RCL has a Current Ratio of just 0.369. I don't know that I've ever seen a current ratio that low. The numbers [stated in 000's] are troublesome. Adding Accounts Payable ($1,061,473) to Short Term Debt/Current LT Debt ($644,232) suggests that RCL owes its creditors $1,705,705. However, it seems to have only the wherewithal to repay 39% of that, obtained from adding Cask/Cash Equivalents of $402,878 to Net Receivables of $271,287. Here's another troublesome number. Total liabilities are roughly $9.7 billion. But offsetting-assets mainly consist of Property/Plant/Equipment, valued at $13.9 billion. Who determined the value of those assets? If most are boats --ships for you fussy types-- then their market value isn't much more than the current price of scrap metal. A cruise ship is a floating hotel with not much use for any other purpose. Above desks, some of them are kept in fairly good condition: lots of fresh paint, etc. But below decks is another story, and machinery isn't well-maintained. I'd love to buy their 7.50's of '27. But the financial statement numbers are scary.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra