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# Carnival Total Current Assets

: \$8,222 Mil (As of May. 2020)
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Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Carnival's total current assets for the quarter that ended in May. 2020 was \$8,222 Mil.

## Carnival Total Current Assets Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Carnival Annual Data Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Total Current Assets     2,451.00 1,689.00 1,596.00 2,225.00 2,059.00

## Carnival Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Carnival's Total Current Assets for the fiscal year that ended in Nov. 2019 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Other Current Assets = 518 + 444 + 427 + 670 = 2,059

Carnival's Total Current Assets for the quarter that ended in May. 2020 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Other Current Assets = 6881 + 604 + 362 + 375 = 8,222

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Carnival  (NYSE:CCL) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Carnival's Liquidation Value for the quarter that ended in May. 2020 is

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 6881 - 28977 + 0.75 * 604 + 0.5 * 362 = -21,462

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.