Total Debt for Royal Caribbean Cruises (RCL)
According to Royal Caribbean Cruises's latest reported financial statements, the company's latest reported total debt is $22.64B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$22.64B
YoY change
+8.7%
5Y CAGR
+2.5%
Peak year (2022)
$23.99B
Latest annual
$22.64B
Total Debt history chart for Royal Caribbean Cruises (RCL) from 1991 to 2025
Total Debt history table for Royal Caribbean Cruises (RCL) from 1991 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $22.64B | +8.7% | ||
| 2024 | $20.82B | -5.9% | ||
| 2023 | $22.13B | -7.8% | ||
| 2022 | $23.99B | +10.6% | ||
| 2021 | $21.69B | +8.5% | ||
| 2020 | $20.00B | +70.4% | ||
| 2019 | $11.73B | +8.9% | ||
| 2018 | $10.78B | +43.0% | ||
| 2017 | $7.54B | -19.7% | ||
| 2016 | $9.39B | +10.1% | ||
| 2015 | $8.53B | +1.0% | ||
| 2014 | $8.44B | +4.6% | ||
| 2013 | $8.07B | -4.9% | ||
| 2012 | $8.49B | -0.1% | ||
| 2011 | $8.50B | -7.2% | ||
| 2010 | $9.15B | +8.7% | ||
| 2009 | $8.42B | +20.1% | ||
| 2008 | $7.01B | +23.0% | ||
| 2007 | $5.70B | +5.3% | ||
| 2006 | $5.41B | +30.3% | ||
| 2005 | $4.15B | -37.1% | ||
| 2004 | $6.61B | +13.2% | ||
| 2003 | $5.84B | +7.2% | ||
| 2002 | $5.44B | -3.6% | ||
| 2001 | $5.65B | +65.6% | ||
| 2000 | $3.41B | +45.6% | ||
| 1999 | $2.34B | -5.1% | ||
| 1998 | $2.47B | -4.0% | ||
| 1997 | $2.57B | +88.2% | ||
| 1996 | $1.37B | +46.1% | ||
| 1995 | $935.70M | +25.2% | ||
| 1994 | $747.10M | -6.4% | ||
| 1993 | $798.20M | -28.8% | ||
| 1992 | $1.12B | +10.2% | ||
| 1991 | $1.02B | — |
Total Debt values are taken from Royal Caribbean Cruises's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Royal Caribbean Cruises (RCL) total debt totalled $22.64B – grew 8.7% year-over-year.
Across 2020–2025 (5 years), Royal Caribbean Cruises total debt produced a CAGR of +2.5% – with the latest reading among the more recent periods of the dataset.
2022 marks the peak total debt at $23.99B, with the historical low of $747.10M recorded in 1994.
Among 8 Consumer Cyclical peers, Royal Caribbean Cruises (RCL) ranks 5th; the peer median for total debt is $37.05B.
Royal Caribbean Cruises Total Debt by Year
Royal Caribbean Cruises Total Debt 2025: $22.64B
Royal Caribbean Cruises total debt in 2025 was $22.64B, grew 8.7% from 2024.
Royal Caribbean Cruises Total Debt 2024: $20.82B
Royal Caribbean Cruises total debt in 2024 was $20.82B, declined 5.9% below 2023.
Royal Caribbean Cruises Total Debt 2023: $22.13B
Royal Caribbean Cruises total debt in 2023 was $22.13B, declined 7.8% below 2022.
Royal Caribbean Cruises Total Debt 2022: $23.99B
Royal Caribbean Cruises total debt in 2022 was $23.99B, grew 10.6% from 2021. This figure represents the highest annual value in the available history.
Royal Caribbean Cruises Total Debt 2021: $21.69B
Royal Caribbean Cruises total debt in 2021 was $21.69B.
See more financial history for Royal Caribbean Cruises (RCL).
Sector peers — Total Debt
Companies in the same sector as Royal Caribbean Cruises, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $248.49B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $152.99B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $65.35B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $54.81B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $19.29B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $13.49B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.38B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $5.38B | Consumer Cyclical |
Frequently asked questions
What is Royal Caribbean Cruises's total debt?
- Latest reported total debt for Royal Caribbean Cruises (RCL) is $22.64B (period ending December 31, 2025).
How has Royal Caribbean Cruises total debt changed year-over-year?
- Royal Caribbean Cruises (RCL) total debt changed +8.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Royal Caribbean Cruises total debt?
- Royal Caribbean Cruises (RCL) total debt compound annual growth rate is +2.5% over the most recent 5 years available.
When did Royal Caribbean Cruises total debt hit its highest annual value?
- Royal Caribbean Cruises total debt reached its highest annual value of $23.99B in 2022.
What was Royal Caribbean Cruises total debt in 2024?
- Royal Caribbean Cruises (RCL) total debt in 2024 was $20.82B.
What was Royal Caribbean Cruises total debt in 2025?
- Royal Caribbean Cruises (RCL) total debt in 2025 was $22.64B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
RCL Overview
Company profile, financial tools, and key metrics
RCL Revenue Counter
Earns $568.72 every second. See per minute, hour, and day.
RCL Earnings Counter
Earns $135.50 per second net profit. See per minute, hour, and day.
RCL Economic Scale
Exceeds Kyrgyz Republic's GDP. Compare with world economies.
RCL What If Invested
What if you had invested $1,000? See historical returns from any date.
RCL How It Makes Money
Discover visual breakdown of $17.93B in revenue — where it comes from and where it goes.
RCL Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
RCL Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
RCL Daily Price Character
Explosive · 49.0% historical win rate (green days). Streaks & record days.
RCL Buybacks
1.53% TTM buyback yield. Shareholder yield & SBC comparison.
RCL Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.
RCL Dividend Profile
Yield: 1.67%. Safety: 4/7. See full history.
RCL Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
RCL Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.