Royal Caribbean Cruises Balance Sheet Health
Financial Health criteria checks 2/6
Royal Caribbean Cruises has a total shareholder equity of $9.4B and total debt of $18.9B, which brings its debt-to-equity ratio to 201.9%. Its total assets and total liabilities are $38.5B and $29.2B respectively. Royal Caribbean Cruises's EBIT is $4.5B making its interest coverage ratio 4.6. It has cash and short-term investments of $735.0M.
Key information
201.91%
Debt to equity ratio
US$18.90b
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$735.00m |
| Equity | US$9.36b |
| Total liabilities | US$29.18b |
| Total assets | US$38.54b |
Recent financial health updates
Recent updates
Royal Caribbean: One For The Long-Term
Aug 31An Intrinsic Calculation For Royal Caribbean Cruises Ltd. (NYSE:RCL) Suggests It's 44% Undervalued
Jul 16
Investors Appear Satisfied With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Prospects As Shares Rocket 25%
Jul 04Investors Will Want Royal Caribbean Cruises' (NYSE:RCL) Growth In ROCE To Persist
May 27Royal Caribbean Cruises Ltd.'s (NYSE:RCL) 26% Jump Shows Its Popularity With Investors
May 13We Think That There Are Issues Underlying Royal Caribbean Cruises' (NYSE:RCL) Earnings
May 07If EPS Growth Is Important To You, Royal Caribbean Cruises (NYSE:RCL) Presents An Opportunity
Apr 19Royal Caribbean Cruises' Selloff Is Finally Here - Upgrade To Buy
Mar 26Shareholders Should Be Pleased With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Price
Mar 22Royal Caribbean: Margin Expansion Will Drive Shares Higher
Mar 05Royal Caribbean Cruises: This Company Is Built To Withstand A Slowdown
Feb 19Royal Caribbean Cruises: Fade The Rally - Consumer Spending Trends May Reverse Soon
Feb 10Returns On Capital Are Showing Encouraging Signs At Royal Caribbean Cruises (NYSE:RCL)
Jan 05Royal Caribbean Cruises: Why You Should Disembark
Jan 03Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Intrinsic Value Is Potentially 69% Above Its Share Price
Dec 24These 4 Measures Indicate That Royal Caribbean Cruises (NYSE:RCL) Is Using Debt Reasonably Well
Dec 12Royal Caribbean: No Significant Upside Despite Factoring In Generous Assumptions
Dec 01Here's Why We Think Royal Caribbean Cruises (NYSE:RCL) Might Deserve Your Attention Today
Nov 30Royal Caribbean: Let Your Winners Run - Downgrade To Hold
Nov 19Why We're Not Concerned About Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Share Price
Oct 30Royal Caribbean: A Double Beat On Earnings Is Relatively Likely (Earnings Preview)
Oct 25Royal Caribbean: Don't Overlook This ROA King
Oct 18Royal Caribbean: Peak Travel Remains Far Off
Sep 30Royal Caribbean: Tailwind From Cruise Demand While Sailing Into Recession Uncertainty
Sep 15Returns Are Gaining Momentum At Royal Caribbean Cruises (NYSE:RCL)
Sep 09Royal Caribbean Cruises: Riding The Waves Higher As Demand Soars
Aug 13Royal Caribbean: Buy More As It Dips, Double Digit Growths Ahead
Jul 27Royal Caribbean: Smooth Operator, Shrewd Profiteer
Jun 24Royal Caribbean Cruises: Estimated Earnings Already Priced In
Jun 14Royal Caribbean Keeps Delivering - Fade The Rally Before Adding
May 02Financial Position Analysis
Short Term Liabilities: RCL's short term assets ($2.5B) do not cover its short term liabilities ($10.6B).
Long Term Liabilities: RCL's short term assets ($2.5B) do not cover its long term liabilities ($18.6B).
Debt to Equity History and Analysis
Debt Level: RCL's net debt to equity ratio (194.1%) is considered high.
Reducing Debt: RCL's debt to equity ratio has increased from 196% to 201.9% over the past 5 years.
Debt Coverage: RCL's debt is well covered by operating cash flow (30.4%).
Interest Coverage: RCL's interest payments on its debt are well covered by EBIT (4.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/08 17:20 |
| End of Day Share Price | 2025/09/05 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Royal Caribbean Cruises Ltd. is covered by 63 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Marius Magelie | ABG Sundal Collier |
| Kenneth Sivertsen | Arctic Securities ASA |
| John Staszak | Argus Research Company |