Royal Caribbean Group (BSP:R1CL34) Debt-to-Equity

: 4.69 (As of Dec. 2023)

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Royal Caribbean Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$8,746 Mil. Royal Caribbean Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$99,686 Mil. Royal Caribbean Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$23,147 Mil. Royal Caribbean Group's debt to equity for the quarter that ended in Dec. 2023 was 4.68.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Royal Caribbean Group's Debt-to-Equity or its related term are showing as below:

BSP:R1CL34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.7 Med: 1.04 Max: 8.36
Current: 4.69

During the past 13 years, the highest Debt-to-Equity Ratio of Royal Caribbean Group was 8.36. The lowest was 0.70. And the median was 1.04.

BSP:R1CL34's Debt-to-Equity is ranked worse than
92.29% of 687 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs BSP:R1CL34: 4.69

Royal Caribbean Group Debt-to-Equity Historical Data

The historical data trend for Royal Caribbean Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Royal Caribbean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.97

2.28

4.27

8.36

4.69

Royal Caribbean Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																8.36	7.73	6.25	4.65	4.69

Competitive Comparison

For the Travel Services subindustry, Royal Caribbean Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Royal Caribbean Group Debt-to-Equity Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Royal Caribbean Group's Debt-to-Equity falls into.

Royal Caribbean Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Royal Caribbean Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8746.143	+	99686.431)	/	23146.655
	=	4.68

Royal Caribbean Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8746.143	+	99686.431)	/	23146.655
	=	4.68

Royal Caribbean Group (BSP:R1CL34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Royal Caribbean Group Debt-to-Equity Related Terms

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Royal Caribbean Group (BSP:R1CL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Caribbean Group (BSP:R1CL34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RCL:USA RCL:Mexico RC8:Germany

Address

1050 Caribbean Way, Miami, FL, USA, 33132

Website

https://www.rclcorporate.com

Royal Caribbean is the world's second-largest cruise company, operating 64 ships across five global and partner brands in the cruise vacation industry, with 10 more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.

Royal Caribbean Group (BSP:R1CL34) Headlines

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