Carnival Corporation (CCL)
Quick ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,210,000 | 2,415,000 | 4,029,000 | 8,939,000 | 9,513,000 |
| Short-term investments | US$ in thousands | — | 2,985,000 | 0 | 200,000 | 0 |
| Receivables | US$ in thousands | 590,000 | 556,000 | 395,000 | 246,000 | 273,000 |
| Total current liabilities | US$ in thousands | 11,617,000 | 11,481,000 | 10,605,000 | 10,408,000 | 8,686,000 |
| Quick ratio | 0.15 | 0.52 | 0.42 | 0.90 | 1.13 |
November 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,210,000K
+ $—K
+ $590,000K)
÷ $11,617,000K
= 0.15
The quick ratio of Carnival Corporation has shown a declining trend over the past five years, starting at 1.13 in November 2020 and decreasing to 0.15 by November 2024. This indicates a decrease in the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that Carnival Corporation may have difficulty covering its current liabilities with its current assets that can be quickly converted to cash. It is important for the company to closely monitor this ratio and take appropriate measures to improve its liquidity position in order to meet its short-term financial obligations effectively.
Peer comparison
Nov 30, 2024