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Total Debt for Royal Caribbean Cruises (RCL) 1991-2026

As of · Reported

Metric

Latest period

$23.5B

YoY change

+8.7%

5Y CAGR

+2.5%

Peak year (FY2022)

$24B

Total Debt history chart for Royal Caribbean Cruises (RCL) from 2016 to 2025

Latest: $22.6B

Total Debt growth chart for Royal Caribbean Cruises (RCL) from 2016 to 2025

Latest: +8.7%

Total Debt history table for Royal Caribbean Cruises (RCL) from 1991 to 2025

  • FY2025$22.6B+8.7%
  • FY2024$20.8B-5.9%
  • FY2023$22.1B-7.8%
  • FY2022$24B+10.6%
  • FY2021$21.7B+8.5%
  • FY2020$20B+70.4%
  • FY2019$11.7B+8.9%
  • FY2018$10.8B+43.0%
  • FY2017$7.54B-19.7%
  • FY2016$9.39B+10.1%
  • FY2015$8.53B+1.0%
  • FY2014$8.44B+4.6%
  • FY2013$8.07B-4.9%
  • FY2012$8.49B-0.1%
  • FY2011$8.5B-7.2%
  • FY2010$9.15B+8.7%
  • FY2009$8.42B+20.1%
  • FY2008$7.01B+23.0%
  • FY2007$5.7B+5.3%
  • FY2006$5.41B+30.3%
  • FY2005$4.15B-37.1%
  • FY2004$6.61B+13.2%
  • FY2003$5.84B+7.2%
  • FY2002$5.44B-3.6%
  • FY2001$5.65B+65.6%
  • FY2000$3.41B+45.6%
  • FY1999$2.34B-5.1%
  • FY1998$2.47B-4.0%
  • FY1997$2.57B+88.2%
  • FY1996$1.37B+46.1%
  • FY1995$936M+25.2%
  • FY1994$747M-6.4%
  • FY1993$798M-28.8%
  • FY1992$1.12B+10.2%
  • FY1991$1.02B—

Total Debt values are taken from Royal Caribbean Cruises's reported balance sheets (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Total Debt at Royal Caribbean Cruises (RCL)

According to Royal Caribbean Cruises's latest reported financial statements, the company's latest reported total debt is $23.5B. 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 — compare with cash on hand for net leverage, and 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 .

In 2025, Royal Caribbean Cruises (RCL) total debt totalled $22.6B – grew 8.7% year-over-year.

Across 2020–2025 (5 years), Royal Caribbean Cruises total debt produced a CAGR of +2.5% – with mixed annual results across the window.

2022 marks the peak total debt at $24B, with the historical low of $747M recorded in 1994.

Royal Caribbean Cruises Total Debt by Year

Royal Caribbean Cruises Total Debt 2025: $22.6B

2025's total debt for Royal Caribbean Cruises came in at $22.6B, grew 8.7% from 2024.

Royal Caribbean Cruises Total Debt 2024: $20.8B

Royal Caribbean Cruises posted total debt of $20.8B in 2024, declined 5.9% below 2023.

Royal Caribbean Cruises Total Debt 2023: $22.1B

In 2023, Royal Caribbean Cruises reported total debt of $22.1B, declined 7.8% below 2022.

Royal Caribbean Cruises Total Debt 2022: $24B

Royal Caribbean Cruises total debt in 2022 was $24B, grew 10.6% from 2021. This figure represents the highest annual value in the available history.

Royal Caribbean Cruises Total Debt 2021: $21.7B

Royal Caribbean Cruises total debt in 2021 was $21.7B.

See more financial history for Royal Caribbean Cruises (RCL).

Sector peers by Total Debt

Consumer Cyclical peers of Royal Caribbean Cruises (RCL), ranked by their latest total debt

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