Royal Caribbean Group (RCL) balance sheet
NYSE · Consumer Cyclical · Travel Services · 107,975 employees · CEO Jason T. Liberty
- Price
- $307.18 -1.08%
- Market cap
- $82.2B
- Enterprise value
- $104B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-02-04 EPS est. $3.59
At the end of Q3 '26 Royal Caribbean Group (RCL) held $851M in cash and short-term investments against $23.2B of debt incl. leases. Total assets $44.8B, total liabilities $32.9B, shareholders' equity $11.7B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $497M | $437M | $391M | $418M | $388M | $386M | $735M | $432M | $825M | $512M | $875M | $851M | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $209M | $115M | $0 | $0 | $0 | |
| Receivables | $405M | $455M | $412M | $441M | $371M | $427M | $431M | $356M | $317M | $479M | $441M | $409M | |
| Inventory | $248M | $236M | $242M | $265M | $265M | $256M | $247M | $269M | $264M | $271M | $267M | $304M | |
| Other current assets | $642M | $742M | $841M | $707M | $681M | $759M | $1.04B | $621M | $690M | $942M | $850M | $160M | |
| Current assets | $1.79B | $1.87B | $1.89B | $1.83B | $1.71B | $1.83B | $2.45B | $1.89B | $2.21B | $2.2B | $2.43B | $2.47B | |
| Property, plant & equipment (net) | $30.7B | $30.6B | $32.3B | $32.4B | $32.5B | $32.6B | $33B | $35.2B | $36.3B | $36.5B | $38.9B | $39B | |
| Goodwill | $809M | $809M | $809M | $809M | $808M | $808M | $808M | $808M | $808M | $808M | $808M | $808M | |
| Other non-current assets | $1.81B | $1.89B | $1.93B | $2.07B | $2.05B | $2.25B | $2.28B | $2.17B | $2.28B | $2.48B | $2.53B | $2.48B | |
| Non-current assets | $33.3B | $33.3B | $35.1B | $35.2B | $35.4B | $35.6B | $36.1B | $38.2B | $39.4B | $39.8B | $42.2B | $42.3B | |
| Total assets | $35.1B | $35.2B | $37B | $37.1B | $37.1B | $37.5B | $38.5B | $40.1B | $41.6B | $42B | $44.6B | $44.8B | |
| Liabilities | |||||||||||||
| Accounts payable | $792M | $876M | $821M | $851M | $919M | $956M | $959M | $828M | $953M | $1.01B | $1.09B | $979M | |
| Accrued expenses | $1.48B | $1.24B | $1.41B | $1.48B | $1.64B | $1.5B | $1.7B | $1.85B | $0 | $1.97B | $2.17B | $1.98B | |
| Short-term debt | $1.72B | $1.64B | $1.33B | $1.87B | $1.6B | $1.4B | $1.4B | $3.07B | $3.27B | $1.45B | $1.57B | $2.24B | |
| Deferred revenue | $5.31B | $6.04B | $6.25B | $5.32B | $5.5B | $6.33B | $6.38B | $5.6B | $0 | $6.55B | $6.74B | $6.03B | |
| Other current liabilities | $35M | $47M | $22M | $44M | $90M | $35M | $48M | $31M | $7.83B | $12M | $17M | $107M | |
| Current liabilities | $9.4B | $9.91B | $9.89B | $9.63B | $9.82B | $10.3B | $10.6B | $11.5B | $12.1B | $11.1B | $11.7B | $11.4B | |
| Long-term debt | $19.7B | $18.9B | $19.8B | $19B | $18.5B | $18B | $17.6B | $17.2B | $18.8B | $19.7B | $21.3B | $20.1B | |
| Lease obligations (non-current) | $613M | $603M | $591M | $648M | $670M | $655M | $639M | $613M | $600M | $599M | $611M | $744M | |
| Other non-current liabilities | $486M | $481M | $522M | $592M | $375M | $362M | $358M | $536M | -$46M | $632M | $654M | $627M | |
| Non-current liabilities | $20.8B | $20B | $20.9B | $20.2B | $19.5B | $19B | $18.6B | $18.4B | $19.3B | $20.9B | $22.5B | $21.5B | |
| Total liabilities | $30.2B | $29.9B | $30.8B | $29.8B | $29.3B | $29.3B | $29.2B | $29.8B | $31.4B | $32B | $34.2B | $32.9B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Retained earnings | -$10M | $350M | $1.2B | $2.21B | $2.61B | $3.14B | $4.14B | $5.44B | $5.93B | $6.46B | $7.19B | $8.51B | |
| Accumulated other comprehensive income | -$674M | -$617M | -$654M | -$753M | -$802M | -$695M | -$519M | -$528M | -$604M | -$385M | -$516M | -$384M | |
| Shareholders' equity | $4.72B | $5.15B | $6.01B | $7.05B | $7.56B | $7.96B | $9.17B | $10.1B | $10B | $9.81B | $10.2B | $11.7B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $22.1B | $21.2B | $21.8B | $21.6B | $20.8B | $20.1B | $19.7B | $21B | $22.6B | $21.8B | $23.5B | $23.2B | |
| Net debt (debt - cash) | $21.6B | $20.7B | $21.4B | $21.1B | $20.4B | $19.7B | $19B | $20.5B | $21.8B | $21.3B | $22.6B | $22.3B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $133M | $120M | $288M | $244M | $3.68B | $2.7B | $1.94B | $497M | $388M | $825M | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $115M | |
| Receivables | $292M | $319M | $325M | $306M | $284M | $408M | $531M | $405M | $371M | $317M | |
| Inventory | $114M | $111M | $154M | $162M | $119M | $150M | $224M | $248M | $265M | $264M | |
| Other current assets | $0 | $99.3M | $19.6M | $21.8M | $70.1M | $54.2M | $515M | $642M | $681M | $690M | |
| Current assets | $748M | $908M | $1.24B | $1.16B | $4.31B | $3.6B | $3.21B | $1.79B | $1.71B | $2.21B | |
| Property, plant & equipment (net) | $20.2B | $19.7B | $23.5B | $26.2B | $25.8B | $26.5B | $28.1B | $30.7B | $32.5B | $36.3B | |
| Goodwill | $288M | $289M | $1.38B | $1.39B | $809M | $809M | $809M | $809M | $808M | $808M | |
| Intangible assets | $0 | $0 | $502M | $489M | $445M | $435M | $0 | $0 | $0 | $0 | |
| Other non-current assets | $1.11B | $1.43B | $1.11B | $1.13B | $1.05B | $964M | $1.68B | $1.81B | $2.05B | $2.28B | |
| Non-current assets | $21.6B | $21.5B | $26.5B | $29.2B | $28.2B | $28.7B | $30.6B | $33.3B | $35.4B | $39.4B | |
| Total assets | $22.3B | $22.4B | $27.7B | $30.3B | $32.5B | $32.3B | $33.8B | $35.1B | $37.1B | $41.6B | |
| Liabilities | |||||||||||
| Accounts payable | $305M | $360M | $488M | $564M | $353M | $546M | $647M | $792M | $919M | $953M | |
| Accrued expenses | $738M | $950M | $974M | $1.15B | $868M | $1.14B | $1.46B | $1.48B | $1.64B | $0 | |
| Short-term debt | $1.29B | $1.19B | $2.42B | $2.62B | $1.37B | $2.24B | $2.09B | $1.72B | $1.6B | $3.27B | |
| Deferred revenue | $1.97B | $2.31B | $3.15B | $3.43B | $1.78B | $3.16B | $4.17B | $5.31B | $5.5B | $0 | |
| Other current liabilities | $147M | $47.5M | $78.5M | $94.9M | $56.7M | $127M | $131M | $35M | $90M | $7.83B | |
| Current liabilities | $4.44B | $4.85B | $7.11B | $7.95B | $4.54B | $7.29B | $8.57B | $9.4B | $9.82B | $12.1B | |
| Long-term debt | $8.1B | $6.35B | $8.36B | $8.41B | $18B | $18.8B | $21.3B | $19.7B | $18.5B | $18.8B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $602M | $564M | $535M | $523M | $613M | $670M | $600M | |
| Other non-current liabilities | $646M | $453M | $583M | $618M | $646M | $505M | $508M | $486M | $375M | -$46M | |
| Non-current liabilities | $8.75B | $6.8B | $8.94B | $9.63B | $19.2B | $19.9B | $22.3B | $20.8B | $19.5B | $19.3B | |
| Total liabilities | $13.2B | $11.7B | $16.1B | $17.6B | $23.7B | $27.2B | $30.9B | $30.2B | $29.3B | $31.4B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $2.35M | $2.35M | $2.36M | $2.37M | $2.65M | $2.83M | $3M | $3M | $3M | $3M | |
| Retained earnings | $7.86B | $9.02B | $10.3B | $11.5B | $5.56B | $302M | -$1.71B | -$10M | $2.61B | $5.93B | |
| Accumulated other comprehensive income | -$916M | -$334M | -$628M | -$798M | -$739M | -$711M | -$644M | -$674M | -$802M | -$604M | |
| Shareholders' equity | $9.12B | $10.7B | $11.1B | $12.2B | $8.76B | $5.09B | $2.87B | $4.72B | $7.56B | $10B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $9.39B | $7.54B | $10.8B | $11.7B | $20B | $21.7B | $24B | $22.1B | $20.8B | $22.6B | |
| Net debt (debt - cash) | $9.25B | $7.42B | $10.5B | $11.5B | $16.3B | $19B | $22.1B | $21.6B | $20.4B | $21.8B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01