Royal Caribbean Cruises Ltd. (RCL) Debt to Equity Ratio: 2.26
Is Royal Caribbean Cruises Ltd.’s debt to equity ratio high or low?
Royal Caribbean Cruises Ltd.'s debt to equity ratio of 2.26 is 45% below its 5-year average of 4.10, near the low end of its 5-year range (2.26–8.36).
As of Thursday, June 25, 2026. 9.78% below its 12-month average of 2.50.
RCL Debt to Equity Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
RCL Average Debt to Equity Ratio Chart
RCL Current vs Average Debt to Equity Ratio Chart
RCL Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
2.26
DEBT TO EQUITY RATIO AVG TTM
2.50
DEBT TO EQUITY RATIO AVG 3Y
4.51
DEBT TO EQUITY RATIO AVG 5Y
4.10
DEBT TO EQUITY RATIO AVG 10Y
2.67
DEBT TO EQUITY RATIO AVG 15Y
1.53
DEBT TO EQUITY RATIO AVG 20Y
1.21
CURRENT VS TTM AVG
-9.78%
CURRENT VS 3Y AVG
-49.92%
CURRENT VS 5Y AVG
-44.88%
CURRENT VS 10Y AVG
-15.21%
CURRENT VS 15Y AVG
+47.85%
CURRENT VS 20Y AVG
+86.95%
RCL Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Caribbean Cruises Ltd. (RCL) | $86.08B | 2.26 | 2.50 | 4.51 | 4.10 |
| Airbnb, Inc. (ABNB)vs › | $85.70B | 0.25 | 0.26 | 0.30 | 0.42 |
| MercadoLibre, Inc. (MELI)vs › | $84.14B | 1.69 | 1.63 | 1.99 | 1.93 |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $78.15B | -2.91 | 8.21 | 4.82 | 4.11 |
| Carvana Co. (CVNA)vs › | $74.50B | 0.18 | 2.49 | 10.86 | 11.25 |
| Ross Stores, Inc. (ROST)vs › | $73.33B | 0.84 | 0.94 | 1.09 | 1.25 |
| General Motors Company (GM)vs › | $71.19B | 2.13 | 2.10 | 1.95 | 2.02 |
| Marriott International, Inc. (MAR)vs › | $101.14B | -4.53 | 13.74 | 17.59 | 12.81 |
| NIKE, Inc. (NKE)vs › | $61.83B | 0.83 | 0.83 | 0.84 | 1.00 |
| Sea Limited (SE)vs › | $56.81B | 0.27 | 0.38 | 0.55 | 0.57 |
Financial Health
Debt/Equity
2.26
Current Ratio
0.18
Royal Caribbean Cruises Ltd. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Royal Caribbean Cruises Ltd. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The debt to equity ratio for RCL stock is 2.26.
- Is Royal Caribbean Cruises Ltd.'s debt to equity ratio high or low?
- Royal Caribbean Cruises Ltd.'s debt to equity ratio of 2.26 is 45% below its 5-year average of 4.10, near the low end of its 5-year range (2.26–8.36).
- What is the TTM average debt to equity ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The TTM average debt to equity ratio for RCL stock is 2.50.
- What is the 3Y average debt to equity ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 3Y average debt to equity ratio for RCL stock is 4.51.
- What is the 5Y average debt to equity ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 5Y average debt to equity ratio for RCL stock is 4.10.
- What is the 10Y average debt to equity ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 10Y average debt to equity ratio for RCL stock is 2.67.
- What is the 15Y average debt to equity ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 15Y average debt to equity ratio for RCL stock is 1.53.
- What is the 20Y average debt to equity ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 20Y average debt to equity ratio for RCL stock is 1.21.
Royal Caribbean Cruises Ltd. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 2.26 |
| 2024-12-31 | 2.75 |
| 2023-12-31 | 4.68 |
| 2022-12-31 | 8.36 |
| 2021-12-31 | 4.27 |
| 2020-12-31 | 2.28 |
| 2019-12-31 | 0.96 |
| 2018-12-31 | 0.97 |
| 2017-12-31 | 0.70 |
| 2016-12-31 | 1.03 |
| 2015-12-31 | 1.06 |
| 2014-12-31 | 1.02 |
| 2013-12-31 | 0.92 |
| 2012-12-31 | 1.02 |
| 2011-12-31 | 1.01 |
| 2010-12-31 | 1.15 |
| 2009-12-31 | 1.12 |
| 2008-12-31 | 1.03 |
| 2007-12-31 | 0.84 |
| 2006-12-31 | 0.89 |
| 2005-12-31 | 0.75 |
| 2004-12-31 | 1.38 |
| 2003-12-31 | 1.37 |
| 2002-12-31 | 1.35 |
| 2001-12-31 | 1.50 |
| 2000-12-31 | 0.94 |
| 1999-12-31 | 0.72 |
| 1998-12-31 | 1.01 |
| 1997-12-31 | 1.27 |
| 1996-12-31 | 1.26 |
Related 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.
- Sector
- Consumer Cyclical
- Industry
- Travel Services
- CEO
- Jason T. Liberty