Carnival Corporation (CCL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,210,000 | 1,522,000 | 1,646,000 | 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 |
| Short-term investments | US$ in thousands | — | — | 19,000 | 1,000 | 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 | — | — | — |
| Receivables | US$ in thousands | 590,000 | 632,000 | 494,000 | 644,000 | 556,000 | 485,000 | 449,000 | 514,000 | 395,000 | 360,000 | 359,000 | 267,000 | 246,000 | 281,000 | 218,000 | 250,000 | 273,000 | 376,000 | 604,000 | 405,000 |
| 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 |
| Quick ratio | 0.15 | 0.18 | 0.16 | 0.23 | 0.52 | 0.56 | 0.65 | 0.78 | 0.42 | 0.57 | 0.57 | 0.66 | 0.90 | 0.85 | 1.08 | 1.36 | 1.13 | 0.84 | 0.63 | 0.16 |
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 fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. The trend of the quick ratio indicates the company's liquidity position.
From February 2020 to November 2021, the quick ratio of Carnival Corporation increased steadily from 0.16 to 1.13, showing an improving ability to cover its short-term liabilities with its quick assets. However, in the following quarters up to August 2022, the quick ratio declined, indicating a potential decrease in liquidity.
The quick ratio then fluctuated around 0.5 to 0.8 from February 2023 to February 2024, suggesting some variability in the company's ability to meet short-term obligations with liquid assets during this period.
Overall, the quick ratio of Carnival Corporation has displayed a mixed performance, with periods of improvement followed by fluctuations and declines. It is essential for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Nov 30, 2024