Royal Caribbean Cruises Ltd (RCL) — Tangible Net Worth Ratio
Royal Caribbean Cruises Ltd (RCL) has a Tangible Net Worth Ratio of 100.0% as of June 2026. This metric is calculated by deducting intangible assets ($0.00) from net assets ($10.46 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset momentum of Royal Caribbean Cruises Ltd to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Royal Caribbean Cruises Ltd Tangible Net Worth Ratio (1991–2025)
This chart shows how Royal Caribbean Cruises Ltd's Tangible Net Worth Ratio has changed across 35 annual periods from 1991 to 2025. As of June 2026, the ratio stands at 100.0%, reflecting net assets of $10.46 Billion with intangible assets of $0.00 USD. Check Royal Caribbean Cruises Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for Royal Caribbean Cruises Ltd (1991–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Royal Caribbean Cruises Ltd from 1991 to 2025, covering 35 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see Royal Caribbean Cruises Ltd market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.2% | $10.24 Billion | $390.00 Million | $41.62 Billion | ▲ +1.4 pp |
| 2024 | 94.8% | $7.74 Billion | $404.00 Million | $37.07 Billion | ▲ +3.3 pp |
| 2023 | 91.5% | $4.90 Billion | $418.00 Million | $35.13 Billion | ▲ +6.3 pp |
| 2022 | 85.1% | $2.87 Billion | $426.38 Million | $33.78 Billion | ▼ -6.3 pp |
| 2021 | 91.5% | $5.09 Billion | $434.56 Million | $32.26 Billion | ▼ -3.5 pp |
| 2020 | 94.9% | $8.76 Billion | $444.85 Million | $32.47 Billion | ▼ -1.2 pp |
| 2019 | 96.2% | $12.73 Billion | $488.57 Million | $30.32 Billion | ▲ +0.5 pp |
| 2018 | 95.7% | $11.65 Billion | $502.10 Million | $27.70 Billion | ▼ -4.2 pp |
| 2017 | 99.9% | $10.70 Billion | $7.90 Million | $22.36 Billion | ▲ +3.1 pp |
| 2016 | 96.8% | $9.12 Billion | $288.39 Million | $22.31 Billion | ▲ +0.4 pp |
| 2015 | 96.4% | $8.06 Billion | $286.76 Million | $20.78 Billion | ▼ -1.3 pp |
| 2014 | 97.7% | $8.28 Billion | $188.04 Million | $20.71 Billion | ▲ +0.2 pp |
| 2013 | 97.6% | $8.81 Billion | $214.11 Million | $20.07 Billion | ▲ +0.0 pp |
| 2012 | 97.5% | $8.31 Billion | $204.87 Million | $19.83 Billion | ▲ +6.4 pp |
| 2011 | 91.1% | $8.41 Billion | $746.54 Million | $19.80 Billion | ▲ +0.7 pp |
| 2010 | 90.4% | $7.94 Billion | $759.33 Million | $19.69 Billion | ▲ +1.0 pp |
| 2009 | 89.4% | $7.50 Billion | $792.37 Million | $18.23 Billion | ▲ +0.9 pp |
| 2008 | 88.5% | $6.80 Billion | $779.25 Million | $16.46 Billion | ▲ +0.4 pp |
| 2007 | 88.2% | $6.76 Billion | $797.79 Million | $14.98 Billion | ▲ +0.0 pp |
| 2006 | 88.2% | $6.09 Billion | $721.51 Million | $13.39 Billion | ▼ -6.7 pp |
| 2005 | 94.9% | $5.55 Billion | $283.13 Million | $11.26 Billion | ▲ +0.7 pp |
| 2004 | 94.2% | $4.80 Billion | $278.56 Million | $11.96 Billion | ▲ +0.7 pp |
| 2003 | 93.5% | $4.26 Billion | $278.56 Million | $11.32 Billion | ▲ +0.4 pp |
| 2002 | 93.1% | $4.03 Billion | $278.56 Million | $10.54 Billion | ▲ +0.5 pp |
| 2001 | 92.6% | $3.76 Billion | $278.56 Million | $10.37 Billion | ▲ +0.6 pp |
| 2000 | 92.0% | $3.62 Billion | $288.97 Million | $7.83 Billion | ▼ -8.0 pp |
| 1999 | 100.0% | $3.26 Billion | $0.00 | $6.38 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $2.45 Billion | $0.00 | $5.69 Billion | ▲ +15.9 pp |
| 1997 | 84.1% | $2.02 Billion | $320.20 Million | $5.34 Billion | ▲ +14.6 pp |
| 1996 | 69.5% | $1.08 Billion | $330.60 Million | $2.84 Billion | ▲ +4.9 pp |
| 1995 | 64.7% | $965.10 Million | $341.00 Million | $2.20 Billion | ▲ +6.2 pp |
| 1994 | 58.4% | $845.60 Million | $351.50 Million | $1.86 Billion | ▲ +7.8 pp |
| 1993 | 50.6% | $732.80 Million | $361.90 Million | $1.81 Billion | ▲ +30.8 pp |
| 1992 | 19.8% | $464.50 Million | $372.50 Million | $1.84 Billion | ▲ +14.7 pp |
| 1991 | 5.1% | $403.90 Million | $383.20 Million | $1.63 Billion | — |