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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

Royal Caribbean Cruises (RCL) Debt to Equity (2016 - 2025)

Royal Caribbean Cruises' Debt to Equity history spans 16 years, with the latest figure at $1.82 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 25.99% year-over-year to $1.82; the TTM value through Dec 2025 reached $1.82, down 25.99%, while the annual FY2025 figure was $1.82, 25.99% down from the prior year.
  • Debt to Equity for Q4 2025 was $1.82 at Royal Caribbean Cruises, up from $1.68 in the prior quarter.
  • Across five years, Debt to Equity topped out at $7.47 in Q4 2022 and bottomed at $1.68 in Q3 2025.
  • The 5-year median for Debt to Equity is $3.39 (2024), against an average of $3.78.
  • The largest annual shift saw Debt to Equity skyrocketed 121.39% in 2022 before it crashed 44.6% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $3.73 in 2021, then surged by 100.29% to $7.47 in 2022, then plummeted by 41.39% to $4.38 in 2023, then tumbled by 43.95% to $2.45 in 2024, then fell by 25.99% to $1.82 in 2025.
  • Per Business Quant, the three most recent readings for RCL's Debt to Equity are $1.82 (Q4 2025), $1.68 (Q3 2025), and $1.89 (Q2 2025).