Royal Caribbean Cruises annual net debt
2009
2010
2011
2012
2013
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2015
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2021
2022
2023
2024
2025
Royal Caribbean Cruises Net Debt Growth & History (RCL)
Royal Caribbean Cruises's net debt was $21.37B for fiscal 2025.
View full Royal Caribbean Cruises company overviewRoyal Caribbean Cruises annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $21.37B | $820.0M | +3.99% |
| 2024 | 2024-12-31 | $20.55B | −$1.45B | −6.60% |
| 2023 | 2023-12-31 | $22.00B | −$408.0M | −1.82% |
| 2022 | 2022-12-31 | $22.41B | $2.95B | +15.13% |
| 2021 | 2021-12-31 | $19.46B | $2.94B | +17.79% |
| 2020 | 2020-12-31 | $16.52B | $4.80B | +40.99% |
| 2019 | 2019-12-31 | $11.72B | $1.23B | +11.73% |
| 2018 | 2018-12-31 | $10.49B | $3.07B | +41.39% |
| 2017 | 2017-12-31 | $7.42B | −$1.84B | −19.83% |
| 2016 | 2016-12-31 | $9.25B | $849.2M | +10.10% |
| 2015 | 2015-12-31 | $8.41B | $950.6M | +12.75% |
| 2014 | 2014-12-31 | $7.46B | $1.15B | +18.21% |
| 2013 | 2013-12-31 | $6.31B | −$468.9M | −6.92% |
| 2012 | 2012-12-31 | $6.78B | −$1.46B | −17.71% |
| 2011 | 2011-12-31 | $8.23B | −$496.5M | −5.69% |
| 2010 | 2010-12-31 | $8.73B | $595.0M | +7.31% |
| 2009 | 2009-12-31 | $8.14B | — | — |
Royal Caribbean Cruises quarterly net debt
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Q2.24
Q3.24
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $22.64B | $3.53B | +18.44% |
| Q1 2026 | 2026-03-31 | $21.28B | $1.43B | +7.21% |
| Q4 2025 | 2025-12-31 | $21.37B | $820.0M | +3.99% |
| Q3 2025 | 2025-09-30 | $20.69B | −$796.0M | −3.70% |
| Q2 2025 | 2025-06-30 | $19.12B | −$2.62B | −12.06% |
| Q1 2025 | 2025-03-31 | $19.85B | −$1.26B | −5.98% |
| Q4 2024 | 2024-12-31 | $20.55B | −$1.45B | −6.60% |
| Q3 2024 | 2024-09-30 | $21.49B | $1.19B | +5.88% |
| Q2 2024 | 2024-06-30 | $21.74B | $1.11B | +5.41% |
| Q1 2024 | 2024-03-31 | $21.11B | −$47.0M | −0.22% |
| Q4 2023 | 2023-12-31 | $22.00B | −$408.0M | −1.82% |
| Q3 2023 | 2023-09-30 | $20.29B | −$2.49B | −10.92% |
| Q2 2023 | 2023-06-30 | $20.62B | −$1.54B | −6.96% |
| Q1 2023 | 2023-03-31 | $21.16B | −$402.0M | −1.86% |
| Q4 2022 | 2022-12-31 | $22.41B | $2.95B | +15.13% |
| Q3 2022 | 2022-09-30 | $22.78B | $4.42B | +24.04% |
| Q2 2022 | 2022-06-30 | $22.17B | $4.32B | +24.22% |
| Q1 2022 | 2022-03-31 | $21.56B | $4.86B | +29.11% |
| Q4 2021 | 2021-12-31 | $19.46B | $2.94B | +17.79% |
| Q3 2021 | 2021-09-30 | $18.37B | $1.63B | +9.73% |
| Q2 2021 | 2021-06-30 | $17.85B | $2.27B | +14.59% |
| Q1 2021 | 2021-03-31 | $16.70B | $3.65B | +27.99% |
| Q4 2020 | 2020-12-31 | $16.52B | $4.80B | +40.99% |
| Q3 2020 | 2020-09-30 | $16.74B | $6.56B | +64.46% |
| Q2 2020 | 2020-06-30 | $15.57B | $5.10B | +48.73% |
| Q1 2020 | 2020-03-31 | $13.05B | $3.86B | +42.02% |
| Q4 2019 | 2019-12-31 | $11.72B | $1.23B | +11.73% |
| Q3 2019 | 2019-09-30 | $10.18B | $1.79B | +21.30% |
| Q2 2019 | 2019-06-30 | $10.47B | $3.24B | +44.77% |
| Q1 2019 | 2019-03-31 | $9.19B | $1.63B | +21.63% |
| Q4 2018 | 2018-12-31 | $10.49B | $3.07B | +41.39% |
| Q3 2018 | 2018-09-30 | $8.39B | $2.45B | +41.34% |
| Q2 2018 | 2018-06-30 | $7.23B | $884.1M | +13.93% |
| Q1 2018 | 2018-03-31 | $7.55B | $821.4M | +12.20% |
| Q4 2017 | 2017-12-31 | $7.42B | −$1.84B | −19.83% |
| Q3 2017 | 2017-09-30 | $5.94B | −$2.30B | −27.97% |
| Q2 2017 | 2017-06-30 | $6.35B | −$2.63B | −29.29% |
| Q1 2017 | 2017-03-31 | $6.73B | −$957.2M | −12.45% |
| Q4 2016 | 2016-12-31 | $9.25B | $849.2M | +10.10% |
| Q3 2016 | 2016-09-30 | $8.24B | $804.0M | +10.81% |
| Q2 2016 | 2016-06-30 | $8.98B | $1.55B | +20.79% |
| Q1 2016 | 2016-03-31 | $7.69B | $448.8M | +6.20% |
| Q4 2015 | 2015-12-31 | $8.41B | $950.6M | +12.75% |
| Q3 2015 | 2015-09-30 | $7.44B | $1.41B | +23.33% |
| Q2 2015 | 2015-06-30 | $7.43B | $519.0M | +7.51% |
| Q1 2015 | 2015-03-31 | $7.24B | −$4.5M | −0.06% |
| Q4 2014 | 2014-12-31 | $7.46B | $1.15B | +18.21% |
| Q3 2014 | 2014-09-30 | $6.03B | $259.3M | +4.49% |
| Q2 2014 | 2014-06-30 | $6.91B | $771.5M | +12.56% |
| Q1 2014 | 2014-03-31 | $7.25B | $1.49B | +25.78% |
| Q4 2013 | 2013-12-31 | $6.31B | −$468.9M | −6.92% |
| Q3 2013 | 2013-09-30 | $5.77B | −$611.3M | −9.58% |
| Q2 2013 | 2013-06-30 | $6.14B | −$714.2M | −10.42% |
| Q1 2013 | 2013-03-31 | $5.76B | −$2.50B | −30.27% |
| Q4 2012 | 2012-12-31 | $6.78B | −$1.46B | −17.71% |
| Q3 2012 | 2012-09-30 | $6.38B | −$1.94B | −23.32% |
| Q2 2012 | 2012-06-30 | $6.86B | −$1.20B | −14.86% |
| Q1 2012 | 2012-03-31 | $8.26B | −$48.4M | −0.58% |
| Q4 2011 | 2011-12-31 | $8.23B | −$496.5M | −5.69% |
| Q3 2011 | 2011-09-30 | $8.32B | $681.2M | +8.91% |
| Q2 2011 | 2011-06-30 | $8.05B | $261.9M | +3.36% |
| Q1 2011 | 2011-03-31 | $8.31B | $483.7M | +6.18% |
| Q4 2010 | 2010-12-31 | $8.73B | $595.0M | +7.31% |
| Q3 2010 | 2010-09-30 | $7.64B | — | — |
| Q2 2010 | 2010-06-30 | $7.79B | — | — |
| Q1 2010 | 2010-03-31 | $7.83B | — | — |
| Q4 2009 | 2009-12-31 | $8.14B | — | — |
Royal Caribbean Cruises net debt trends
Over the last five fiscal years, Royal Caribbean Cruises's net debt increased from $16.52B to $21.37B, a change of $4.84B. The latest reported quarter, Q2 2026, shows $22.64B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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