Royal Caribbean Cruises Ltd (RCL)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,563,000 | 4,724,000 | 2,868,810 | 5,085,560 | 8,760,670 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,563,000K)
= 0.00
The debt-to-capital ratio for Royal Caribbean Cruises Ltd has consistently remained at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not used any debt as a source of financing relative to its total capital during this period. A debt-to-capital ratio of 0.00 implies that the company's operations and investments are primarily funded by equity rather than debt, reflecting a conservative financial approach. It suggests a lower financial risk and less financial leverage in the company's capital structure, which can be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024