Royal Caribbean Cruises Ltd (RCL) — Financial Flexibility Index
Royal Caribbean Cruises Ltd (RCL) has a Financial Flexibility Index of 0.07x as of March 2026. Free cash flow of $2.33 Billion (operating CF $1.83 Billion minus capex $500.00 Million) represents 0% of total liabilities ($31.96 Billion). Check RCL capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Royal Caribbean Cruises Ltd Financial Flexibility Index (1991–2025)
Historical Financial Flexibility Index trend for Royal Caribbean Cruises Ltd across 35 annual periods. See Royal Caribbean Cruises Ltd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Royal Caribbean Cruises Ltd (1991–2025)
Year-by-year free cash flow to debt coverage for Royal Caribbean Cruises Ltd. For the full company profile including market capitalisation, see how much is Royal Caribbean Cruises Ltd worth.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.37x | $11.69 Billion | $6.46 Billion | $31.37 Billion | ▲ +28.1% |
| 2024 | 0.29x | $8.53 Billion | $5.26 Billion | $29.34 Billion | ▲ +5.0% |
| 2023 | 0.28x | $8.37 Billion | $4.48 Billion | $30.23 Billion | ▲ +168.3% |
| 2022 | 0.10x | $3.19 Billion | $481.00 Million | $30.91 Billion | ▲ +697.0% |
| 2021 | 0.01x | $352.00 Million | $-1.88 Billion | $27.17 Billion | ▲ +117.4% |
| 2020 | -0.07x | $-1.77 Billion | $-3.73 Billion | $23.70 Billion | ▼ -119.4% |
| 2019 | 0.38x | $6.74 Billion | $3.72 Billion | $17.59 Billion | ▼ -13.8% |
| 2018 | 0.44x | $7.14 Billion | $3.48 Billion | $16.05 Billion | ▲ +50.8% |
| 2017 | 0.29x | $3.44 Billion | $2.87 Billion | $11.66 Billion | ▼ -22.4% |
| 2016 | 0.38x | $5.01 Billion | $2.52 Billion | $13.19 Billion | ▲ +35.8% |
| 2015 | 0.28x | $3.56 Billion | $1.95 Billion | $12.72 Billion | ▼ -2.2% |
| 2014 | 0.29x | $3.56 Billion | $1.74 Billion | $12.43 Billion | ▲ +48.1% |
| 2013 | 0.19x | $2.18 Billion | $1.41 Billion | $11.26 Billion | ▼ -16.8% |
| 2012 | 0.23x | $2.67 Billion | $1.38 Billion | $11.52 Billion | ▲ +0.6% |
| 2011 | 0.23x | $2.63 Billion | $1.46 Billion | $11.40 Billion | ▼ -29.6% |
| 2010 | 0.33x | $3.85 Billion | $1.66 Billion | $11.75 Billion | ▲ +5.8% |
| 2009 | 0.31x | $3.32 Billion | $844.88 Million | $10.73 Billion | ▼ -9.2% |
| 2008 | 0.34x | $3.29 Billion | $1.07 Billion | $9.66 Billion | ▲ +8.5% |
| 2007 | 0.31x | $2.59 Billion | $1.27 Billion | $8.22 Billion | ▲ +7.8% |
| 2006 | 0.29x | $2.13 Billion | $948.51 Million | $7.30 Billion | ▲ +7.9% |
| 2005 | 0.27x | $1.54 Billion | $1.11 Billion | $5.70 Billion | ▲ +13.3% |
| 2004 | 0.24x | $1.71 Billion | $1.08 Billion | $7.16 Billion | ▼ -10.8% |
| 2003 | 0.27x | $1.89 Billion | $857.80 Million | $7.06 Billion | ▲ +11.4% |
| 2002 | 0.24x | $1.56 Billion | $870.47 Million | $6.50 Billion | ▼ -33.1% |
| 2001 | 0.36x | $2.37 Billion | $633.69 Million | $6.61 Billion | ▼ -24.0% |
| 2000 | 0.47x | $1.99 Billion | $703.32 Million | $4.21 Billion | ▼ -5.3% |
| 1999 | 0.50x | $1.56 Billion | $583.36 Million | $3.12 Billion | ▲ +36.8% |
| 1998 | 0.36x | $1.18 Billion | $526.86 Million | $3.23 Billion | ▼ -28.5% |
| 1997 | 0.51x | $1.69 Billion | $434.10 Million | $3.32 Billion | ▼ -12.4% |
| 1996 | 0.58x | $1.02 Billion | $299.50 Million | $1.76 Billion | ▲ +10.4% |
| 1995 | 0.53x | $652.10 Million | $224.60 Million | $1.24 Billion | ▲ +47.9% |
| 1994 | 0.36x | $363.00 Million | $217.50 Million | $1.02 Billion | ▲ +29.0% |
| 1993 | 0.28x | $297.80 Million | $217.30 Million | $1.08 Billion | ▼ -13.8% |
| 1992 | 0.32x | $440.70 Million | $172.50 Million | $1.38 Billion | ▼ -17.5% |
| 1991 | 0.39x | $476.30 Million | $78.70 Million | $1.23 Billion | — |