Royal Caribbean Cruises (RCL) Debt to Equity (2009 - 2026)

Royal Caribbean Cruises has disclosed Debt to Equity across 18 years of filings, most recently posting $2.01 for Q1 2026.

• Debt to Equity for Q1 2026 came in at $2.01, down 15.77% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.01 (down 15.77% YoY), and the FY2025 annual result was $1.78, down 25.85% from the prior year.
• Debt to Equity came in at $2.01 for Q1 2026 at Royal Caribbean Cruises, up from $1.78 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $8.15 in Q4 2022 to a low of $1.78 in Q4 2025.
• The 5-year median for Debt to Equity is $3.85 (2024), against an average of $4.23.
• Across the five-year window, Debt to Equity jumped 155.86% in 2022 and sank 50.51% in 2023, its largest moves.
• Royal Caribbean Cruises' Debt to Equity stood at $8.15 in 2022, then tumbled by 50.51% to $4.03 in 2023, then slumped by 40.52% to $2.4 in 2024, then decreased by 25.85% to $1.78 in 2025, then advanced by 12.72% to $2.01 in 2026.
• The last three Debt to Equity figures came in at $2.01 (Q1 2026), $1.78 (Q4 2025), and $2.01 (Q3 2025), per Business Quant data.