Royal Caribbean Cruises (RCL) Net Debt Issuances and Repayments (2009 - 2026)
Royal Caribbean Cruises' Net Debt Issuances and Repayments was -$532 million in Q3 2026, compared with $1.3 billion a year earlier.
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Analysis
Royal Caribbean Cruises (RCL) Net Debt Issuances and Repayments (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Caribbean Cruises' Net Debt Issuances and Repayments was $2.04 billion through Sep 30, 2026; for FY2025, it came in at $1.14 billion.
- Net Debt Issuances and Repayments shows a five-year compound annual growth rate of -33.3% (FY2020 to FY2025).
- In earlier years, Net Debt Issuances and Repayments was -$1.33 billion in FY2024, -$1.93 billion in FY2023, $2.06 billion in FY2022 (+17.2%) and $1.76 billion in FY2021 (-79.7%).
- The Q3 2026 figure marks the lowest quarterly Net Debt Issuances and Repayments since Q1 2025.
- Per Business Quant data, RCL's Net Debt Issuances and Repayments in the three quarters before Q3 2026 was $1.8 billion (Q2 2026), -$277 million (Q1 2026) and $1.05 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Debt Issuance (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 70.00 Mn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | -532.00 Mn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | -8.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | -939.00 Mn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | -88.67 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 149.00 Mn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 274.00 Mn |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 126.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -532.00 Mn |
| Jun 30, 2026 | 1.80 Bn |
| Mar 31, 2026 | -277.00 Mn |
| Dec 31, 2025 | 1.05 Bn |
| Sep 30, 2025 | 1.30 Bn |
| Jun 30, 2025 | -474.00 Mn |
| Mar 31, 2025 | -741.00 Mn |
| Dec 31, 2024 | -722.00 Mn |
| Sep 30, 2024 | -335.00 Mn |
| Jun 30, 2024 | 652.00 Mn |
| Mar 31, 2024 | -928.00 Mn |
| Dec 31, 2023 | 1.52 Bn |
| Sep 30, 2023 | -406.00 Mn |
| Jun 30, 2023 | -1.08 Bn |
| Mar 31, 2023 | -1.96 Bn |
| Dec 31, 2022 | -14.24 Mn |
| Sep 30, 2022 | -52.52 Mn |
| Jun 30, 2022 | 782.42 Mn |
| Mar 31, 2022 | 1.34 Bn |
| Dec 31, 2021 | 239.00 Mn |
API Access
Royal Caribbean Cruises Net Debt Issuances and Repayments 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=net-debt-issuances-and-repayments&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-debt-issuances-and-repayments", "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=net-debt-issuances-and-repayments&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();