Royal Caribbean Group (BSP:R1CL34) Interest Expense : R$-7,217 Mil (TTM As of Mar. 2024)

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What is Royal Caribbean Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Royal Caribbean Group's interest expense for the three months ended in Mar. 2024 was R$ -2,111 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-7,217 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Royal Caribbean Group's Operating Income for the three months ended in Mar. 2024 was R$ 3,735 Mil. Royal Caribbean Group's Interest Expense for the three months ended in Mar. 2024 was R$ -2,111 Mil. Royal Caribbean Group's Interest Coverage for the quarter that ended in Mar. 2024 was 1.77. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Royal Caribbean Group Interest Expense Historical Data

The historical data trend for Royal Caribbean Group's Interest Expense 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 Interest Expense Chart

Royal Caribbean Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1,676.74

-4,343.35

-7,306.13

-7,154.73

-6,869.52

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
Interest Expense	Get a 7-Day Free Trial															-1,875.10	-1,725.55	-1,682.22	-1,697.69	-2,111.44

Royal Caribbean Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-7,217 Mil.

Royal Caribbean Group (BSP:R1CL34) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Royal Caribbean Group's Interest Expense for the three months ended in Mar. 2024 was R$-2,111 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$3,735 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$97,002 Mil.

Royal Caribbean Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3734.85	/	-2111.435
	=	1.77

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Royal Caribbean Group interest coverage is 2.29, which is low.

Royal Caribbean Group (BSP:R1CL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Caribbean Group (BSP:R1CL34) » Definitions » Interest Expense

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.

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