Royal Caribbean Cruises Ltd. (RCL)RCLRoyal Caribbean Cruises Ltd.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	2.204B	2.204B	2.211B	1.887B	2.450B	1.828B	1.705B	1.831B	1.886B
Cash & Cash Equivalents	512.000M	512.000M	825.000M	432.000M	735.000M	386.000M	388.000M	418.000M	391.000M
Short-Term Investments	0.00	0.00	115.000M	209.000M	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	512.000M	512.000M	940.000M	641.000M	735.000M	386.000M	388.000M	418.000M	391.000M
Accounts Receivable	479.000M	479.000M	317.000M	356.000M	431.000M	427.000M	371.000M	441.000M	412.000M
Inventory	271.000M	271.000M	264.000M	269.000M	247.000M	256.000M	265.000M	265.000M	242.000M
Total Assets	41.990B	41.990B	41.619B	40.109B	38.542B	37.452B	37.070B	37.067B	36.974B
Property, Plant & Equipment	36.495B	36.495B	36.316B	35.248B	33.007B	32.565B	32.508B	32.355B	32.348B
Goodwill	808.000M	808.000M	808.000M	808.000M	808.000M	808.000M	808.000M	809.000M	809.000M
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	11.065B	11.065B	12.055B	11.469B	10.573B	10.300B	9.817B	9.631B	9.894B
Accounts Payable	1.010B	1.010B	953.000M	828.000M	959.000M	956.000M	919.000M	851.000M	821.000M
Short-Term Debt	1.448B	1.448B	3.270B	3.074B	1.402B	1.396B	1.603B	1.868B	1.332B
Total Liabilities	31.962B	31.962B	31.374B	29.821B	29.182B	29.310B	29.335B	29.843B	30.792B
Long-Term Debt	19.666B	19.666B	18.765B	17.203B	17.612B	17.993B	18.473B	18.972B	19.785B
Total Debt	21.792B	21.792B	22.635B	20.975B	19.737B	20.119B	20.820B	21.556B	21.772B
Net Debt (Cash)	21.280B	21.280B	21.810B	20.543B	19.002B	19.733B	20.432B	21.138B	21.381B
Total Shareholders' Equity	9.810B	9.810B	10.037B	10.092B	9.169B	7.960B	7.563B	7.045B	6.008B
Common Stock	3.000M	3.000M	3.000M	3.000M	3.000M	3.000M	3.000M	3.000M	3.000M
Retained Earnings	6.460B	6.460B	5.925B	5.443B	4.144B	3.139B	2.612B	2.207B	1.204B
Current Ratio	0.20	0.20	0.18	0.16	0.23	0.18	0.17	0.19	0.19
Debt to Equity Ratio	2.22	2.22	2.26	2.08	2.15	2.53	2.75	3.06	3.62

Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	2.211B	1.705B	1.792B	3.205B	3.600B	4.312B	1.163B	1.242B
Cash & Cash Equivalents	825.000M	388.000M	497.000M	1.935B	2.702B	3.684B	243.738M	287.852M
Short-Term Investments	115.000M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	940.000M	388.000M	497.000M	1.935B	2.702B	3.684B	243.738M	287.852M
Accounts Receivable	317.000M	371.000M	405.000M	531.000M	408.067M	284.149M	305.821M	324.507M
Inventory	264.000M	265.000M	248.000M	224.000M	150.224M	118.703M	162.107M	153.573M
Total Assets	41.619B	37.070B	35.131B	33.776B	32.258B	32.465B	30.320B	27.698B
Property, Plant & Equipment	36.316B	32.508B	30.725B	28.084B	26.450B	25.847B	26.154B	23.466B
Goodwill	808.000M	808.000M	809.000M	809.000M	809.383M	809.480M	1.386B	1.378B
Intangible Assets	0.00	0.00	0.00	0.00	434.556M	444.854M	488.575M	502.103M
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	12.055B	9.817B	9.401B	8.573B	7.286B	4.537B	7.953B	7.112B
Accounts Payable	953.000M	919.000M	792.000M	647.000M	545.978M	353.422M	563.706M	488.212M
Short-Term Debt	3.270B	1.603B	1.720B	2.088B	2.243B	1.371B	2.621B	2.422B
Total Liabilities	31.374B	29.335B	30.232B	30.907B	27.173B	23.705B	17.586B	16.051B
Long-Term Debt	18.765B	18.473B	19.732B	21.303B	18.847B	17.958B	8.414B	8.355B
Total Debt	22.635B	20.820B	22.130B	23.994B	21.694B	19.996B	11.733B	10.778B
Net Debt (Cash)	21.810B	20.432B	21.633B	22.059B	18.992B	16.311B	11.490B	10.490B
Total Shareholders' Equity	10.037B	7.563B	4.724B	2.869B	5.086B	8.761B	12.164B	11.105B
Common Stock	3.000M	3.000M	3.000M	3.000M	2.827M	2.652M	2.365M	2.358M
Retained Earnings	5.925B	2.612B	-10.000M	-1.707B	302.276M	5.563B	11.523B	10.263B
Current Ratio	0.18	0.17	0.19	0.37	0.49	0.95	0.15	0.17
Debt to Equity Ratio	2.26	2.75	4.68	8.36	4.27	2.28	0.96	0.97

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

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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