Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026)
Royal Caribbean Cruises (RCL) reported Total Debt of $21.1 billion for Q1 2026, up 8.9% on a YoY basis from $19.4 billion in Q1 2025, and down 1.08% sequentially from $21.3 billion in Q4 2025.
Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises (RCL) has 18 years of Total Debt data on file, last reported at $21.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Total Debt rose 8.9% year-over-year to $21.1 billion; the trailing twelve-month figure through Mar 2026 stood at $21.1 billion (up 8.9% YoY), and the FY2025 full-year result was $21.3 billion, up 6.32% from the prior year.
- Total Debt fell to $21.1 billion in Q1 2026, from $21.3 billion in the prior quarter.
- In the past five years, Total Debt ranged from a high of $23.4 billion in Q4 2022 to a low of $4.5 billion in Q3 2022.
- A 5-year average of $20.0 billion and a median of $20.8 billion in 2024 frame the typical range for Total Debt.
- Across the five-year window, Total Debt sank 78.19% in 2022 and soared 339.35% in 2023, its largest moves.
- Tracing RCL's Total Debt over 5 years: stood at $23.4 billion in 2022, then slipped by 8.29% to $21.5 billion in 2023, then retreated by 6.41% to $20.1 billion in 2024, then gained by 6.32% to $21.3 billion in 2025, then retreated by 1.08% to $21.1 billion in 2026.
- Business Quant data shows RCL's Total Debt at $21.1 billion in Q1 2026, $21.3 billion in Q4 2025, and $20.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 18.41 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 21.11 Bn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 2.48 Bn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 8.39 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 5.50 Bn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 24.89 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 4.47 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 15.15 Bn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | - |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 1.52 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.11 Bn |
| Dec 31, 2025 | 21.35 Bn |
| Sep 30, 2025 | 20.28 Bn |
| Jun 30, 2025 | 19.01 Bn |
| Mar 31, 2025 | 19.39 Bn |
| Dec 31, 2024 | 20.08 Bn |
| Sep 30, 2024 | 20.84 Bn |
| Jun 30, 2024 | 21.12 Bn |
| Mar 31, 2024 | 20.52 Bn |
| Dec 31, 2023 | 21.45 Bn |
| Sep 30, 2023 | 19.97 Bn |
| Jun 30, 2023 | 20.40 Bn |
| Mar 31, 2023 | 21.46 Bn |
| Dec 31, 2022 | 23.39 Bn |
| Sep 30, 2022 | 4.55 Bn |
| Jun 30, 2022 | 23.21 Bn |
| Mar 31, 2022 | 22.50 Bn |
| Dec 31, 2021 | 21.09 Bn |
| Sep 30, 2021 | 20.84 Bn |
| Jun 30, 2021 | 21.05 Bn |