Royal Caribbean Cruises Ltd. (RCL)

Solvency & Capital Structure

Total Debt

$23.52B

Net Debt

$22.64B

Royal Caribbean Cruises Ltd. currently has $23.52B in total debt. Net debt is $22.64B after cash offsets.

Financial Fundamentals

RCL • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	23.52	0.88	22.64	44.64	52.7%
2026-03-31	21.79	0.51	21.28	41.99	51.9%
2025-12-31	22.64	0.94	21.70	41.62	54.4%
2025-09-30	20.98	0.64	20.33	40.11	52.3%
2025-06-30	19.74	0.73	19.00	38.54	51.2%
2025-03-31	20.12	0.39	19.73	37.45	53.7%
2024-12-31	20.82	0.39	20.43	37.07	56.2%
2024-09-30	21.56	0.42	21.14	37.07	58.2%
2024-06-30	21.77	0.39	21.38	36.97	58.9%
2024-03-31	21.18	0.44	20.75	35.19	60.2%
2023-12-31	22.13	0.50	21.63	35.13	63.0%
2023-09-30	20.57	0.60	19.97	32.77	62.8%
2023-06-30	21.02	0.73	20.29	32.92	63.8%
2023-03-31	22.05	1.23	20.82	32.87	67.1%
2022-12-31	23.99	1.94	22.06	33.78	71.0%
2022-09-30	23.95	1.57	22.38	33.46	71.6%
2022-06-30	23.85	2.10	21.74	33.94	70.3%
2022-03-31	23.10	1.97	21.13	32.94	70.1%
2021-12-31	21.69	2.70	18.99	32.26	67.3%
2021-09-30	21.46	3.29	18.17	32.67	65.7%
2021-06-30	21.67	4.25	17.42	33.69	64.3%
2021-03-31	21.58	5.09	16.49	34.35	62.8%
2020-12-31	20.00	3.68	16.31	32.47	61.6%
2020-09-30	19.54	3.02	16.52	31.83	61.4%
2020-06-30	19.50	4.15	15.35	33.31	58.5%
2020-03-31	16.71	3.89	12.82	33.45	50.0%
2019-12-31	11.73	0.24	11.49	30.32	38.7%
2019-09-30	11.40	0.28	11.12	29.83	38.2%
2019-06-30	11.65	0.24	11.42	29.81	39.1%
2019-03-31	11.08	0.25	10.83	28.72	38.6%
2018-12-31	10.78	0.29	10.49	27.70	38.9%
2018-09-30	10.17	0.25	9.92	27.09	37.6%
2018-06-30	8.52	0.11	8.41	24.06	35.4%
2018-03-31	8.81	0.11	8.70	23.97	36.7%
2017-12-31	7.54	0.12	7.42	22.36	33.7%
2017-09-30	7.59	0.14	7.45	22.10	34.4%
2017-06-30	8.02	0.13	7.89	22.02	36.4%
2017-03-31	8.57	0.11	8.46	22.02	38.9%
2016-12-31	9.39	0.13	9.25	22.31	42.1%
2016-09-30	9.72	0.18	9.54	22.45	43.3%
2016-06-30	10.05	0.18	9.87	22.47	44.7%
2016-03-31	8.70	0.12	8.58	20.96	41.5%
2015-12-31	8.53	0.12	8.41	20.78	41.0%
2015-09-30	8.49	0.15	8.34	20.96	40.5%
2015-06-30	8.78	0.16	8.62	21.40	41.0%
2015-03-31	8.56	0.23	8.33	20.87	41.0%
2014-12-31	8.44	0.19	8.25	20.71	40.8%
2014-09-30	6.99	0.18	6.80	19.60	35.6%
2014-06-30	7.59	0.19	7.41	20.01	37.9%
2014-03-31	8.00	0.22	7.78	20.13	39.7%
2013-12-31	8.07	0.20	7.87	20.07	40.2%
2013-09-30	7.92	0.21	7.71	20.09	39.4%
2013-06-30	8.25	0.21	8.05	19.95	41.4%
2013-03-31	8.47	0.22	8.25	19.87	42.6%
2012-12-31	8.49	0.19	8.30	19.83	42.8%
2012-09-30	7.78	0.24	7.54	19.67	39.6%
2012-06-30	8.23	0.21	8.01	19.70	41.8%
2012-03-31	8.54	0.28	8.26	20.03	42.6%
2011-12-31	8.50	0.26	8.23	19.80	42.9%
2011-09-30	8.78	0.45	8.32	20.17	43.5%
2011-06-30	8.60	0.55	8.05	19.95	43.1%
2011-03-31	8.78	0.47	8.31	19.78	44.4%
2010-12-31	9.15	0.42	8.73	19.69	46.5%
2010-09-30	8.08	0.48	7.61	18.61	43.5%
2010-06-30	8.11	0.36	7.75	18.30	44.3%
2010-03-31	8.10	0.36	7.74	18.04	44.9%
2009-12-31	8.42	0.28	8.14	18.23	46.2%
2009-09-30	7.30	0.29	7.01	17.19	42.5%
2009-06-30	6.77	0.31	6.46	16.34	41.4%
2009-03-31	6.97	0.46	6.51	16.19	43.0%
2008-12-31	7.01	0.48	6.53	16.46	42.6%
2008-09-30	6.03	0.46	5.57	15.77	38.2%
2008-06-30	6.37	0.69	5.68	16.46	38.7%
2008-03-31	5.95	0.76	5.19	15.55	38.3%
2007-12-31	5.70	0.44	5.25	14.98	38.0%
2007-09-30	5.91	0.41	5.50	15.17	39.0%
2007-06-30	5.80	0.21	5.58	14.56	39.8%
2007-03-31	5.37	0.20	5.17	13.69	39.2%
2006-12-31	5.41	0.14	5.27	13.39	40.4%
2006-09-30	4.45	0.22	4.23	12.21	36.4%
2006-06-30	4.65	0.32	4.33	12.30	37.8%
2006-03-31	5.24	0.27	4.97	11.55	45.4%
2005-12-31	4.15	0.13	4.03	11.26	36.9%
2005-09-30	4.15	0.19	3.96	11.24	36.9%
2005-06-30	4.73	0.30	4.44	11.59	40.8%
2005-03-31	5.12	0.31	4.81	11.60	44.2%
2004-12-31	6.61	0.63	5.98	11.96	55.2%
2004-09-30	5.84	0.74	5.10	12.00	48.7%
2004-06-30	5.98	0.71	5.27	12.01	49.8%
2004-03-31	5.82	0.55	5.27	11.56	50.4%
2003-12-31	5.84	0.33	5.51	11.32	51.5%
2003-09-30	5.52	0.38	5.14	11.07	49.9%
2003-06-30	5.55	0.53	5.02	10.88	51.0%
2003-03-31	5.32	0.15	5.17	10.48	50.8%
2002-12-31	5.44	0.24	5.20	10.54	51.7%
2002-09-30	5.47	0.64	4.83	10.51	52.1%
2002-06-30	5.61	0.59	5.02	10.58	53.0%
2002-03-31	5.47	0.63	4.84	10.31	53.1%
2001-12-31	5.65	0.73	4.92	10.37	54.5%
2001-09-30	5.14	0.76	4.38	9.90	51.9%
2001-06-30	4.76	0.82	3.94	9.59	49.6%
2001-03-31	4.26	0.29	3.97	8.89	47.9%
2000-12-31	3.41	0.18	3.23	7.83	43.6%
2000-09-30	3.32	0.20	3.13	7.75	42.9%
2000-06-30	2.56	0.09	2.47	6.86	37.4%
2000-03-31	2.33	0.10	2.22	6.45	36.1%
1999-12-31	2.34	0.06	2.28	6.38	36.7%
1999-09-30	2.39	0.66	1.73	6.43	37.2%
1999-06-30	2.41	0.16	2.25	5.87	41.0%
1999-03-31	2.46	0.11	2.35	5.78	42.4%
1998-12-31	2.47	0.17	2.30	5.69	43.4%
1998-09-30	2.58	0.35	2.23	5.82	44.3%
1998-06-30	2.65	0.37	2.28	5.83	45.5%
1998-03-31	2.80	0.55	2.25	5.83	48.0%
1997-12-31	2.57	0.11	2.46	5.34	48.2%
1997-09-30	2.40	0.14	2.27	5.13	46.8%
1997-06-30	1.44	0.04	1.40	3.21	44.9%
1997-03-31	1.21	0.04	1.17	2.90	41.6%
1996-12-31	1.37	0.04	1.33	2.84	48.1%
1996-09-30	1.19	0.10	1.09	2.61	45.5%