Royal Caribbean Cruises Ltd (RCL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 37,070,000 | 35,131,000 | 33,776,400 | 32,258,400 | 32,465,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $37,070,000K
= 0.00
The debt-to-assets ratio of Royal Caribbean Cruises Ltd has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of zero typically suggests that the company is primarily relying on equity financing to support its operations and investments. While a low debt level can signify financial stability and less financial risk, it's important to consider the cost of capital and the potential benefits of debt financing in optimizing the company's capital structure and overall performance.
Peer comparison
Dec 31, 2024