Royal Caribbean Cruises Ltd Cash Flow-to-Debt Ratio
Royal Caribbean Cruises Ltd cash flow-to-debt ratio. Royal Caribbean Cruises Ltd (RCL) has a Cash Flow-to-Debt Ratio of 0.05x as of June 2026, meaning its operating cash flow of $1.86 Billion could theoretically repay 0% of its total liabilities ($34.18 Billion) in one year. Check how high is Royal Caribbean Cruises Ltd's earnings quality to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Royal Caribbean Cruises Ltd (1991–2025)
Cash flow-to-debt ratio of Royal Caribbean Cruises Ltd from 1991 to 2025. Historical debt coverage capacity for Royal Caribbean Cruises Ltd across 35 annual periods. Check cash flow reinvestment rate of Royal Caribbean Cruises Ltd to assess the company's total reinvestment commitment from operating cash flow.
Royal Caribbean Cruises Ltd Cash Flow-to-Debt Ratio by Year (1991–2025)
Royal Caribbean Cruises Ltd cash flow-to-debt ratio by year from 1991 to 2025. Year-by-year debt coverage analysis for Royal Caribbean Cruises Ltd. For the full cash flow conversion analysis, see RCL operating cash flow.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.21x | $6.46 Billion | $31.37 Billion | ▲ +14.8% |
| 2024 | 0.18x | $5.26 Billion | $29.34 Billion | ▲ +21.2% |
| 2023 | 0.15x | $4.48 Billion | $30.23 Billion | ▲ +851.6% |
| 2022 | 0.02x | $481.00 Million | $30.91 Billion | ▲ +122.5% |
| 2021 | -0.07x | $-1.88 Billion | $27.17 Billion | ▲ +56.1% |
| 2020 | -0.16x | $-3.73 Billion | $23.70 Billion | ▼ -174.5% |
| 2019 | 0.21x | $3.72 Billion | $17.59 Billion | ▼ -2.5% |
| 2018 | 0.22x | $3.48 Billion | $16.05 Billion | ▼ -12.1% |
| 2017 | 0.25x | $2.87 Billion | $11.66 Billion | ▲ +29.2% |
| 2016 | 0.19x | $2.52 Billion | $13.19 Billion | ▲ +24.7% |
| 2015 | 0.15x | $1.95 Billion | $12.72 Billion | ▲ +9.1% |
| 2014 | 0.14x | $1.74 Billion | $12.43 Billion | ▲ +11.9% |
| 2013 | 0.13x | $1.41 Billion | $11.26 Billion | ▲ +4.5% |
| 2012 | 0.12x | $1.38 Billion | $11.52 Billion | ▼ -6.1% |
| 2011 | 0.13x | $1.46 Billion | $11.40 Billion | ▼ -9.7% |
| 2010 | 0.14x | $1.66 Billion | $11.75 Billion | ▲ +79.8% |
| 2009 | 0.08x | $844.88 Million | $10.73 Billion | ▼ -29.0% |
| 2008 | 0.11x | $1.07 Billion | $9.66 Billion | ▼ -28.1% |
| 2007 | 0.15x | $1.27 Billion | $8.22 Billion | ▲ +18.7% |
| 2006 | 0.13x | $948.51 Million | $7.30 Billion | ▼ -33.4% |
| 2005 | 0.19x | $1.11 Billion | $5.70 Billion | ▲ +29.6% |
| 2004 | 0.15x | $1.08 Billion | $7.16 Billion | ▲ +23.8% |
| 2003 | 0.12x | $857.80 Million | $7.06 Billion | ▼ -9.2% |
| 2002 | 0.13x | $870.47 Million | $6.50 Billion | ▲ +39.7% |
| 2001 | 0.10x | $633.69 Million | $6.61 Billion | ▼ -42.6% |
| 2000 | 0.17x | $703.32 Million | $4.21 Billion | ▼ -10.7% |
| 1999 | 0.19x | $583.36 Million | $3.12 Billion | ▲ +14.7% |
| 1998 | 0.16x | $526.86 Million | $3.23 Billion | ▲ +24.7% |
| 1997 | 0.13x | $434.10 Million | $3.32 Billion | ▼ -23.3% |
| 1996 | 0.17x | $299.50 Million | $1.76 Billion | ▼ -6.0% |
| 1995 | 0.18x | $224.60 Million | $1.24 Billion | ▼ -15.0% |
| 1994 | 0.21x | $217.50 Million | $1.02 Billion | ▲ +5.9% |
| 1993 | 0.20x | $217.30 Million | $1.08 Billion | ▲ +60.8% |
| 1992 | 0.13x | $172.50 Million | $1.38 Billion | ▲ +95.4% |
| 1991 | 0.06x | $78.70 Million | $1.23 Billion | — |