Royal Caribbean Cruises Ltd (RCL) — Cash Flow-to-Debt Ratio
Royal Caribbean Cruises Ltd (RCL) has a Cash Flow-to-Debt Ratio of 0.06x as of March 2026, meaning its operating cash flow of $1.83 Billion could theoretically repay 0% of its total liabilities ($31.96 Billion) in one year. See cash generation quality of Royal Caribbean Cruises Ltd to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Royal Caribbean Cruises Ltd Cash Flow-to-Debt Ratio (1991–2025)
Historical debt coverage capacity for Royal Caribbean Cruises Ltd across 35 annual periods. Also explore Royal Caribbean Cruises Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Royal Caribbean Cruises Ltd (1991–2025)
Year-by-year debt coverage analysis for Royal Caribbean Cruises Ltd. For market capitalisation and broader financial context, see market cap of Royal Caribbean Cruises Ltd.
| 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 | — |