Carnival Corporation (CCL)

Quick 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
Cash US$ in thousands 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 1,354,000 518,000 1,153,000 1,202,000
Short-term investments US$ in thousands 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 644,000 556,000 485,000 449,000 514,000 395,000 360,000 359,000 267,000 246,000 281,000 218,000 250,000 273,000 376,000 604,000 405,000 444,000 441,000 405,000
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
Quick ratio 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 0.11 0.18 0.15

February 29, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,242,000K + $—K + $644,000K) ÷ $12,396,000K
= 0.23

The quick ratio of Carnival Corporation has fluctuated over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty covering its short-term liabilities with its liquid assets alone.

Looking at the trend, the quick ratio of Carnival Corporation has ranged from 0.11 to 1.36 over the past few years. The ratio was at its lowest at 0.11 in February 2020, indicating a potential liquidity concern at that time. However, the ratio improved significantly to 1.36 in February 2021, suggesting a healthier liquidity position.

In the most recent quarter, the quick ratio was 0.23, which is comparatively lower than some of the previous quarters. This decrease may signal a potential liquidity challenge for the company in meeting its short-term obligations with its current liquid assets.

It is important for Carnival Corporation to closely monitor its quick ratio and ensure that it maintains a healthy level of liquidity to meet its short-term financial commitments effectively. Monitoring and managing liquidity risk are crucial for the company's financial stability and operational continuity.


Peer comparison

Feb 29, 2024


See also:

Carnival Corporation Quick Ratio (Quarterly Data)