Stock Analysis on Net

Royal Caribbean Cruises Ltd. (NYSE:RCL)

This company has been moved to the archive! The financial data has not been updated since July 29, 2022.

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Royal Caribbean Cruises Ltd., liquidity ratios (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Current ratio 0.30 0.40 0.49 0.79 1.07 1.70 0.95 0.76 0.99 0.51 0.15 0.17 0.17 0.16 0.17 0.19 0.20 0.20 0.18 0.16 0.15 0.14
Quick ratio 0.23 0.31 0.43 0.70 0.98 1.60 0.87 0.69 0.92 0.46 0.07 0.09 0.08 0.08 0.09 0.09 0.08 0.10 0.09 0.08 0.07 0.08
Cash ratio 0.18 0.25 0.37 0.63 0.91 1.54 0.81 0.65 0.88 0.43 0.03 0.04 0.03 0.03 0.04 0.04 0.02 0.02 0.03 0.03 0.02 0.02

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Royal Caribbean Cruises Ltd. current ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Royal Caribbean Cruises Ltd. quick ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Royal Caribbean Cruises Ltd. cash ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Current Ratio

Royal Caribbean Cruises Ltd., current ratio calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Current assets 3,560,888 3,176,939 3,600,271 4,167,381 5,009,230 5,649,969 4,311,747 3,531,795 4,684,440 4,594,201 1,162,628 1,203,957 1,282,967 1,333,122 1,242,044 1,359,000 1,099,896 1,034,526 843,028 798,152 767,641 756,689
Current liabilities 11,719,382 8,007,164 7,285,683 5,242,920 4,679,715 3,314,830 4,537,121 4,625,465 4,736,908 8,982,370 7,952,896 7,113,534 7,586,140 8,105,943 7,112,165 7,072,942 5,502,350 5,195,154 4,790,264 5,057,112 5,285,953 5,271,742
Liquidity Ratio
Current ratio1 0.30 0.40 0.49 0.79 1.07 1.70 0.95 0.76 0.99 0.51 0.15 0.17 0.17 0.16 0.17 0.19 0.20 0.20 0.18 0.16 0.15 0.14
Benchmarks
Current Ratio, Competitors2
Airbnb Inc. 1.58 1.61 1.95 1.86 1.48 1.66
Booking Holdings Inc. 1.45 1.72 2.10 2.48 2.05 2.18 3.56 3.17 2.93 2.24 1.83 1.82 1.58 1.27
Chipotle Mexican Grill Inc. 1.26 1.32 1.58 1.78 1.73 1.75 1.73 1.51 1.59 1.62 1.61 1.51 1.52 1.44
McDonald’s Corp. 1.41 1.10 1.78 1.33 1.45 1.19 1.01 1.07 0.91 1.90 0.98 0.84 1.21 1.47
Starbucks Corp. 0.83 0.81 1.20 1.02 1.07 1.06 1.06 0.95 0.70 0.68 0.92 1.31 0.94 1.41

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,560,888 ÷ 11,719,382 = 0.30

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Royal Caribbean Cruises Ltd. current ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Quick Ratio

Royal Caribbean Cruises Ltd., quick ratio calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 2,102,205 1,968,504 2,701,770 3,289,326 4,250,369 5,091,463 3,684,474 3,016,788 4,146,691 3,890,811 243,738 276,730 235,001 248,197 287,852 254,821 108,998 111,245 120,112 139,950 130,477 109,309
Trade and other receivables, net of allowances 565,014 506,160 408,067 397,232 345,055 226,740 284,149 165,225 205,921 220,876 305,821 348,991 340,921 374,982 324,507 385,297 355,729 387,862 318,641 285,332 263,992 292,975
Total quick assets 2,667,219 2,474,664 3,109,837 3,686,558 4,595,424 5,318,203 3,968,623 3,182,013 4,352,612 4,111,687 549,559 625,721 575,922 623,179 612,359 640,118 464,727 499,107 438,753 425,282 394,469 402,284
 
Current liabilities 11,719,382 8,007,164 7,285,683 5,242,920 4,679,715 3,314,830 4,537,121 4,625,465 4,736,908 8,982,370 7,952,896 7,113,534 7,586,140 8,105,943 7,112,165 7,072,942 5,502,350 5,195,154 4,790,264 5,057,112 5,285,953 5,271,742
Liquidity Ratio
Quick ratio1 0.23 0.31 0.43 0.70 0.98 1.60 0.87 0.69 0.92 0.46 0.07 0.09 0.08 0.08 0.09 0.09 0.08 0.10 0.09 0.08 0.07 0.08
Benchmarks
Quick Ratio, Competitors2
Airbnb Inc. 1.56 1.59 1.92 1.83 1.46 1.63
Booking Holdings Inc. 1.37 1.63 2.00 2.28 1.86 1.97 3.24 3.04 2.81 1.70 1.49 1.49 1.14 0.69
Chipotle Mexican Grill Inc. 1.02 1.13 1.35 1.29 1.28 1.35 1.28 1.34 1.35 1.42 1.44 1.36 1.40 1.35
McDonald’s Corp. 1.07 0.95 1.64 1.20 1.23 1.04 0.90 0.97 0.84 1.77 0.86 0.74 0.98 1.27
Starbucks Corp. 0.55 0.57 0.93 0.75 0.75 0.78 0.75 0.63 0.43 0.46 0.59 0.95 0.54 1.05

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,667,219 ÷ 11,719,382 = 0.23

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Royal Caribbean Cruises Ltd. quick ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Cash Ratio

Royal Caribbean Cruises Ltd., cash ratio calculation (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 2,102,205 1,968,504 2,701,770 3,289,326 4,250,369 5,091,463 3,684,474 3,016,788 4,146,691 3,890,811 243,738 276,730 235,001 248,197 287,852 254,821 108,998 111,245 120,112 139,950 130,477 109,309
Total cash assets 2,102,205 1,968,504 2,701,770 3,289,326 4,250,369 5,091,463 3,684,474 3,016,788 4,146,691 3,890,811 243,738 276,730 235,001 248,197 287,852 254,821 108,998 111,245 120,112 139,950 130,477 109,309
 
Current liabilities 11,719,382 8,007,164 7,285,683 5,242,920 4,679,715 3,314,830 4,537,121 4,625,465 4,736,908 8,982,370 7,952,896 7,113,534 7,586,140 8,105,943 7,112,165 7,072,942 5,502,350 5,195,154 4,790,264 5,057,112 5,285,953 5,271,742
Liquidity Ratio
Cash ratio1 0.18 0.25 0.37 0.63 0.91 1.54 0.81 0.65 0.88 0.43 0.03 0.04 0.03 0.03 0.04 0.04 0.02 0.02 0.03 0.03 0.02 0.02
Benchmarks
Cash Ratio, Competitors2
Airbnb Inc. 0.88 0.95 1.31 1.21 0.78 1.00
Booking Holdings Inc. 1.15 1.41 1.78 2.01 1.67 1.88 3.08 2.82 2.66 1.54 1.18 1.17 0.83 0.42
Chipotle Mexican Grill Inc. 0.92 1.03 1.23 1.20 1.19 1.27 1.16 1.25 1.25 1.32 1.32 1.29 1.31 1.26
McDonald’s Corp. 0.54 0.55 1.17 0.85 0.77 0.66 0.56 0.59 0.45 1.35 0.25 0.28 0.35 0.68
Starbucks Corp. 0.44 0.45 0.81 0.63 0.62 0.67 0.63 0.52 0.32 0.36 0.45 0.82 0.40 0.92

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q2 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,102,205 ÷ 11,719,382 = 0.18

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Royal Caribbean Cruises Ltd. cash ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.