Royal Caribbean Cruises (RCL) Interest Coverage Ratio (2009 - 2026)

Royal Caribbean Cruises' (RCL) quarterly Interest Coverage Ratio came in at 4.18 in Q1 2026, up 10.14% year-on-year from 3.8 in Q1 2025, and up 19.62% quarter-over-quarter from 3.49 in Q4 2025.

Royal Caribbean Cruises (RCL) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed Interest Coverage Ratio across 18 years of filings, most recently posting 4.18 for Q1 2026.

  • Interest Coverage Ratio for Q1 2026 came in at 4.18, up 10.14% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.02 (up 65.25% YoY), and the FY2025 annual result was 4.95, up 91.67% from the prior year.
  • Interest Coverage Ratio came in at 4.18 for Q1 2026 at Royal Caribbean Cruises, up from 3.49 in the prior quarter.
  • In the past five years, Interest Coverage Ratio ranged from a high of 6.86 in Q3 2025 to a low of 3.09 in Q1 2022.
  • The 5-year median for Interest Coverage Ratio is 2.35 (2024), against an average of 2.35.
  • Across the five-year window, Interest Coverage Ratio surged 5178.31% in 2023 and fell 27.17% in 2024, its largest moves.
  • Royal Caribbean Cruises' Interest Coverage Ratio stood at 0.03 in 2022, then soared by 5178.31% to 1.64 in 2023, then jumped by 42.81% to 2.35 in 2024, then surged by 48.96% to 3.49 in 2025, then increased by 19.62% to 4.18 in 2026.
  • The last three Interest Coverage Ratio figures came in at 4.18 (Q1 2026), 3.49 (Q4 2025), and 6.86 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 5.02
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 4.18
4 Carnival 37.80 Bn 36.39 Bn - 2.09
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 2.26
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn -
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.11
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 4.82
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -22.75
10 MakeMyTrip 2.12 Bn 1.35 Bn - 2.43

Historic Data

Download Data
DateValue
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
Sep 30, 2021 -2.34
Jun 30, 2021 -3.36