28 | 0.36 | 0.46 | 0.43 | 0.52 | 0.64 | 0.71 | 0.65 | 0.64 | 0.74 | 0.97 | 0.94 | 1.16 | 1.45 | 1.22 | 0.91 | 0.69 | 0.27 |
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 fluctuated over the past few years, indicating variability in the company's short-term liquidity position. The current ratio measures the firm's ability to meet its short-term obligations with its current assets.
From February 2020 to November 2021, the current ratio showed an improving trend, increasing steadily from 0.27 to 1.22. This indicates that Carnival had a stronger ability to cover its short-term liabilities with its current assets during this period.
However, from February 2022 to November 2024, the current ratio started declining, reaching a low of 0.28 in May 2024. This downward trend suggests a weakening liquidity position, potentially signaling challenges in meeting short-term obligations with available current assets.
Overall, analyzing the current ratio trend, Carnival Corporation experienced an improvement in liquidity up to 2021 but faced a decline in liquidity thereafter, indicating a potential need for careful management of short-term assets and liabilities to ensure ongoing financial stability.
Peer comparison
Nov 30, 2024