Royal Caribbean Cruises (RCL) Times Interest Earned (2009 - 2026)
Royal Caribbean Cruises' Times Interest Earned came in at 6.43 for 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) Times Interest Earned (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Royal Caribbean Cruises reported Times Interest Earned of 4.92, up 6.0% year-over-year; for FY2025, it came in at 4.95, up 91.7% from FY2024.
- Going back by year, Times Interest Earned was 2.58 in FY2024 (+25.8%), 2.05 in FY2023, -0.56 in FY2022 and -3.00 in FY2021.
- The five-year range for quarterly Times Interest Earned is -3.63 (Q4 2021) to 6.86 (Q3 2025).
- Year-over-year, Times Interest Earned increased in six of the last eight quarters, with growth averaging 52.1%.
- The fastest year-over-year change in Times Interest Earned over five years came in Q3 2023 (growth of 339.1%), and the weakest in Q3 2024 (a decline of 27.2%).
- Business Quant data shows RCL's Times Interest Earned at 5.54 (Q2 2026), 4.18 (Q1 2026) and 3.49 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.17 Bn | 107.44 Bn | 1.54 Bn | 5.61 |
| 2 | Royal Caribbean Cruises | 90.21 Bn | 87.14 Bn | 2.88 Bn | 6.43 |
| 3 | Hilton Worldwide Holdings | 83.39 Bn | 80.13 Bn | 3.05 Bn | 4.94 |
| 4 | Carnival | 41.72 Bn | 34.90 Bn | - | 7.79 |
| 5 | Viking Holdings | 38.70 Bn | 23.82 Bn | 996.62 Mn | 7.84 |
| 6 | Trip.com | 28.88 Bn | -16.16 Bn | 1.84 Bn | -12.71 |
| 7 | Intercontinental Hotels | 27.77 Bn | 23.74 Bn | - | - |
| 8 | Hyatt Hotels | 17.35 Bn | 14.77 Bn | 384.00 Mn | -17.80 |
| 9 | H World | 15.40 Bn | 6.80 Bn | 456.00 Mn | 36.22 |
| 10 | U-Haul Holding | 10.98 Bn | 6.63 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 Times Interest Earned 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=times-interest-earned&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();