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. Explore Royal Caribbean Cruises Ltd (RCL) long-term investment share to see how much of total assets are deployed in long-term investments.
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 asset portfolio for the complete picture of this company's asset base.
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 RCL stock market capitalisation.
| 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 | — |