Royal Caribbean Cruises Ltd. (RCL) quarterly balance sheet — complete assets, liabilities & equity history
Royal Caribbean Cruises Ltd. (RCL) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 2.47B | 2.43B | 2.2B | 2.21B | 1.89B | 2.45B | 1.83B | 1.71B | 1.83B | 1.89B | 1.87B | 1.79B | 1.78B | 1.97B | 2.41B | 3.21B | 2.84B | 3.56B | 3.18B | 3.6B |
| Cash & Short-Term Investments | 851M | 875M | 512M | 940M | 641M | 735M | 386M | 388M | 418M | 391M | 437M | 497M | 600.12M | 726.42M | 1.23B | 1.94B | 1.57B | 2.1B | 1.97B | 2.7B |
| Cash Only | 851M | 875M | 512M | 825M | 432M | 735M | 386M | 388M | 418M | 391M | 437M | 497M | 600.12M | 726.42M | 1.23B | 1.94B | 1.57B | 2.1B | 1.97B | 2.7B |
| Short-Term Investments | 0 | 0 | 0 | 115M | 209M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 409M | 441M | 479M | 317M | 356M | 431M | 427M | 371M | 441M | 412M | 455M | 405M | 360.15M | 375.36M | 379.18M | 531M | 534.41M | 565.01M | 506.16M | 408.07M |
| Days Sales Outstanding | 6.99 | 8.66 | 8.05 | 7.27 | 7.04 | 8.6 | 8.98 | 9.93 | 8.03 | 9.6 | 10.5 | 10.57 | 8.13 | 9.74 | 14.19 | 18.82 | 16.9 | 22.31 | 38.84 | 37.71 |
| Inventory | 304M | 267M | 271M | 264M | 269M | 247M | 256M | 265M | 265M | 242M | 236M | 248M | 241.52M | 215.91M | 221.3M | 224M | 237.19M | 229.11M | 179.47M | 150.22M |
| Days Inventory Outstanding | 9.69 | 9.61 | 10.71 | 9.1 | 9.57 | 10.02 | 11.28 | 11.88 | 9.75 | 10.11 | 10.71 | 11.91 | 9.85 | 10.18 | 11.18 | 11.9 | 10.91 | 11.07 | 12.52 | 11.85 |
| Other Current Assets | 160M | 850M | 942M | 690M | 621M | 1.04B | 759M | 681M | 707M | 841M | 742M | 642M | 578.92M | 651.14M | 586.25M | 515M | 63.52M | 172.28M | 178.16M | 54.18M |
| Total Non-Current Assets | 42.34B | 42.21B | 39.79B | 39.41B | 38.22B | 36.09B | 35.62B | 35.37B | 35.24B | 35.09B | 33.32B | 33.34B | 30.99B | 30.95B | 30.46B | 30.57B | 30.63B | 30.38B | 29.76B | 28.66B |
| Property, Plant & Equipment | 39.05B | 38.87B | 36.49B | 36.32B | 35.25B | 33.01B | 32.56B | 32.51B | 32.35B | 32.35B | 30.62B | 30.73B | 28.38B | 28.49B | 27.99B | 28.08B | 28.25B | 28.13B | 27.48B | 26.45B |
| Fixed Asset Turnover | 0.14x | 0.13x | 0.12x | 0.12x | 0.15x | 0.14x | 0.12x | 0.12x | 0.15x | 0.13x | 0.12x | 0.11x | 0.15x | 0.12x | 0.10x | 0.09x | 0.11x | 0.08x | 0.04x | 0.04x |
| Goodwill | 808M | 808M | 808M | 808M | 808M | 808M | 808M | 808M | 809M | 809M | 809M | 809M | 809.21M | 809.25M | 809.26M | 809M | 809.2M | 809.3M | 809.43M | 809.38M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 434.56M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.48B | 2.53B | 2.48B | 2.28B | 2.17B | 2.28B | 2.25B | 2.05B | 2.07B | 1.93B | 1.89B | 1.8B | 1.79B | 1.66B | 1.66B | 1.68B | 1.57B | 1.45B | 1.48B | 964.07M |
| Total Assets | 44.81B | 44.64B | 41.99B | 41.62B | 40.11B | 38.54B | 37.45B | 37.07B | 37.07B | 36.97B | 35.19B | 35.13B | 32.77B | 32.92B | 32.87B | 33.78B | 33.46B | 33.94B | 32.94B | 32.26B |
| Asset Turnover | 0.12x | 0.11x | 0.11x | 0.10x | 0.13x | 0.12x | 0.11x | 0.10x | 0.13x | 0.11x | 0.11x | 0.10x | 0.13x | 0.11x | 0.09x | 0.08x | 0.09x | 0.07x | 0.03x | 0.03x |
| Asset Growth % | 11.73% | 15.83% | 12.12% | 12.27% | 8.21% | 4.24% | 6.43% | 5.52% | 13.12% | 12.3% | 7.06% | 4.01% | -2.08% | -3% | -0.21% | 4.7% | 2.44% | 0.75% | -4.1% | -0.64% |
| Total Current Liabilities | 11.41B | 11.65B | 11.06B | 12.05B | 11.47B | 10.57B | 10.3B | 9.82B | 9.63B | 9.89B | 9.9B | 9.4B | 9.24B | 9.67B | 9.44B | 8.57B | 9.79B | 11.72B | 8.01B | 7.29B |
| Accounts Payable | 979M | 1.09B | 1.01B | 953M | 828M | 959M | 956M | 919M | 851M | 821M | 876M | 792M | 715.39M | 692.01M | 714.84M | 647M | 623.57M | 760.86M | 668.16M | 545.98M |
| Days Payables Outstanding | 35.16 | 37.57 | 39.31 | 30.4 | 33.16 | 38.17 | 40.6 | 39.68 | 32.17 | 35.88 | 36.91 | 36.68 | 30.29 | 32.74 | 34.18 | 32.79 | 32.39 | 38.7 | 46.11 | 40.81 |
| Short-Term Debt | 2.24B | 1.57B | 1.45B | 3.27B | 3.07B | 1.4B | 1.4B | 1.6B | 1.87B | 1.33B | 1.64B | 1.72B | 2.04B | 1.71B | 2.06B | 2.09B | 3.95B | 5.47B | 2.56B | 2.24B |
| Deferred Revenue (Current) | 6.03B | 6.74B | 6.55B | 0 | 5.6B | 6.38B | 6.33B | 5.5B | 5.32B | 6.25B | 6.04B | 5.31B | 5.03B | 5.68B | 5.27B | 4.17B | 3.77B | 4.17B | 3.57B | 3.16B |
| Other Current Liabilities | 107M | 17M | 12M | 7.83B | 31M | 48M | 35M | 90M | 44M | 22M | 47M | 35M | 158.16M | 111.86M | 121.84M | 131M | 242.65M | 87.18M | 101.55M | 127.24M |
| Current Ratio | 0.22x | 0.21x | 0.20x | 0.18x | 0.16x | 0.23x | 0.18x | 0.17x | 0.19x | 0.19x | 0.19x | 0.19x | 0.19x | 0.20x | 0.26x | 0.37x | 0.29x | 0.30x | 0.40x | 0.49x |
| Quick Ratio | 0.19x | 0.19x | 0.17x | 0.16x | 0.14x | 0.21x | 0.15x | 0.15x | 0.16x | 0.17x | 0.16x | 0.16x | 0.17x | 0.18x | 0.23x | 0.35x | 0.27x | 0.28x | 0.37x | 0.47x |
| Cash Conversion Cycle | -18.48 | -19.29 | -20.55 | -14.03 | -16.54 | -19.54 | -20.34 | -17.87 | -14.38 | -16.18 | -15.71 | -14.2 | -12.32 | -12.82 | -8.81 | -2.07 | -4.58 | -5.32 | 5.25 | 8.76 |
| Total Non-Current Liabilities | 21.49B | 22.53B | 20.9B | 19.32B | 18.35B | 18.61B | 19.01B | 19.52B | 20.21B | 20.9B | 19.96B | 20.83B | 18.93B | 19.72B | 20.4B | 22.33B | 20.46B | 18.83B | 20.94B | 19.89B |
| Long-Term Debt | 20.12B | 21.26B | 19.67B | 18.77B | 17.2B | 17.61B | 17.99B | 18.47B | 18.97B | 19.79B | 18.88B | 19.73B | 17.92B | 18.69B | 19.4B | 21.3B | 19.38B | 17.75B | 19.94B | 18.85B |
| Capital Lease Obligations | 744M | 611M | 599M | 600M | 613M | 639M | 655M | 670M | 648M | 591M | 603M | 613M | 517.34M | 537.64M | 509.53M | 523M | 542.58M | 561.16M | 523.92M | 534.73M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 627M | 654M | 632M | -46M | 536M | 358M | 362M | 375M | 592M | 522M | 481M | 486M | 488.53M | 492.13M | 489.19M | 508M | 537.97M | 517.88M | 476.47M | 505.18M |
| Total Liabilities | 32.9B | 34.18B | 31.96B | 31.37B | 29.82B | 29.18B | 29.31B | 29.34B | 29.84B | 30.79B | 29.86B | 30.23B | 28.17B | 29.38B | 29.85B | 30.91B | 30.26B | 30.55B | 28.95B | 27.17B |
| Total Debt | 23.17B | 23.52B | 21.79B | 22.64B | 20.98B | 19.74B | 20.12B | 20.82B | 21.56B | 21.77B | 21.18B | 22.13B | 20.57B | 21.02B | 22.05B | 23.99B | 23.95B | 23.85B | 23.1B | 21.69B |
| Net Debt | 22.32B | 22.64B | 21.28B | 21.81B | 20.54B | 19B | 19.73B | 20.43B | 21.14B | 21.38B | 20.75B | 21.63B | 19.97B | 20.29B | 20.82B | 22.06B | 22.38B | 21.74B | 21.13B | 18.99B |
| Debt / Equity | 1.94x | 2.25x | 2.17x | 2.21x | 2.04x | 2.11x | 2.47x | 2.69x | 2.98x | 3.52x | 3.98x | 4.52x | 4.47x | 5.94x | 7.29x | 8.36x | 7.47x | 7.02x | 5.79x | 4.27x |
| Debt / EBITDA | 9.81x | 13.28x | 13.43x | 16.33x | 9.81x | 11.30x | 14.83x | 20.14x | 10.55x | 14.59x | 18.63x | 23.60x | 12.61x | 18.57x | 34.89x | 63.81x | 36.64x | 179.43x | - | - |
| Net Debt / EBITDA | 9.45x | 12.79x | 13.11x | 15.74x | 9.61x | 10.88x | 14.54x | 19.76x | 10.34x | 14.33x | 18.25x | 23.07x | 12.24x | 17.93x | 32.94x | 58.66x | 34.25x | 163.61x | - | - |
| Interest Coverage | 7.05x | 5.87x | 4.51x | 3.91x | 7.35x | 6.33x | 3.96x | 3.11x | 2.85x | 3.88x | 1.86x | 1.81x | 3.97x | 2.30x | 0.87x | -0.16x | 1.09x | -0.72x | -3.20x | -3.78x |
| Total Equity | 11.91B | 10.46B | 10.03B | 10.24B | 10.29B | 9.36B | 8.14B | 7.74B | 7.22B | 6.18B | 5.33B | 4.9B | 4.6B | 3.54B | 3.03B | 2.87B | 3.21B | 3.4B | 3.99B | 5.09B |
| Equity Growth % | 15.8% | 11.76% | 23.16% | 32.45% | 42.41% | 51.41% | 52.9% | 57.89% | 57.17% | 74.58% | 76.01% | 70.76% | 43.39% | 4.21% | -24.15% | -43.59% | -50.44% | -56.9% | -56.51% | -41.95% |
| Book Value per Share | 44.45 | 38.74 | 37.00 | 37.53 | 37.55 | 34.04 | 29.50 | 27.92 | 27.36 | 22.00 | 18.95 | 17.50 | 16.30 | 12.56 | 11.86 | 11.24 | 12.55 | 13.33 | 15.65 | 19.96 |
| Total Shareholders' Equity | 11.71B | 10.24B | 9.81B | 10.04B | 10.09B | 9.17B | 7.96B | 7.56B | 7.04B | 6.01B | 5.15B | 4.72B | 4.42B | 3.36B | 2.85B | 2.87B | 3.21B | 3.4B | 3.99B | 5.09B |
| Common Stock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 2.85M | 2.84M | 2.84M | 3M | 2.83M | 2.83M | 2.83M | 2.83M |
| Retained Earnings | 8.51B | 7.19B | 6.46B | 5.92B | 5.44B | 4.14B | 3.14B | 2.61B | 2.21B | 1.2B | 350M | -10M | -287.5M | -1.3B | -1.76B | -1.71B | -1.21B | -1.24B | -718.61M | 302.28M |
| Treasury Stock | -4.33B | -4.33B | -4.13B | -3.25B | -2.75B | -2.33B | -2.33B | -2.08B | -2.08B | -2.08B | -2.08B | -2.07B | -2.07B | -2.07B | -2.07B | -2.07B | -2.07B | -2.07B | -2.07B | -2.07B |
| Accumulated OCI | -384M | -516M | -385M | -604M | -528M | -519M | -695M | -802M | -753M | -654M | -617M | -674M | -644.98M | -680M | -677.94M | -644M | -792.48M | -551.25M | -494.61M | -710.88M |
| Minority Interest | 200M | 225M | 218M | 208M | 196M | 191M | 182M | 172M | 179M | 174M | 174M | 175M | 173.21M | 177.43M | 173.8M | 0 | 0 | 0 | 0 | 0 |