Royal Caribbean Cruises Balance Sheet Health
Financial Health criteria checks 1/6
Royal Caribbean Cruises has a total shareholder equity of $7.2B and total debt of $20.5B, which brings its debt-to-equity ratio to 283.6%. Its total assets and total liabilities are $37.1B and $29.8B respectively. Royal Caribbean Cruises's EBIT is $4.1B making its interest coverage ratio 2.5. It has cash and short-term investments of $418.0M.
Key information
283.6%
Debt to equity ratio
US$20.49b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$418.00m |
| Equity | US$7.22b |
| Total liabilities | US$29.84b |
| Total assets | US$37.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0I1W's short term assets ($1.8B) do not cover its short term liabilities ($9.6B).
Long Term Liabilities: 0I1W's short term assets ($1.8B) do not cover its long term liabilities ($20.2B).
Debt to Equity History and Analysis
Debt Level: 0I1W's net debt to equity ratio (277.9%) is considered high.
Reducing Debt: 0I1W's debt to equity ratio has increased from 84% to 283.6% over the past 5 years.
Debt Coverage: 0I1W's debt is well covered by operating cash flow (24%).
Interest Coverage: 0I1W's interest payments on its debt are not well covered by EBIT (2.5x coverage).