Carnival Corporation (CCL)

Current 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
Total current assets	US$ in thousands	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	2,059,000	2,712,000	2,835,000
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
Current ratio		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	0.23	0.30	0.27

February 29, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,484,000K ÷ $12,396,000K
= 0.36

The current ratio of Carnival Corporation has fluctuated over the past few years, reflecting changes in the company's liquidity position. A current ratio below 1 indicates that Carnival Corporation may have difficulties meeting its short-term obligations with its current assets alone.

The current ratio stood at 0.36 as of February 29, 2024, which indicates that the company had $0.36 in current assets for every $1 of current liabilities. This implies a relatively weaker liquidity position compared to previous periods.

In contrast, the current ratio was highest at 1.45 as of February 28, 2021, signaling a stronger liquidity position at that time with $1.45 in current assets for every $1 of current liabilities. This trend could indicate variations in the company's ability to manage its short-term financial obligations effectively.

Overall, Carnival Corporation's current ratio has shown volatility, suggesting the need for a closer examination of the company's working capital management and liquidity position to ensure financial stability in the short term.