Royal Caribbean Cruises (RCL) Interest Coverage Ratio (2009 - 2026)
Royal Caribbean Cruises' Interest Coverage Ratio was 6.43 in Q3 2026, down 6.3% from 6.86 a year earlier but up 16.1% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Caribbean Cruises' Interest Coverage Ratio was 4.92 through Sep 30, 2026, up 6.0% year-over-year; for FY2025, it was 4.95, up 91.7% from FY2024.
- In earlier years, Interest Coverage Ratio was 2.58 in FY2024 (+25.8%), 2.05 in FY2023, -0.56 in FY2022 and -3.00 in FY2021.
- Quarterly Interest Coverage Ratio has moved between -3.63 (Q4 2021) and 6.86 (Q3 2025) over five years.
- Compared with a year earlier, Interest Coverage Ratio was higher in six of the last eight quarters, with growth averaging 52.1%.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q3 2023 (growth of 339.1%); the worst was Q3 2024 (a decline of 27.2%).
- Per Business Quant data, RCL's Interest Coverage Ratio in the three quarters before Q3 2026 was 5.54 (Q2 2026), 4.18 (Q1 2026) and 3.49 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.80 Bn | 107.07 Bn | 1.54 Bn | 5.61 |
| 2 | Royal Caribbean Cruises | 90.20 Bn | 87.13 Bn | 2.88 Bn | 6.43 |
| 3 | Hilton Worldwide Holdings | 83.57 Bn | 80.30 Bn | 3.05 Bn | 4.94 |
| 4 | Carnival | 42.04 Bn | 35.23 Bn | - | 7.79 |
| 5 | Viking Holdings | 38.56 Bn | 23.68 Bn | 996.62 Mn | 7.84 |
| 6 | Trip.com | 28.95 Bn | -16.08 Bn | 1.84 Bn | -12.71 |
| 7 | Intercontinental Hotels | 27.80 Bn | 23.77 Bn | - | - |
| 8 | Hyatt Hotels | 17.37 Bn | 14.79 Bn | 384.00 Mn | -17.80 |
| 9 | H World | 15.40 Bn | 6.81 Bn | 456.00 Mn | 36.22 |
| 10 | U-Haul Holding | 11.08 Bn | 6.73 Bn | 1.75 Bn | 2.68 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.43 |
| Jun 30, 2026 | 5.54 |
| Mar 31, 2026 | 4.18 |
| Dec 31, 2025 | 3.49 |
| Sep 30, 2025 | 6.86 |
| Jun 30, 2025 | 5.83 |
| Mar 31, 2025 | 3.80 |
| Dec 31, 2024 | 2.35 |
| Sep 30, 2024 | 2.71 |
| Jun 30, 2024 | 3.69 |
| Mar 31, 2024 | 1.77 |
| Dec 31, 2023 | 1.64 |
| Sep 30, 2023 | 3.72 |
| Jun 30, 2023 | 2.17 |
| Mar 31, 2023 | 0.76 |
| Dec 31, 2022 | 0.03 |
| Sep 30, 2022 | 0.85 |
| Jun 30, 2022 | -0.72 |
| Mar 31, 2022 | -3.09 |
| Dec 31, 2021 | -3.63 |
API Access
Royal Caribbean Cruises Interest Coverage 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=interest-coverage-ratio&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-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=interest-coverage-ratio&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();