Royal Caribbean Cruises Ltd (RCL)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,296,000 | 5,078,000 | 4,973,000 | 4,686,000 | 4,488,000 | 4,287,403 | 3,920,403 | 3,583,403 | 3,107,403 | 2,413,404 | 1,447,559 | 409,683 | -791,800 | -1,796,404 | -3,175,452 | -3,999,016 | -3,968,741 | -3,989,391 | -4,075,458 | -4,445,978 |
| Interest expense (ttm) | US$ in thousands | 992,000 | 991,000 | 1,346,000 | 1,416,000 | 1,591,000 | 1,671,481 | 1,408,481 | 1,465,481 | 1,401,481 | 1,486,610 | 1,498,797 | 1,446,503 | 1,364,162 | 1,216,319 | 1,294,793 | 1,296,898 | 1,291,753 | 1,281,075 | 1,109,763 | 1,023,841 |
| Interest coverage | 5.34 | 5.12 | 3.69 | 3.31 | 2.82 | 2.57 | 2.78 | 2.45 | 2.22 | 1.62 | 0.97 | 0.28 | -0.58 | -1.48 | -2.45 | -3.08 | -3.07 | -3.11 | -3.67 | -4.34 |
December 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $5,296,000K ÷ $992,000K
= 5.34
Peer comparison
Dec 31, 2025
Company name
Symbol
Interest coverage
Royal Caribbean Cruises Ltd
RCL
5.34
Carnival Corporation
CCL
3.08
See also:
Royal Caribbean Cruises Ltd Interest Coverage (Quarterly Data)