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 
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Carnival Corp. & plc, liquidity ratios (quarterly data)

Microsoft Excel
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 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
Current ratio 0.36 0.46 0.43 0.52 0.64 0.71 0.65 0.64 0.74 0.97 0.94 1.16 1.45 1.22 0.91 0.69 0.27 0.23 0.30 0.27 0.22 0.24 0.22 0.24 0.19
Quick ratio 0.23 0.26 0.30 0.42 0.54 0.60 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 0.11 0.15 0.11 0.15 0.09
Cash ratio 0.18 0.21 0.26 0.38 0.49 0.57 0.55 0.54 0.63 0.88 0.82 1.06 1.34 1.10 0.80 0.58 0.13 0.06 0.13 0.12 0.07 0.11 0.07 0.11 0.05

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Carnival Corp. & plc current ratio improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024.
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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Carnival Corp. & plc cash ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Current Ratio

Carnival Corp. & plc, current ratio calculation (quarterly data)

Microsoft Excel
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 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
Selected Financial Data (US$ in millions)
Current assets 4,484 5,266 4,683 6,206 7,144 7,492 8,432 8,554 8,057 10,133 8,909 10,198 12,459 10,563 9,268 8,222 2,885 2,059 2,712 2,835 2,101 2,225 1,755 2,278 1,667
Current liabilities 12,396 11,481 11,008 11,835 11,088 10,605 12,954 13,380 10,920 10,408 9,491 8,754 8,619 8,686 10,184 11,858 10,716 9,127 8,932 10,377 9,642 9,204 8,020 9,308 8,851
Liquidity Ratio
Current ratio1 0.36 0.46 0.43 0.52 0.64 0.71 0.65 0.64 0.74 0.97 0.94 1.16 1.45 1.22 0.91 0.69 0.27 0.23 0.30 0.27 0.22 0.24 0.22 0.24 0.19
Benchmarks
Current Ratio, Competitors2
Airbnb Inc. 1.44 1.66 1.78 1.47 1.55 1.86 1.85 1.58 1.61 1.95 1.86 1.48 1.66
Booking Holdings Inc. 1.22 1.28 1.44 1.55 1.59 1.86 1.45 1.45 1.72 2.10 2.48 2.05 2.18 3.56 3.17 2.93 2.24 1.83 1.82 1.58 1.27
Chipotle Mexican Grill Inc. 1.65 1.57 1.53 1.58 1.41 1.28 1.32 1.26 1.32 1.58 1.78 1.73 1.75 1.73 1.51 1.59 1.62 1.61 1.51 1.52 1.44
McDonald’s Corp. 0.83 1.16 1.71 1.35 1.47 1.43 1.65 1.41 1.10 1.78 1.33 1.45 1.19 1.01 1.07 0.91 1.90 0.98 0.84 1.21 1.47
Starbucks Corp. 0.70 0.78 0.78 0.77 0.75 0.77 0.84 0.83 0.81 1.20 1.02 1.07 1.06 1.06 0.95 0.70 0.68 0.92 1.31 0.94 1.41 2.20 1.01 1.09 1.01

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

1 Q1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,484 ÷ 12,396 = 0.36

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 improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024.

Quick Ratio

Carnival Corp. & plc, quick ratio calculation (quarterly data)

Microsoft Excel
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 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,242 2,415 2,842 4,468 5,455 4,029 7,071 7,054 6,414 8,939 7,151 7,067 9,674 9,513 8,176 6,881 1,354 518 1,153 1,202 649 982 526 1,053 453
Restricted cash 11 18 18 15 1,988
Short-term investments 151 515 200 647 2,204 1,840
Trade and other receivables, net 644 556 485 449 514 395 360 359 267 246 281 218 250 273 376 604 405 444 441 405 406 358 366 342 345
Total quick assets 2,886 2,982 3,345 4,935 5,984 6,412 7,431 7,564 7,196 9,385 8,079 9,489 11,764 9,786 8,552 7,485 1,759 962 1,594 1,607 1,055 1,340 892 1,395 798
 
Current liabilities 12,396 11,481 11,008 11,835 11,088 10,605 12,954 13,380 10,920 10,408 9,491 8,754 8,619 8,686 10,184 11,858 10,716 9,127 8,932 10,377 9,642 9,204 8,020 9,308 8,851
Liquidity Ratio
Quick ratio1 0.23 0.26 0.30 0.42 0.54 0.60 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 0.11 0.15 0.11 0.15 0.09
Benchmarks
Quick Ratio, Competitors2
Airbnb Inc. 1.42 1.63 1.75 1.45 1.52 1.83 1.82 1.56 1.59 1.92 1.83 1.46 1.63
Booking Holdings Inc. 1.15 1.20 1.35 1.45 1.49 1.73 1.34 1.37 1.63 2.00 2.28 1.86 1.97 3.24 3.04 2.81 1.70 1.49 1.49 1.14 0.69
Chipotle Mexican Grill Inc. 1.51 1.37 1.40 1.44 1.26 1.09 1.05 1.02 1.13 1.35 1.29 1.28 1.35 1.28 1.34 1.35 1.42 1.44 1.36 1.40 1.35
McDonald’s Corp. 0.63 1.03 1.43 1.04 1.25 1.24 1.35 1.07 0.95 1.64 1.20 1.23 1.04 0.90 0.97 0.84 1.77 0.86 0.74 0.98 1.27
Starbucks Corp. 0.48 0.55 0.52 0.51 0.48 0.48 0.52 0.55 0.57 0.93 0.75 0.75 0.78 0.75 0.63 0.43 0.46 0.59 0.95 0.54 1.05 1.69 0.51 0.60 0.68

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

1 Q1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,886 ÷ 12,396 = 0.23

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Cash Ratio

Carnival Corp. & plc, cash ratio calculation (quarterly data)

Microsoft Excel
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 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,242 2,415 2,842 4,468 5,455 4,029 7,071 7,054 6,414 8,939 7,151 7,067 9,674 9,513 8,176 6,881 1,354 518 1,153 1,202 649 982 526 1,053 453
Restricted cash 11 18 18 15 1,988
Short-term investments 151 515 200 647 2,204 1,840
Total cash assets 2,242 2,426 2,860 4,486 5,470 6,017 7,071 7,205 6,929 9,139 7,798 9,271 11,514 9,513 8,176 6,881 1,354 518 1,153 1,202 649 982 526 1,053 453
 
Current liabilities 12,396 11,481 11,008 11,835 11,088 10,605 12,954 13,380 10,920 10,408 9,491 8,754 8,619 8,686 10,184 11,858 10,716 9,127 8,932 10,377 9,642 9,204 8,020 9,308 8,851
Liquidity Ratio
Cash ratio1 0.18 0.21 0.26 0.38 0.49 0.57 0.55 0.54 0.63 0.88 0.82 1.06 1.34 1.10 0.80 0.58 0.13 0.06 0.13 0.12 0.07 0.11 0.07 0.11 0.05
Benchmarks
Cash Ratio, Competitors2
Airbnb Inc. 0.78 1.01 1.12 0.76 0.87 1.21 1.20 0.88 0.95 1.31 1.21 0.78 1.00
Booking Holdings Inc. 0.95 0.95 1.08 1.22 1.31 1.46 1.07 1.15 1.41 1.78 2.01 1.67 1.88 3.08 2.82 2.66 1.54 1.18 1.17 0.83 0.42
Chipotle Mexican Grill Inc. 1.42 1.26 1.34 1.38 1.19 0.98 0.96 0.92 1.03 1.23 1.20 1.19 1.27 1.16 1.25 1.25 1.32 1.32 1.29 1.31 1.26
McDonald’s Corp. 0.17 0.67 0.87 0.44 0.80 0.68 0.81 0.54 0.55 1.17 0.85 0.77 0.66 0.56 0.59 0.45 1.35 0.25 0.28 0.35 0.68
Starbucks Corp. 0.36 0.42 0.39 0.38 0.36 0.35 0.39 0.44 0.45 0.81 0.63 0.62 0.67 0.63 0.52 0.32 0.36 0.45 0.82 0.40 0.92 1.57 0.36 0.43 0.55

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

1 Q1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,242 ÷ 12,396 = 0.18

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.