Is Royal Caribbean in debt?

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.



Yes, Royal Caribbean Group (RCL) carries significant debt, but it is currently in a phase of strategic refinancing rather than crisis. As of late February 2026, the company manages approximately $22 billion in total debt. On February 28, 2026, the company successfully completed a $2.5 billion public offering of senior unsecured notes to refinance debt maturing later this year. This move is part of their broader strategy to extend maturities and capitalize on a strong market capitalization of roughly $84 billion. While the "Trifecta" goals of the post-pandemic era focused on debt reduction, the 2026 financial landscape shows Royal Caribbean shifting toward growth-oriented leverage, supported by an upgraded credit rating (Baa2 by Moody's) and strong demand for its newest "Icon Class" ships.

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The cruise sector had a tough pandemic. What lessons has it learned from the crisis? 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.

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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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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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Largest shareholders include Capital International Investors, Capital Research Global Investors, Vanguard Group Inc, AGTHX - GROWTH FUND OF AMERICA Class A, AIVSX - INVESTMENT CO OF AMERICA Class A, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Primecap Management Co ...

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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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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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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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How much does a Director make at Royal Caribbean group in the United States? Average Royal Caribbean group Director yearly pay in the United States is approximately $145,972, which is 47% above the national average.

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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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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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It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of January 2021, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.

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Stock Price Forecast The 16 analysts offering 12-month price forecasts for Royal Caribbean Cruises Ltd have a median target of 121.50, with a high estimate of 140.00 and a low estimate of 94.00. The median estimate represents a +24.23% increase from the last price of 97.80.

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Winner: Royal Caribbean Both companies are market leaders in terms of fleet sizes. That said, Royal Caribbean has more ships and they're often larger, which means additional dining, activities and lodging options for passengers.

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