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Royal Caribbean Group RCL Net debt / EBITDA

Net debt / EBITDA at other companies

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AirbnbABNB
-5.6×
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Walt DisneyDIS
2.1×-0.7×
Expedia Group, Inc. logo
Expedia Group, Inc.EXPE
-0.3×-0.6×
Hyatt Hotels logo
Hyatt HotelsH
6.3×+4.5×

Other financials

Income statement

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Revenue$4.5B+11.3%
Gross profit$2.2B+14.8%
Operating income$1.2B+23.0%
Net income$941.0M+28.9%
EPS (diluted)$3.48+28.9%

Balance sheet

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Cash & equivalents$512.0M+32.6%
Total debt$678.0M-19.9%
Total equity$9.8B+23.2%
Total assets$42.0B+12.1%

Cash flow

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Operating cash flow$1.8B+12.7%
CapEx$500.0M+16.8%
Free cash flow$1.3B+11.3%

Valuation

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Market cap$83.81B+34.6%
Enterprise value$83.98B+33.8%
P/E18.7×-0.5×
P/S4.6×+0.8×

Profitability

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Gross margin49.7%+1.5pp
Operating margin27.9%+2.2pp
Net margin24.4%+5.0pp

Returns & leverage

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Return on equity50.4%+0.9pp
Debt / equity0.1×0.0×
Current ratio0.2×0.0×

Where this comes from

Calculated from Royal Caribbean Group’s reported figures.

Based on the most recent quarter.

The official record: Royal Caribbean Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Royal Caribbean Group's net debt / EBITDA?
Royal Caribbean Group (RCL) reported net debt / EBITDA of 0× in Q1 2026.
How has Royal Caribbean Group's net debt / EBITDA changed year-over-year?
Royal Caribbean Group's net debt / EBITDA decreased by 68.9% year-over-year, from 0.1× to 0×.
What is the long-term trend for Royal Caribbean Group's net debt / EBITDA?
Over 2 years (2023 to 2025), Royal Caribbean Group's net debt / EBITDA has grown at a 14.8% compound annual growth rate (CAGR), from 0.1× to 0.2×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.