Royal Caribbean Cruises Ltd (RCL)
Financial leverage ratio
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 41,619,000 | 40,109,000 | 38,542,000 | 37,452,000 | 37,070,000 | 37,067,000 | 36,974,000 | 35,190,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 10,037,000 | 10,092,000 | 9,169,000 | 7,960,000 | 7,563,000 | 7,045,000 | 6,008,000 | 5,151,000 | 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 |
| Financial leverage ratio | 4.15 | 3.97 | 4.20 | 4.71 | 4.90 | 5.26 | 6.15 | 6.83 | 7.44 | 7.41 | 9.79 | 11.53 | 11.77 | 10.44 | 9.99 | 8.26 | 6.34 | 5.05 | 4.27 | 3.74 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $41,619,000K ÷ $10,037,000K
= 4.15
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
Royal Caribbean Cruises Ltd
RCL
4.15
Carnival Corporation
CCL
4.21
See also:
Royal Caribbean Cruises Ltd Financial Leverage (Quarterly Data)