Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Debt Ratio of 0.51 for Q2 2026, up 1.73% sequentially from 0.5 in Q1 2026, and up 3.69% YoY from 0.49 in Q2 2025.
Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Debt Ratio for 18 years, with the latest figure at 0.51 in Q2 2026.
- Quarterly Debt Ratio rose 3.69% year-over-year to 0.51 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.51 (up 3.69% YoY) and the FY2025 annual result came in at 0.51, down 5.3% from the prior year.
- Debt Ratio climbed to 0.51 in Q2 2026 per RCL's latest filing, from 0.5 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.69 in Q4 2022 and troughed at 0.14 in Q3 2022.
- A 5-year average of 0.55 and a median of 0.57 in 2024 frame the typical range for Debt Ratio.
- The sharpest annual moves came in 2022 and 2023: Debt Ratio sank 78.71% in 2022, then surged 348.67% in 2023.
- Over 5 years, Debt Ratio stood at 0.69 in 2022, then decreased by 11.83% to 0.61 in 2023, then decreased by 11.31% to 0.54 in 2024, then retreated by 5.3% to 0.51 in 2025, then fell by 0.26% to 0.51 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.51, 0.5, and 0.51 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 0.68 |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 0.09 |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 0.51 |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 0.45 |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 0.48 |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 0.19 |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 0.12 |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 0.63 |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 0.80 |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 0.31 |
Historic Data
Download 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 | 0.14 |
| Jun 30, 2022 | 0.68 |
| Mar 31, 2022 | 0.68 |
| Dec 31, 2021 | 0.65 |
| Sep 30, 2021 | 0.64 |