Royal Caribbean Cruises RCL
NYSE RCL
$264.53 -0.66 (-0.25%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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