Royal Caribbean Cruises Ltd (RCL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 4,724,000 | 4,422,980 | 3,363,650 | 2,851,620 | 2,869,000 | 3,205,420 | 3,398,100 | 3,988,930 | 5,085,560 | 6,467,500 | 7,884,020 | 9,172,380 | 8,760,670 | 8,328,590 | 8,963,900 | 10,231,800 | 12,163,800 | 11,976,900 | 11,538,400 | 11,269,100 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,724,000K
= 0.00
Royal Caribbean Group's debt-to-equity ratio fluctuated over the past eight quarters. The trend indicates a moderate decrease from Q4 2022 to Q1 2023, followed by a sharp increase in Q2 2023. This suggests that the company's reliance on debt financing has been varying. A high debt-to-equity ratio, especially in Q2 and Q1 2023, may indicate a higher proportion of debt in the company's capital structure compared to equity. However, it is essential to evaluate this ratio in conjunction with other financial metrics and industry benchmarks to have a comprehensive understanding of Royal Caribbean Group's financial health and risk profile.
Peer comparison
Dec 31, 2023