• Carnival average quick ratio for 2023 was 0.47, a 27.69% decline from 2022.
• Carnival average quick ratio for 2022 was 0.65, a 40.91% decline from 2021.
• Carnival average quick ratio for 2021 was 1.1, a 48.65% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.