Is Royal Caribbean financially stable?

The price performance was backed by solid earnings surprise history. Royal Caribbean's earnings surpassed the Zacks Consensus Estimate in all of the trailing four quarters. Earnings estimates for 2023 and 2024 have moved up 6.5% and 9.1% in the past 30 days, respectively.



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Royal Caribbean has a massive amount of debt on its balance sheet that it accumulated during the pandemic to stave off bankruptcy. At the end of Q2, the company had $18.7 billion in long-term debt and $1.7 billion in current debt (meaning debt due within 1 year).

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Total debt on the balance sheet as of September 2023 : $20.56 B. According to Royal Caribbean's latest financial reports the company's total debt is $20.56 B.

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The revenue of Royal Caribbean Cruises worldwide bounced back in 2022, following a dramatic drop with the onset of the coronavirus (COVID-19) pandemic. Despite the sharp annual increase, the company's global revenue remained below pre-pandemic levels, amounting to around 8.8 billion U.S. dollars in 2022.

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RCL Stock Forecast FAQ Based on analyst ratings, Royal Caribbean's 12-month average price target is $123.67. Royal Caribbean has 30.30% upside potential, based on the analysts' average price target. Royal Caribbean has a conensus rating of Strong Buy which is based on 8 buy ratings, 2 hold ratings and 0 sell ratings.

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Covid-19 shut the industry for the best part of two years, leaving the Big Three — Carnival Corp, Royal Caribbean Group and Norwegian Cruise Line Holdings — under an unprecedented pile of debt that they will be paying down for years. Carnival is $35bn in the hole, Royal Caribbean owes $24bn and Norwegian owes $13.4bn.

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When it comes to luxury cruises, nobody does lavish like Royal Caribbean. Unforgettable adventures call for an unforgettable oasis where you can rest and recharge in between thrills.

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It's been a good year, financially speaking, for the Royal Caribbean Group. During Q2 2023, the company earned $458.8 million or $1.70 per share, which is a significant improvement over the prior year's loss of $(0.5) billion or ($2.05) per share.

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The average Royal Caribbean Group salary ranges from approximately $34,765 per year for a Cleaner to $220,815 per year for a Chief Security Officer. The average Royal Caribbean Group hourly pay ranges from approximately $17 per hour for a Guest Service Representative to $67 per hour for a Senior Software Engineer.

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Royal Caribbean's analyst rating consensus is a Strong Buy.

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That's why guests and travel experts continually recognize Royal Caribbean as the Top Cruise Line for families, Best Cruises for couples, and Best Cruise Line for first timers. And for 20 consecutive years, we've been voted Best Cruise Line Overall by Travel Weekly readers.

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Is Royal Caribbean Group a good company to work for? Royal Caribbean Group has an overall rating of 4.0 out of 5, based on over 2,707 reviews left anonymously by employees. 78% of employees would recommend working at Royal Caribbean Group to a friend and 74% have a positive outlook for the business.

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