Royal Caribbean Cruises Ltd (RCL) — Defensive Interval Ratio
Royal Caribbean Cruises Ltd (RCL) has a Defensive Interval Ratio of 16 days as of March 2026. Defensive assets of $479.00 Million (cash $-, short-term investments $-, receivables $479.00 Million) cover 16 days of daily cash needs of $30.32 Million/day. See Royal Caribbean Cruises Ltd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Royal Caribbean Cruises Ltd Defensive Interval Ratio (1991–2025)
This chart shows how Royal Caribbean Cruises Ltd's Defensive Interval Ratio has evolved across 35 annual periods from 1991 to 2025. As of March 2026, the ratio stands at 16 days, meaning defensive assets of $479.00 Million can fund 16 days of operations without new revenue. See Royal Caribbean Cruises Ltd net asset quality index to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Royal Caribbean Cruises Ltd (1991–2025)
The table below presents the year-by-year Defensive Interval Ratio for Royal Caribbean Cruises Ltd from 1991 to 2025, covering 35 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see market value of Royal Caribbean Cruises Ltd.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 38 days | $1.26 Billion | $33.03 Million/day | $825.00 Million | $115.00 Million | ▲ +10 days |
| 2024 | 28 days | $759.00 Million | $26.90 Million/day | $388.00 Million | $- | ▼ -8 days |
| 2023 | 36 days | $927.00 Million | $25.76 Million/day | $497.00 Million | $25.00 Million | ▼ -69 days |
| 2022 | 105 days | $2.47 Billion | $23.49 Million/day | $1.94 Billion | $- | ▼ -54 days |
| 2021 | 159 days | $3.16 Billion | $19.96 Million/day | $2.70 Billion | $54.18 Million | ▼ -166 days |
| 2020 | 325 days | $4.04 Billion | $12.43 Million/day | $3.68 Billion | $70.08 Million | ▲ +299 days |
| 2019 | 26 days | $571.31 Million | $21.79 Million/day | $243.74 Million | $21.75 Million | ▼ -6 days |
| 2018 | 32 days | $631.92 Million | $19.49 Million/day | $287.85 Million | $19.57 Million | ▼ -8 days |
| 2017 | 40 days | $538.07 Million | $13.30 Million/day | $120.11 Million | $99.32 Million | ▲ +6 days |
| 2016 | 35 days | $424.50 Million | $12.17 Million/day | $132.60 Million | $0.00 | ▲ +15 days |
| 2015 | 20 days | $238.97 Million | $11.76 Million/day | $- | $0.00 | ▼ -4 days |
| 2014 | 25 days | $261.39 Million | $10.55 Million/day | $- | $0.00 | ▲ +3 days |
| 2013 | 22 days | $259.75 Million | $11.69 Million/day | $- | $0.00 | ▼ -3 days |
| 2012 | 25 days | $281.42 Million | $11.14 Million/day | $- | $0.00 | ▼ -10 days |
| 2011 | 35 days | $292.45 Million | $8.40 Million/day | $- | $0.00 | ▲ +1 days |
| 2010 | 34 days | $323.20 Million | $9.44 Million/day | $- | $56.49 Million | ▼ -26 days |
| 2009 | 60 days | $452.90 Million | $7.53 Million/day | $- | $114.09 Million | ▲ +12 days |
| 2008 | 48 days | $353.22 Million | $7.33 Million/day | $- | $81.94 Million | ▼ -34 days |
| 2007 | 82 days | $527.53 Million | $6.41 Million/day | $- | $213.89 Million | ▲ +39 days |
| 2006 | 43 days | $222.03 Million | $5.13 Million/day | $- | $36.15 Million | ▲ +26 days |
| 2005 | 17 days | $95.25 Million | $5.45 Million/day | $- | $- | ▲ +4 days |
| 2004 | 14 days | $84.90 Million | $6.23 Million/day | $- | $- | ▼ -8 days |
| 2003 | 22 days | $89.49 Million | $4.12 Million/day | $- | $- | ▼ -3 days |
| 2002 | 25 days | $79.53 Million | $3.21 Million/day | $- | $- | ▲ +1 days |
| 2001 | 24 days | $72.20 Million | $3.05 Million/day | $- | $- | ▲ +2 days |
| 2000 | 21 days | $53.61 Million | $2.50 Million/day | $- | $- | ▼ 0 days |
| 1999 | 22 days | $53.46 Million | $2.48 Million/day | $- | $- | ▲ +7 days |
| 1998 | 15 days | $36.53 Million | $2.44 Million/day | $- | $- | ▲ +6 days |
| 1997 | 9 days | $22.60 Million | $2.44 Million/day | $- | $- | ▼ -5 days |
| 1996 | 14 days | $15.50 Million | $1.11 Million/day | $- | $- | ▼ 0 days |
| 1995 | 14 days | $12.20 Million | $845.48K/day | $- | $- | ▲ +2 days |
| 1994 | 13 days | $9.40 Million | $746.03K/day | $- | $- | ▲ +5 days |
| 1993 | 8 days | $7.50 Million | $963.84K/day | $- | $- | ▼ -2 days |
| 1992 | 10 days | $11.00 Million | $1.10 Million/day | $- | $- | ▼ 0 days |
| 1991 | 10 days | $9.70 Million | $933.70K/day | $- | $- | — |