Royal Caribbean Cruises Ltd (RCL)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 35,131,000 | 32,768,700 | 32,923,300 | 32,870,500 | 33,776,000 | 33,464,200 | 33,943,200 | 32,940,000 | 32,258,400 | 32,665,600 | 33,692,000 | 34,347,100 | 32,465,200 | 31,828,800 | 33,306,500 | 33,445,100 | 30,320,300 | 29,825,500 | 29,809,000 | 28,720,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $35,131,000K
= 0.00
The debt-to-assets ratio of Royal Caribbean Group has been relatively stable in recent quarters, hovering between 0.61 to 0.68. This ratio indicates that, on average, approximately 61% to 68% of the company's assets are financed by debt.
While there was a slight increase in the debt-to-assets ratio from Q1 2023 to Q2 2023, reaching 0.65 to 0.62 respectively, the ratio remained within a reasonable range. It is noteworthy that the ratio has decreased since Q4 2022, where it peaked at 0.69, showing a potential improvement in the company's debt management.
Overall, the consistent debt-to-assets ratio suggests that Royal Caribbean Group maintains a moderate level of leverage to finance its operations and investments. Investors and stakeholders may monitor this ratio to assess the company's financial risk and capacity to fulfill its debt obligations.
Peer comparison
Dec 31, 2023