• 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.
• Carnival average current ratio for 2021 was 1.13, a 46.75% decline from 2020.

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