Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Debt Ratio came in at 0.51 in Q2 2026, up 3.5% year-over-year from 0.49 in Q2 2025, and up 1.74% quarter-over-quarter from 0.5 in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Debt Ratio across 18 years of filings, most recently posting 0.51 for Q2 2026.
- In Q2 2026, Debt Ratio rose 3.5% year-over-year to 0.51; the TTM figure through Jun 2026 stood at 0.51 (up 3.5% YoY), while the FY2025 annual figure was 0.51, down 5.43% from the prior year.
- Debt Ratio came in at 0.51 for Q2 2026 at Royal Caribbean Cruises, up from 0.5 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.7 in Q3 2022 to a low of 0.49 in Q2 2025.
- Average Debt Ratio over 5 years is 0.59, with a median of 0.58 recorded in 2024.
- Year-over-year, Debt Ratio increased 12.07% in 2022 and slipped 13.49% in 2025.
- Over 5 years, Debt Ratio stood at 0.7 in 2022, then fell by 12.17% to 0.61 in 2023, then dropped by 11.06% to 0.54 in 2024, then fell by 5.43% to 0.51 in 2025, then retreated by 0.5% to 0.51 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.51 in Q2 2026, 0.5 in Q1 2026, and 0.51 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 0.51 |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 0.43 |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 0.52 |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 0.63 |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 0.64 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.51 |
| Mar 31, 2026 | 0.50 |
| Dec 31, 2025 | 0.51 |
| Sep 30, 2025 | 0.51 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.52 |
| Dec 31, 2024 | 0.54 |
| Sep 30, 2024 | 0.56 |
| Jun 30, 2024 | 0.57 |
| Mar 31, 2024 | 0.58 |
| Dec 31, 2023 | 0.61 |
| Sep 30, 2023 | 0.61 |
| Jun 30, 2023 | 0.62 |
| Mar 31, 2023 | 0.65 |
| Dec 31, 2022 | 0.70 |
| Sep 30, 2022 | 0.70 |
| Jun 30, 2022 | 0.68 |
| Mar 31, 2022 | 0.68 |
| Dec 31, 2021 | 0.66 |
| Sep 30, 2021 | 0.64 |