• Carnival average current ratio for 2024 was 0.31, a 39.22% decline from 2023.
• Carnival average current ratio for 2023 was 0.51, a 26.09% decline from 2022.
• Carnival average current ratio for 2022 was 0.69, a 38.94% decline from 2021.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.