Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026)
Royal Caribbean Cruises' Debt Ratio came in at 0.50 for Q3 2026, down 1.3% from 0.51 a year earlier and down 2.5% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Royal Caribbean Cruises' Debt Ratio was 0.51, down 5.3% from FY2024.
- 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 Q3 2026 figure represents the lowest quarterly Debt Ratio since Q2 2025.
- Year-over-year, Debt Ratio increased in 1 of the last eight quarters, with an average decline of 6.5%.
- 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 0.51 (Q2 2026), 0.50 (Q1 2026) and 0.51 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.34 Bn | 107.61 Bn | 1.54 Bn | 0.60 |
| 2 | Royal Caribbean Cruises | 89.87 Bn | 86.81 Bn | 2.88 Bn | 0.50 |
| 3 | Hilton Worldwide Holdings | 83.41 Bn | 80.14 Bn | 3.05 Bn | 0.80 |
| 4 | Carnival | 41.82 Bn | 35.01 Bn | - | 0.47 |
| 5 | Viking Holdings | 38.88 Bn | 24.00 Bn | 996.62 Mn | - |
| 6 | Trip.com | 29.15 Bn | -6.13 Bn | - | 0.12 |
| 7 | Intercontinental Hotels | 27.82 Bn | 23.37 Bn | - | - |
| 8 | Hyatt Hotels | 17.47 Bn | 14.89 Bn | 384.00 Mn | 0.32 |
| 9 | H World | 15.34 Bn | 7.60 Bn | - | 0.07 |
| 10 | U-Haul Holding | 10.84 Bn | 6.48 Bn | 1.75 Bn | 0.38 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.50 |
| 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 |
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();