Royal Caribbean Cruises Ltd (RCL)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,705,000	1,792,000	3,205,010	3,600,270	4,311,750
Total current liabilities	US$ in thousands	9,817,000	9,401,000	8,573,460	7,285,680	4,537,120
Current ratio		0.17	0.19	0.37	0.49	0.95

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,705,000K ÷ $9,817,000K
= 0.17

Royal Caribbean Cruises Ltd's current ratio has been declining over the years, from 0.95 in December 2020 to 0.17 in December 2024. This downward trend indicates that the company may be facing challenges in meeting its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty covering its current liabilities with its current assets alone. It is important for investors and stakeholders to monitor this ratio closely as a low current ratio could signal potential liquidity issues for the company.