Royal Caribbean Group (OSTO:67272) Effective Interest Rate on Debt % : 7.85% (As of Mar. 2024)

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What is Royal Caribbean Group Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Royal Caribbean Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr17,998 Mil. Royal Caribbean Group's average total debt for the quarter that ended in Mar. 2024 was kr229,138 Mil. Therefore, Royal Caribbean Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.85%.

Royal Caribbean Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Royal Caribbean Group's Effective Interest Rate on Debt % 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.

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Royal Caribbean Group Effective Interest Rate on Debt % Chart

Royal Caribbean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.71

5.25

6.29

6.24

6.29

Royal Caribbean Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.46	6.69	6.53	6.44	7.85

Competitive Comparison of Royal Caribbean Group's Effective Interest Rate on Debt %

For the Travel Services subindustry, Royal Caribbean Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Royal Caribbean Group's Effective Interest Rate on Debt % falls into.

Royal Caribbean Group Effective Interest Rate on Debt % Calculation

Royal Caribbean Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -14790.259	/	( (237063.12	+	233458.222)	/ 2 )
=	-1 * -14790.259	/	235260.671
=	6.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	215643.063	+	21420.057
=	237063.12

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	214627.543	+	18830.679
=	233458.222

Royal Caribbean Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -17998.12	/	( (233458.222	+	224817.339)	/ 2 )
=	-1 * -17998.12	/	229137.7805
=	7.85 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	214627.543	+	18830.679
=	233458.222

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206713.096	+	18104.243
=	224817.339

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Royal Caribbean Group (OSTO:67272) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Royal Caribbean Group Effective Interest Rate on Debt % Related Terms

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Royal Caribbean Group (OSTO:67272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Caribbean Group (OSTO:67272) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

RCL:USA RCL:Mexico RC8:Germany R1CL34:Brazil

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.

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