Royal Caribbean Cruises (RCL) Non-Current Debt (2009 - 2026)
Royal Caribbean Cruises' Non-Current Debt was $21.26 billion in Q2 2026, up 20.7% from $17.61 billion a year earlier and up 8.1% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Non-Current Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Non-Current Debt at Royal Caribbean Cruises came in at $18.17 billion, down 1.7% from FY2024.
- Non-Current Debt has now declined for three consecutive years, though with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- In earlier years, Non-Current Debt was $18.47 billion in FY2024 (-6.4%), $19.73 billion in FY2023 (-7.4%), $21.3 billion in FY2022 (+13.0%) and $18.85 billion in FY2021 (+5.0%).
- The Q2 2026 figure marks the highest quarterly Non-Current Debt since Q4 2022.
- Compared with a year earlier, Non-Current Debt was higher in three of the last eight quarters, with growth averaging 0.4%.
- The best year-over-year quarter for Non-Current Debt over five years was Q2 2026 (growth of 20.7%); the worst was Q2 2022 (a decline of 11.6%).
- Per Business Quant data, RCL's Non-Current Debt in the three quarters before Q2 2026 was $19.67 billion (Q1 2026), $18.17 billion (Q4 2025) and $17.2 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 16.46 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 12.72 Bn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 21.26 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 5.74 Bn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 23.42 Bn |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | -1.05 Bn |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 93.00 Mn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 3.68 Bn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 489.00 Mn |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 295,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.26 Bn |
| Mar 31, 2026 | 19.67 Bn |
| Dec 31, 2025 | 18.17 Bn |
| Sep 30, 2025 | 17.20 Bn |
| Jun 30, 2025 | 17.61 Bn |
| Mar 31, 2025 | 17.99 Bn |
| Dec 31, 2024 | 18.47 Bn |
| Sep 30, 2024 | 18.97 Bn |
| Jun 30, 2024 | 19.79 Bn |
| Mar 31, 2024 | 18.88 Bn |
| Dec 31, 2023 | 19.73 Bn |
| Sep 30, 2023 | 17.92 Bn |
| Jun 30, 2023 | 18.69 Bn |
| Mar 31, 2023 | 19.40 Bn |
| Dec 31, 2022 | 21.30 Bn |
| Sep 30, 2022 | 19.38 Bn |
| Jun 30, 2022 | 17.75 Bn |
| Mar 31, 2022 | 19.94 Bn |
| Dec 31, 2021 | 18.85 Bn |
| Sep 30, 2021 | 19.88 Bn |
API Access
Royal Caribbean Cruises Non-Current Debt 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=non-current-debt&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();