Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Total Debt came in at $22.9 billion in Q2 2026, up 19.89% year-over-year from $19.1 billion in Q2 2025, and up 8.17% quarter-over-quarter from $21.1 billion in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Total Debt across 18 years of filings, most recently posting $22.9 billion for Q2 2026.
- In Q2 2026, Total Debt rose 19.89% year-over-year to $22.9 billion; the TTM figure through Jun 2026 stood at $22.9 billion (up 19.89% YoY), while the FY2025 annual figure was $21.4 billion, up 6.18% from the prior year.
- Total Debt came in at $22.9 billion for Q2 2026 at Royal Caribbean Cruises, up from $21.1 billion in the prior quarter.
- In the past five years, Total Debt ranged from a high of $23.5 billion in Q4 2022 to a low of $19.1 billion in Q2 2025.
- Average Total Debt over 5 years is $21.3 billion, with a median of $21.1 billion recorded in 2024.
- Year-over-year, Total Debt slipped 14.4% in 2023 and advanced 19.89% in 2026.
- Over 5 years, Total Debt stood at $23.5 billion in 2022, then dropped by 8.65% to $21.5 billion in 2023, then retreated by 6.15% to $20.2 billion in 2024, then climbed by 6.18% to $21.4 billion in 2025, then rose by 6.73% to $22.9 billion in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $22.9 billion in Q2 2026, $21.1 billion in Q1 2026, and $21.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 22.85 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 5.94 Bn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 27.04 Bn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 15.03 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 663.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.85 Bn |
| Mar 31, 2026 | 21.13 Bn |
| Dec 31, 2025 | 21.41 Bn |
| Sep 30, 2025 | 20.31 Bn |
| Jun 30, 2025 | 19.06 Bn |
| Mar 31, 2025 | 19.42 Bn |
| Dec 31, 2024 | 20.17 Bn |
| Sep 30, 2024 | 20.88 Bn |
| Jun 30, 2024 | 21.14 Bn |
| Mar 31, 2024 | 20.57 Bn |
| Dec 31, 2023 | 21.49 Bn |
| Sep 30, 2023 | 19.97 Bn |
| Jun 30, 2023 | 20.40 Bn |
| Mar 31, 2023 | 21.46 Bn |
| Dec 31, 2022 | 23.52 Bn |
| Sep 30, 2022 | 23.33 Bn |
| Jun 30, 2022 | 23.21 Bn |
| Mar 31, 2022 | 22.50 Bn |
| Dec 31, 2021 | 21.22 Bn |
| Sep 30, 2021 | 20.84 Bn |