Royal Caribbean Cruises Ltd (RCL) — Net Asset Quality Index
Royal Caribbean Cruises Ltd (RCL) has a Net Asset Quality Index of 23.4% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $44.64 Billion minus total liabilities of $34.18 Billion yields net assets of $10.46 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check Royal Caribbean Cruises Ltd cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Royal Caribbean Cruises Ltd Net Asset Quality Index Over Time (1991–2025)
This chart shows how Royal Caribbean Cruises Ltd's Net Asset Quality Index has evolved across 35 annual periods from 1991 to 2025. As of June 2026, the index stands at 23.4%, representing net assets of $10.46 Billion against total assets of $44.64 Billion USD. See Royal Caribbean Cruises Ltd (RCL) shareholders funds for net asset value and shareholders' equity analysis.
Annual Net Asset Quality Index for Royal Caribbean Cruises Ltd (1991–2025)
The table below presents the year-by-year Net Asset Quality Index for Royal Caribbean Cruises Ltd from 1991 to 2025, covering 35 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see RCL market cap overview.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 24.6% | $10.24 Billion | $41.62 Billion | $31.37 Billion | ▲ +3.8 pp |
| 2024 | 20.9% | $7.74 Billion | $37.07 Billion | $29.34 Billion | ▲ +6.9 pp |
| 2023 | 13.9% | $4.90 Billion | $35.13 Billion | $30.23 Billion | ▲ +5.5 pp |
| 2022 | 8.5% | $2.87 Billion | $33.78 Billion | $30.91 Billion | ▼ -7.3 pp |
| 2021 | 15.8% | $5.09 Billion | $32.26 Billion | $27.17 Billion | ▼ -11.2 pp |
| 2020 | 27.0% | $8.76 Billion | $32.47 Billion | $23.70 Billion | ▼ -15.0 pp |
| 2019 | 42.0% | $12.73 Billion | $30.32 Billion | $17.59 Billion | ▼ -0.1 pp |
| 2018 | 42.1% | $11.65 Billion | $27.70 Billion | $16.05 Billion | ▼ -5.8 pp |
| 2017 | 47.9% | $10.70 Billion | $22.36 Billion | $11.66 Billion | ▲ +7.0 pp |
| 2016 | 40.9% | $9.12 Billion | $22.31 Billion | $13.19 Billion | ▲ +2.1 pp |
| 2015 | 38.8% | $8.06 Billion | $20.78 Billion | $12.72 Billion | ▼ -1.2 pp |
| 2014 | 40.0% | $8.28 Billion | $20.71 Billion | $12.43 Billion | ▼ -3.9 pp |
| 2013 | 43.9% | $8.81 Billion | $20.07 Billion | $11.26 Billion | ▲ +2.0 pp |
| 2012 | 41.9% | $8.31 Billion | $19.83 Billion | $11.52 Billion | ▼ -0.6 pp |
| 2011 | 42.5% | $8.41 Billion | $19.80 Billion | $11.40 Billion | ▲ +2.1 pp |
| 2010 | 40.3% | $7.94 Billion | $19.69 Billion | $11.75 Billion | ▼ -0.8 pp |
| 2009 | 41.1% | $7.50 Billion | $18.23 Billion | $10.73 Billion | ▼ -0.2 pp |
| 2008 | 41.3% | $6.80 Billion | $16.46 Billion | $9.66 Billion | ▼ -3.8 pp |
| 2007 | 45.1% | $6.76 Billion | $14.98 Billion | $8.22 Billion | ▼ -0.4 pp |
| 2006 | 45.5% | $6.09 Billion | $13.39 Billion | $7.30 Billion | ▼ -3.9 pp |
| 2005 | 49.3% | $5.55 Billion | $11.26 Billion | $5.70 Billion | ▲ +9.2 pp |
| 2004 | 40.2% | $4.80 Billion | $11.96 Billion | $7.16 Billion | ▲ +2.5 pp |
| 2003 | 37.6% | $4.26 Billion | $11.32 Billion | $7.06 Billion | ▼ -0.6 pp |
| 2002 | 38.3% | $4.03 Billion | $10.54 Billion | $6.50 Billion | ▲ +2.1 pp |
| 2001 | 36.2% | $3.76 Billion | $10.37 Billion | $6.61 Billion | ▼ -10.0 pp |
| 2000 | 46.2% | $3.62 Billion | $7.83 Billion | $4.21 Billion | ▼ -4.9 pp |
| 1999 | 51.1% | $3.26 Billion | $6.38 Billion | $3.12 Billion | ▲ +7.9 pp |
| 1998 | 43.2% | $2.45 Billion | $5.69 Billion | $3.23 Billion | ▲ +5.4 pp |
| 1997 | 37.8% | $2.02 Billion | $5.34 Billion | $3.32 Billion | ▼ -0.4 pp |
| 1996 | 38.2% | $1.08 Billion | $2.84 Billion | $1.76 Billion | ▼ -5.6 pp |
| 1995 | 43.8% | $965.10 Million | $2.20 Billion | $1.24 Billion | ▼ -1.5 pp |
| 1994 | 45.3% | $845.60 Million | $1.86 Billion | $1.02 Billion | ▲ +4.9 pp |
| 1993 | 40.4% | $732.80 Million | $1.81 Billion | $1.08 Billion | ▲ +15.2 pp |
| 1992 | 25.2% | $464.50 Million | $1.84 Billion | $1.38 Billion | ▲ +0.5 pp |
| 1991 | 24.8% | $403.90 Million | $1.63 Billion | $1.23 Billion | — |