Royal Caribbean Cruises Ltd (RCL) — 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. See financial agility of Royal Caribbean Cruises Ltd to measure the company's free cash flow as a share of total liabilities.
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. For the full cash flow conversion analysis, see Royal Caribbean Cruises Ltd (RCL) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Royal Caribbean Cruises Ltd (1991–2025)
Year-by-year debt coverage analysis for Royal Caribbean Cruises Ltd. Check Royal Caribbean Cruises Ltd earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |