Royal Caribbean Cruises Ltd. RCL

242.70 3.72 1.56% as of 25 Sep
Market cap
$64.9B
P/E
14.9×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Royal Caribbean Cruises Ltd. (RCL) Debt to equity

Royal Caribbean Cruises Ltd.'s debt to equity at the end of the quarter to 30 June 2026 was 2.2×, up 0.1× from fiscal 2025 (2.1×). Over the past ten years it has ranged from 0.7× (fiscal 2017) to 8.2× (fiscal 2022); the current reading is higher than 55% of that period. That is above the Travel Services industry median of 0.3× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

Annual

Period Debt to equity Change
FY2025 2.1× (19.73%)
FY2024 2.6× (40.73%)
FY2023 4.4× (46.29%)
FY2022 8.2× 96.60%
FY2021 4.1× 87.97%
FY2020 2.2× 143.20%
FY2019 0.9× (6.52%)
FY2018 1.0× 37.76%
FY2017 0.7× (31.55%)
FY2016 1.0× (2.69%)

Quarterly

Period Debt to equity Change
Jun 2026 2.2× 3.68%
Mar 2026 2.1× 1.06%
Dec 2025 2.1× 5.71%
Sep 2025 2.0× (2.98%)
42 more quarters

Against its own ten years

Low 0.7× High 8.2×
Ten-year median 2.1×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
BKNG Booking Holdings Inc. compare −1.9×
TCOM Trip.com Group Limited Sponsored ADR compare 0.2×
ABNB Airbnb, Inc. compare 0.3×
GBTG Global Business Travel Group, Inc. compare 0.9×
CCL Carnival Corporation compare 1.9×
RCL Royal Caribbean Cruises Ltd. 2.2×
EXPE Expedia Group, Inc. compare 2.2×
VIK Viking Holdings Ltd. compare 3.7×
NCLH Norwegian Cruise Line Holdings Ltd. compare 5.8×
Travel Services industry median 0.3×
Consumer Cyclical sector median 0.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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