Royal Caribbean Cruises Ltd (RCL) — Financial Flexibility Index
Royal Caribbean Cruises Ltd (RCL) has a Financial Flexibility Index of 0.13x as of June 2026. Free cash flow of $4.60 Billion (operating CF $1.86 Billion minus capex $2.74 Billion) represents 0% of total liabilities ($34.18 Billion). Check Royal Caribbean Cruises Ltd total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see Royal Caribbean Cruises Ltd operating cash flow efficiency.
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. Explore debt repayment capacity of Royal Caribbean Cruises Ltd to assess how comfortably operating cash covers total debt obligations.
| 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 | — |