Stock Analysis on Net

Carnival Corp. & plc (NYSE:CCL)

This company has been moved to the archive! The financial data has not been updated since March 27, 2024.

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Carnival Corp. & plc, liquidity ratios

Microsoft Excel
Nov 30, 2023 Nov 30, 2022 Nov 30, 2021 Nov 30, 2020 Nov 30, 2019 Nov 30, 2018
Current ratio 0.46 0.71 0.97 1.22 0.23 0.24
Quick ratio 0.26 0.60 0.90 1.13 0.11 0.15
Cash ratio 0.21 0.57 0.88 1.10 0.06 0.11

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

Microsoft Excel
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 1.25 1.46 1.71 1.60 1.27
Current Ratio, Industry
Consumer Discretionary 1.20 1.15 1.25 1.18 1.10

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

Microsoft Excel
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 1.13 1.30 1.56 1.42 1.06
Quick Ratio, Industry
Consumer Discretionary 0.85 0.81 0.92 0.88 0.79

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

Microsoft Excel
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 0.80 0.95 1.24 1.16 0.75
Cash Ratio, Industry
Consumer Discretionary 0.57 0.55 0.71 0.69 0.57

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.