From Exxon to Royal Caribbean Cruises, U.S. companies rush to hoard cash [Reuters]
D/B/A Royal Caribbean Cruises Ltd. (RCL)
Last d/b/a royal caribbean cruises ltd. earnings: 2/4 08:00 am
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Source: Reuters
From Exxon to Royal Caribbean Cruises, U.S. companies rush to hoard cash NEW YORK (Reuters) - Corporate America is gearing up for leaner times. From Exxon Mobil Corp ( XOM.N ) to Royal Caribbean Cruises Ltd ( RCL.N ), companies rushed to borrow more money and boost their cash coffers on Tuesday, as the market turmoil fueled by a plunge in oil prices and the global coronavirus outbreak raised the prospect of an economic downturn. “It’s companies loading up on cash when you can get it. They are effectively building up that war chest,” said Jeremy Swan, managing principal at accounting and tax advisory firm CohnReznick LLP. Royal Caribbean said on Tuesday it increased its credit capacity by $550 million to boost liquidity. The company’s stock plunged this month, amid concerns that the coronavirus outbreak would curtail travel. “These are extraordinary times and we are taking these steps to manage the company prudently and conservatively,” Royal Caribbean Cruises Chairman and Chief Ex
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News
- Royal Caribbean (RCL) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- FBI investigates passenger's death on L.A.-docked Royal Caribbean cruise ship [Los Angeles Times (CA)]Los Angeles Times
- RCL Stock Soars 77% YTD: Smooth Sailing or Choppy Waters Ahead? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Royal Caribbean Cruises (NYSE:RCL) pulls back 6.5% this week, but still delivers shareholders stellar 43% CAGR over 3 years [Yahoo! Finance]Yahoo! Finance
- Royal Caribbean passenger dies soon after being detained for chaotic incident caught on video [FOX News]FOX News
RCL
Earnings
- 7/25/24 - Beat
RCL
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- RCL's page on the SEC website