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RCLRoyal Caribbean Cruises Ltd.

Debt to Assets Ratio: 51.90%

popular:market cap|pe ratio|revenue|price history|total return

Is the debt to assets ratio high or low?

The debt to assets ratio of 51.90% is 16% below its 5-year average of 61.75%, near the low end of its 5-year range (51.21%–71.56%).

As of Thursday, June 25, 2026. 1.52% below its 12-month average of 52.70%.

Debt/Equity|Total Debt|Total Assets|Interest Coverage|All Metrics
Debt to Assets

RCL Debt to Assets Ratio

51.90%

Reported quarterly debt to assets ratio; no daily interpolation.

-19.30% 5Y
RCL Debt to Assets Ratio

RCL Average Debt to Assets Ratio Chart

RCL Debt to Assets Ratio

RCL Current vs Average Debt to Assets Ratio Chart

RCL Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

51.90%

DEBT TO ASSETS RATIO AVG TTM

52.70%

DEBT TO ASSETS RATIO AVG 3Y

57.97%

DEBT TO ASSETS RATIO AVG 5Y

61.75%

DEBT TO ASSETS RATIO AVG 10Y

52.35%

DEBT TO ASSETS RATIO AVG 15Y

48.66%

DEBT TO ASSETS RATIO AVG 20Y

46.85%

CURRENT VS TTM AVG

-1.52%

CURRENT VS 3Y AVG

-10.47%

CURRENT VS 5Y AVG

-15.95%

CURRENT VS 10Y AVG

-0.86%

CURRENT VS 15Y AVG

+6.65%

CURRENT VS 20Y AVG

+10.79%

RCL Competitors' Debt to Assets Ratio

NAMEMARKET CAPDEBT TO ASSETS RATIOTTM3Y5Y
Royal Caribbean Cruises Ltd. (RCL)$86.08B51.90%52.70%57.97%61.75%
Airbnb, Inc. (ABNB)vs ›$85.70B0.09%N/AN/AN/A
MercadoLibre, Inc. (MELI)vs ›$84.14B0.27%N/AN/AN/A
Hilton Worldwide Holdings Inc. (HLT)vs ›$78.15B0.93%N/AN/AN/A
Carvana Co. (CVNA)vs ›$74.50B0.05%N/AN/AN/A
Ross Stores, Inc. (ROST)vs ›$73.33B0.34%N/AN/AN/A
General Motors Company (GM)vs ›$71.19B0.46%N/AN/AN/A
Marriott International, Inc. (MAR)vs ›$101.14B0.62%N/AN/AN/A
NIKE, Inc. (NKE)vs ›$61.83B0.30%N/AN/AN/A
Sea Limited (SE)vs ›$56.81B0.11%N/AN/AN/A

Leverage Ratios Comparison

Debt/Assets

51.9%

Debt/Equity

2.26

Current Ratio

0.18

Interest Coverage

5.0x

Formula: Debt/Assets = Total Debt / Total Assets × 100

Debt/Assets vs Debt/Equity:

  • Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
  • Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
  • Both measure leverage but from different perspectives

Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.

Debt to Assets Ratio Formula & Definition

Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Debt to Assets Ratio FAQ

What is the debt to assets ratio for Royal Caribbean Cruises Ltd. (RCL)?
The debt to assets ratio for RCL stock is 51.90%.
Is Royal Caribbean Cruises Ltd.'s debt to assets ratio high or low?
The debt to assets ratio of 51.90% is 16% below its 5-year average of 61.75%, near the low end of its 5-year range (51.21%–71.56%).
What is the TTM average debt to assets ratio for Royal Caribbean Cruises Ltd. (RCL)?
The TTM average debt to assets ratio for RCL stock is 52.70%.
What is the 3Y average debt to assets ratio for Royal Caribbean Cruises Ltd. (RCL)?
The 3Y average debt to assets ratio for RCL stock is 57.97%.
What is the 5Y average debt to assets ratio for Royal Caribbean Cruises Ltd. (RCL)?
The 5Y average debt to assets ratio for RCL stock is 61.75%.
What is the 10Y average debt to assets ratio for Royal Caribbean Cruises Ltd. (RCL)?
The 10Y average debt to assets ratio for RCL stock is 52.35%.
What is the 15Y average debt to assets ratio for Royal Caribbean Cruises Ltd. (RCL)?
The 15Y average debt to assets ratio for RCL stock is 48.66%.
What is the 20Y average debt to assets ratio for Royal Caribbean Cruises Ltd. (RCL)?
The 20Y average debt to assets ratio for RCL stock is 46.85%.

RCL Debt to Assets Ratio History

DATEDEBT TO ASSETS RATIO
2026-03-3151.90%
2025-12-3154.39%
2025-09-3052.29%
2025-06-3051.21%
2025-03-3153.72%
2024-12-3156.16%
2024-09-3058.15%
2024-06-3058.88%
2024-03-3160.20%
2023-12-3162.99%
2023-09-3062.76%
2023-06-3063.84%
2023-03-3167.08%
2022-12-3171.04%
2022-09-3071.56%
2022-06-3070.25%
2022-03-3170.13%
2021-12-3167.25%
2021-09-3065.70%
2021-06-3064.31%
2021-03-3162.83%
2020-12-3161.59%
2020-09-3061.39%
2020-06-3058.55%
2020-03-3149.97%
2019-12-3138.70%
2019-09-3038.22%
2019-06-3039.09%
2019-03-3138.58%
2018-12-3138.91%
2018-09-3037.55%
2018-06-3035.41%
2018-03-3136.75%
2017-12-3133.72%
2017-09-3034.35%
2017-06-3036.42%
2017-03-3138.92%
2016-12-3142.08%
2016-09-3043.29%
2016-06-3044.72%
2016-03-3141.51%
2015-12-3141.03%
2015-09-3040.51%
2015-06-3041.04%
2015-03-3141.01%
2014-12-3140.77%
2014-09-3035.64%
2014-06-3037.95%
2014-03-3139.74%
2013-12-3140.23%
2013-09-3039.45%
2013-06-3041.37%
2013-03-3142.62%
2012-12-3142.82%
2012-09-3039.55%
2012-06-3041.76%
2012-03-3142.63%
2011-12-3142.90%
2011-09-3043.51%
2011-06-3043.14%
2011-03-3144.39%
2010-12-3146.46%
2010-09-3043.45%
2010-06-3044.31%
2010-03-3144.93%
2009-12-3146.18%
2009-09-3042.45%
2009-06-3041.43%
2009-03-3143.03%
2008-12-3142.59%
2008-09-3038.23%
2008-06-3038.71%
2008-03-3138.25%
2007-12-3138.03%
2007-09-3038.96%
2007-06-3039.81%
2007-03-3139.21%
2006-12-3140.42%
2006-09-3036.44%
2006-06-3037.84%
2006-03-3145.35%
2005-12-3136.91%
2005-09-3036.94%
2005-06-3040.85%
2005-03-3144.18%
2004-12-3155.22%
2004-09-3048.69%
2004-06-3049.75%
2004-03-3150.39%
2003-12-3151.54%
2003-09-3049.89%
2003-06-3050.97%
2003-03-3150.78%
2002-12-3151.67%
2002-09-3052.07%
2002-06-3053.02%

Related Metrics

Debt/EquityTotal DebtTotal AssetsInterest CoverageAll Metrics

About Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. is a prominent global operator within the cruise sector. The company manages several well-known cruise lines, such as Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. Through these brands, it offers a wide array of voyages that call upon approximately 1,000 different destinations across the globe. As of February 25, 2022, its expansive fleet comprised 61 vessels. Established in 1968, the company's corporate headquarters are situated in Miami, Florida.

Miami, FL
105,950 employees
www.rclinvestor.com
Consumer Cyclical / Travel Services
Sector
Consumer Cyclical
Industry
Travel Services
CEO
Jason T. Liberty
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