Royal Caribbean Group
1.32 %
51.21 %
Yet to be announced
Company Overview
Royal Caribbean Cruises Ltd. operates under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands. The company was founded in 1968 and is headquartered in Miami, Florida.
Revenue Sources
FailBased on the company's financial statements and business model, Royal Caribbean's primary revenue comes from cruise vacation packages, including ticket sales, onboard spending, and related services. While their ships do include casinos and serve alcohol, these represent ancillary services rather than core revenue streams. However, without detailed segment reporting, we cannot precisely determine the percentage of revenue derived from these haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $4.0b | $3.3b | - | $249.0m | 0.00% | 7.54% |
| Dec. 31, 2024 | $3.76b | $3.4b | - | $265.0m | 0.00% | 7.79% |
| Sept. 30, 2024 | $4.89b | $3.85b | - | $603.0m | 0.00% | 15.64% |
| June 30, 2024 | $4.11b | $3.31b | - | $298.0m | 0.00% | 9.01% |
Looking at the last four quarters, interest expenses have been significant relative to total expenses. The company maintains substantial debt to finance its fleet of cruise ships, and interest expenses consistently represent a material portion of total expenses, exceeding our comfort threshold in all analyzed quarters.
Operational Ethics
PassWhile Royal Caribbean operates globally and has business relationships in many countries, there is no evidence of significant ongoing associations with the state of Israel or direct collaboration with the Chinese Communist Party that would raise concerns from a human rights perspective.
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