Royal Caribbean Cruises Ltd (RCL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 37,070,000 | 35,131,000 | 33,776,400 | 32,258,400 | 32,465,200 |
| Total stockholders’ equity | US$ in thousands | 7,563,000 | 4,724,000 | 2,868,810 | 5,085,560 | 8,760,670 |
| Financial leverage ratio | 4.90 | 7.44 | 11.77 | 6.34 | 3.71 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $37,070,000K ÷ $7,563,000K
= 4.90
The financial leverage ratio of Royal Caribbean Cruises Ltd has seen fluctuations over the past five years. The ratio increased from 3.71 in 2020 to 11.77 in 2022, indicating a significant rise in debt relative to equity during that period. However, in 2023, the ratio decreased to 7.44, suggesting a reduction in financial leverage. By the end of 2024, the ratio further decreased to 4.90, signaling a lower reliance on debt financing compared to the previous year. Overall, these fluctuations in the financial leverage ratio reflect changes in the company's capital structure and debt management strategies over the years.
Peer comparison
Dec 31, 2024