Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026)
Royal Caribbean Cruises' Debt Ratio came in at 0.51 for Q2 2026, up 3.7% from 0.49 a year earlier and up 1.7% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026) Analysis & Trends
Going back to Q4 2009, Royal Caribbean Cruises' Debt Ratio data covers 67 quarters.
- Debt Ratio has declined in each of the last three years.
- Going back by year, Debt Ratio was 0.54 in FY2024 (-11.3%), 0.61 in FY2023 (-11.8%), 0.69 in FY2022 (+5.9%) and 0.65 in FY2021 (+9.8%).
- The five-year range for quarterly Debt Ratio is 0.49 (Q2 2025) to 0.70 (Q3 2022).
- Year-over-year, Debt Ratio increased in 1 of the last eight quarters, with an average decline of 7.3%.
- The fastest year-over-year change in Debt Ratio over five years came in Q1 2022 (growth of 12.1%), and the weakest in Q2 2025 (a decline of 13.6%).
- Business Quant data shows RCL's Debt Ratio at 0.50 (Q1 2026), 0.51 (Q4 2025) and 0.51 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 0.60 |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 0.79 |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 0.51 |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 0.43 |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 0.48 |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | -0.40 |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 0.10 |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 0.31 |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 0.07 |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 0.03 |
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 | 0.69 |
| Sep 30, 2022 | 0.70 |
| Jun 30, 2022 | 0.68 |
| Mar 31, 2022 | 0.68 |
| Dec 31, 2021 | 0.65 |
| Sep 30, 2021 | 0.64 |
API Access
Royal Caribbean Cruises Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();