Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Carnival Corp. & plc, liquidity ratios
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Carnival Corp. & plc current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Carnival Corp. & plc quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Carnival Corp. & plc cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Current Ratio
Carnival Corp. & plc, current ratio calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 5,266) | 7,492) | 10,133) | 10,563) | 2,059) | 2,225) | |
| Current liabilities | 11,481) | 10,605) | 10,408) | 8,686) | 9,127) | 9,204) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 0.46 | 0.71 | 0.97 | 1.22 | 0.23 | 0.24 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Airbnb Inc. | 1.66 | 1.86 | 1.95 | 1.73 | — | — | |
| Booking Holdings Inc. | 1.28 | 1.86 | 2.10 | 3.56 | 1.83 | — | |
| Chipotle Mexican Grill Inc. | 1.57 | 1.28 | 1.58 | 1.73 | 1.61 | — | |
| McDonald’s Corp. | 1.16 | 1.43 | 1.78 | 1.01 | 0.98 | — | |
| Starbucks Corp. | 0.78 | 0.77 | 1.20 | 1.06 | 0.92 | 2.20 | |
| Current Ratio, Sector | |||||||
| Consumer Services | 1.07 | 1.26 | 1.50 | 1.49 | 0.89 | — | |
| Current Ratio, Industry | |||||||
| Consumer Discretionary | 1.18 | 1.14 | 1.24 | 1.18 | 1.08 | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,266 ÷ 11,481 = 0.46
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Carnival Corp. & plc current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
Carnival Corp. & plc, quick ratio calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 2,415) | 4,029) | 8,939) | 9,513) | 518) | 982) | |
| Restricted cash | 11) | 1,988) | 14) | —) | —) | —) | |
| Short-term investments | —) | —) | 200) | —) | —) | —) | |
| Trade and other receivables, net | 556) | 395) | 246) | 273) | 444) | 358) | |
| Total quick assets | 2,982) | 6,412) | 9,399) | 9,786) | 962) | 1,340) | |
| Current liabilities | 11,481) | 10,605) | 10,408) | 8,686) | 9,127) | 9,204) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.26 | 0.60 | 0.90 | 1.13 | 0.11 | 0.15 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Airbnb Inc. | 1.63 | 1.83 | 1.92 | 1.70 | — | — | |
| Booking Holdings Inc. | 1.20 | 1.73 | 2.00 | 3.38 | 1.68 | — | |
| Chipotle Mexican Grill Inc. | 1.37 | 1.09 | 1.35 | 1.28 | 1.44 | — | |
| McDonald’s Corp. | 1.03 | 1.24 | 1.64 | 0.90 | 0.86 | — | |
| Starbucks Corp. | 0.55 | 0.48 | 0.93 | 0.75 | 0.59 | 1.69 | |
| Quick Ratio, Sector | |||||||
| Consumer Services | 0.94 | 1.12 | 1.37 | 1.34 | 0.71 | — | |
| Quick Ratio, Industry | |||||||
| Consumer Discretionary | 0.84 | 0.81 | 0.92 | 0.89 | 0.77 | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,982 ÷ 11,481 = 0.26
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Carnival Corp. & plc quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Cash Ratio
Carnival Corp. & plc, cash ratio calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 2,415) | 4,029) | 8,939) | 9,513) | 518) | 982) | |
| Restricted cash | 11) | 1,988) | 14) | —) | —) | —) | |
| Short-term investments | —) | —) | 200) | —) | —) | —) | |
| Total cash assets | 2,426) | 6,017) | 9,153) | 9,513) | 518) | 982) | |
| Current liabilities | 11,481) | 10,605) | 10,408) | 8,686) | 9,127) | 9,204) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.21 | 0.57 | 0.88 | 1.10 | 0.06 | 0.11 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Airbnb Inc. | 1.01 | 1.21 | 1.31 | 1.24 | — | — | |
| Booking Holdings Inc. | 0.95 | 1.46 | 1.79 | 3.23 | 1.36 | — | |
| Chipotle Mexican Grill Inc. | 1.26 | 0.98 | 1.23 | 1.16 | 1.32 | — | |
| McDonald’s Corp. | 0.67 | 0.68 | 1.17 | 0.56 | 0.25 | — | |
| Starbucks Corp. | 0.42 | 0.35 | 0.81 | 0.63 | 0.45 | 1.57 | |
| Cash Ratio, Sector | |||||||
| Consumer Services | 0.67 | 0.85 | 1.14 | 1.14 | 0.50 | — | |
| Cash Ratio, Industry | |||||||
| Consumer Discretionary | 0.57 | 0.55 | 0.71 | 0.70 | 0.56 | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,426 ÷ 11,481 = 0.21
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Carnival Corp. & plc cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |