Royal Caribbean Cruises Ltd (RCL) — Capital Reinvestment Ratio
Royal Caribbean Cruises Ltd (RCL) has a Capital Reinvestment Ratio of 0.27x as of March 2026, meaning it reinvests 0% of its operating cash flow ($1.83 Billion) in capital expenditures ($500.00 Million). See how leveraged is Royal Caribbean Cruises Ltd's balance sheet to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Royal Caribbean Cruises Ltd Capital Reinvestment Ratio (1991–2025)
This chart tracks Royal Caribbean Cruises Ltd's Capital Reinvestment Ratio across 33 annual periods. Check total reinvestment intensity of Royal Caribbean Cruises Ltd to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Royal Caribbean Cruises Ltd (1991–2025)
Year-by-year Capital Reinvestment Ratio for Royal Caribbean Cruises Ltd from 1991 to 2025. For live market cap and broader valuation context, see Royal Caribbean Cruises Ltd (RCL) total market value.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.81x | $6.46 Billion | $5.23 Billion | ▲ +30.3% |
| 2024 | 0.62x | $5.26 Billion | $3.27 Billion | ▼ -28.7% |
| 2023 | 0.87x | $4.48 Billion | $3.90 Billion | ▼ -84.6% |
| 2022 | 5.63x | $481.00 Million | $2.71 Billion | ▲ +592.3% |
| 2019 | 0.81x | $3.72 Billion | $3.02 Billion | ▼ -22.6% |
| 2018 | 1.05x | $3.48 Billion | $3.66 Billion | ▲ +436.0% |
| 2017 | 0.20x | $2.87 Billion | $564.14 Million | ▼ -80.2% |
| 2016 | 0.99x | $2.52 Billion | $2.49 Billion | ▲ +19.6% |
| 2015 | 0.83x | $1.95 Billion | $1.61 Billion | ▼ -20.2% |
| 2014 | 1.04x | $1.74 Billion | $1.81 Billion | ▲ +92.1% |
| 2013 | 0.54x | $1.41 Billion | $763.78 Million | ▼ -42.1% |
| 2012 | 0.93x | $1.38 Billion | $1.29 Billion | ▲ +15.9% |
| 2011 | 0.81x | $1.46 Billion | $1.17 Billion | ▼ -38.7% |
| 2010 | 1.32x | $1.66 Billion | $2.19 Billion | ▼ -55.2% |
| 2009 | 2.93x | $844.88 Million | $2.48 Billion | ▲ +41.3% |
| 2008 | 2.08x | $1.07 Billion | $2.22 Billion | ▲ +99.9% |
| 2007 | 1.04x | $1.27 Billion | $1.32 Billion | ▼ -16.6% |
| 2006 | 1.24x | $948.51 Million | $1.18 Billion | ▲ +221.8% |
| 2005 | 0.39x | $1.11 Billion | $429.90 Million | ▼ -33.9% |
| 2004 | 0.59x | $1.08 Billion | $630.67 Million | ▼ -51.2% |
| 2003 | 1.20x | $857.80 Million | $1.03 Billion | ▲ +51.4% |
| 2002 | 0.79x | $870.47 Million | $689.99 Million | ▼ -71.1% |
| 2001 | 2.74x | $633.69 Million | $1.74 Billion | ▲ +50.0% |
| 2000 | 1.83x | $703.32 Million | $1.29 Billion | ▲ +9.7% |
| 1999 | 1.67x | $583.36 Million | $972.48 Million | ▲ +34.8% |
| 1998 | 1.24x | $526.86 Million | $651.45 Million | ▼ -57.4% |
| 1997 | 2.90x | $434.10 Million | $1.26 Billion | ▲ +20.2% |
| 1996 | 2.41x | $299.50 Million | $722.40 Million | ▲ +26.7% |
| 1995 | 1.90x | $224.60 Million | $427.50 Million | ▲ +184.5% |
| 1994 | 0.67x | $217.50 Million | $145.50 Million | ▲ +80.6% |
| 1993 | 0.37x | $217.30 Million | $80.50 Million | ▼ -76.2% |
| 1992 | 1.55x | $172.50 Million | $268.20 Million | ▼ -69.2% |
| 1991 | 5.05x | $78.70 Million | $397.60 Million | — |