Royal Caribbean Cruises Ltd (RCL) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Royal Caribbean Cruises Ltd (RCL) has a cash flow conversion efficiency ratio of 0.178x as of June 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($1.86 Billion) by net assets ($10.46 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see Royal Caribbean Cruises Ltd (RCL) market capitalisation for the company's overall valuation and market capitalisation.
Royal Caribbean Cruises Ltd - Cash Flow Conversion Efficiency Trend (1991–2025)
This chart illustrates how Royal Caribbean Cruises Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Royal Caribbean Cruises Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Royal Caribbean Cruises Ltd ranked by their cash flow conversion efficiency. Explore Royal Caribbean Cruises Ltd cash flow quality index to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Vingroup JSC
VN:VIC
|
0.277x |
|
NETEASE INC. O.N.
F:4Y01
|
0.081x |
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
N/A |
|
BYD Co Ltd Class A
SHE:002594
|
0.070x |
|
Barclays PLC
F:BCY2
|
N/A |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
0.196x |
|
Energy Transfer LP
NYSE:ET
|
0.038x |
|
Simon Property Group Inc
NYSE:SPG
|
0.204x |
Annual Cash Flow Conversion Efficiency for Royal Caribbean Cruises Ltd (1991–2025)
The table below shows the annual cash flow conversion efficiency of Royal Caribbean Cruises Ltd from 1991 to 2025. View RCL stock price for real-time trading data and today's change.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $10.24 Billion | $6.46 Billion | 0.631x | -7.29% |
| 2024-12-31 | $7.74 Billion | $5.26 Billion | 0.681x | -25.52% |
| 2023-12-31 | $4.90 Billion | $4.48 Billion | 0.914x | +445.09% |
| 2022-12-31 | $2.87 Billion | $481.00 Million | 0.168x | +145.40% |
| 2021-12-31 | $5.09 Billion | $-1.88 Billion | -0.369x | +13.31% |
| 2020-12-31 | $8.76 Billion | $-3.73 Billion | -0.426x | -245.95% |
| 2019-12-31 | $12.73 Billion | $3.72 Billion | 0.292x | -2.29% |
| 2018-12-31 | $11.65 Billion | $3.48 Billion | 0.299x | +11.21% |
| 2017-12-31 | $10.70 Billion | $2.87 Billion | 0.269x | -2.65% |
| 2016-12-31 | $9.12 Billion | $2.52 Billion | 0.276x | +14.30% |
| 2015-12-31 | $8.06 Billion | $1.95 Billion | 0.241x | +14.68% |
| 2014-12-31 | $8.28 Billion | $1.74 Billion | 0.210x | +31.30% |
| 2013-12-31 | $8.81 Billion | $1.41 Billion | 0.160x | -3.60% |
| 2012-12-31 | $8.31 Billion | $1.38 Billion | 0.166x | -3.95% |
| 2011-12-31 | $8.41 Billion | $1.46 Billion | 0.173x | -17.31% |
| 2010-12-31 | $7.94 Billion | $1.66 Billion | 0.209x | +85.86% |
| 2009-12-31 | $7.50 Billion | $844.88 Million | 0.113x | -28.46% |
| 2008-12-31 | $6.80 Billion | $1.07 Billion | 0.157x | -16.13% |
| 2007-12-31 | $6.76 Billion | $1.27 Billion | 0.188x | +20.58% |
| 2006-12-31 | $6.09 Billion | $948.51 Million | 0.156x | -22.18% |
| 2005-12-31 | $5.55 Billion | $1.11 Billion | 0.200x | -10.74% |
| 2004-12-31 | $4.80 Billion | $1.08 Billion | 0.224x | +11.40% |
| 2003-12-31 | $4.26 Billion | $857.80 Million | 0.201x | -6.73% |
| 2002-12-31 | $4.03 Billion | $870.47 Million | 0.216x | +27.90% |
| 2001-12-31 | $3.76 Billion | $633.69 Million | 0.169x | -13.27% |
| 2000-12-31 | $3.62 Billion | $703.32 Million | 0.195x | +8.73% |
| 1999-12-31 | $3.26 Billion | $583.36 Million | 0.179x | -16.66% |
| 1998-12-31 | $2.45 Billion | $526.86 Million | 0.215x | -0.19% |
| 1997-12-31 | $2.02 Billion | $434.10 Million | 0.215x | -22.10% |
| 1996-12-31 | $1.08 Billion | $299.50 Million | 0.276x | +18.62% |
| 1995-12-31 | $965.10 Million | $224.60 Million | 0.233x | -9.52% |
| 1994-12-31 | $845.60 Million | $217.50 Million | 0.257x | -13.26% |
| 1993-12-31 | $732.80 Million | $217.30 Million | 0.297x | -20.15% |
| 1992-12-31 | $464.50 Million | $172.50 Million | 0.371x | +90.59% |
| 1991-12-31 | $403.90 Million | $78.70 Million | 0.195x | -- |
About Royal Caribbean Cruises Ltd
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.