Norwegian Cruise Line Holdings (NCLH) Debt Ratio (2012 - 2026)

Norwegian Cruise Line Holdings (NCLH) reported Debt Ratio of 0.64 for Q1 2026, down 2.81% on a YoY basis from 0.66 in Q1 2025, and down 1.71% sequentially from 0.65 in Q4 2025.

Norwegian Cruise Line Holdings (NCLH) Debt Ratio (2012 - 2026) Analysis & Trends

Norwegian Cruise Line Holdings (NCLH) has 15 years of Debt Ratio data on file, last reported at 0.64 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 2.81% year-over-year to 0.64; the trailing twelve-month figure through Mar 2026 stood at 0.64 (down 2.81% YoY), and the FY2025 full-year result was 0.65, down 1.23% from the prior year.
  • Debt Ratio retreated to 0.64 in Q1 2026, from 0.65 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.73 in Q4 2022 to a low of 0.64 in Q1 2026.
  • A 5-year average of 0.69 and a median of 0.69 in 2022 frame the typical range for Debt Ratio.
  • Across the five-year window, Debt Ratio rose 10.76% in 2022 and slipped 9.04% in 2024, its largest moves.
  • Tracing NCLH's Debt Ratio over 5 years: stood at 0.73 in 2022, then decreased by 1.74% to 0.72 in 2023, then dropped by 9.04% to 0.66 in 2024, then slipped by 1.23% to 0.65 in 2025, then slipped by 1.71% to 0.64 in 2026.
  • Business Quant data shows NCLH's Debt Ratio at 0.64 in Q1 2026, 0.65 in Q4 2025, and 0.65 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 0.66
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 0.50
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 0.09
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 0.06
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 0.45
6 Carnival 34.61 Bn 32.38 Bn - 0.48
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 0.17
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 0.64
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn -
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 0.30

Historic Data

Download Data
DateValue
Mar 31, 2026 0.64
Dec 31, 2025 0.65
Sep 30, 2025 0.65
Jun 30, 2025 0.64
Mar 31, 2025 0.66
Dec 31, 2024 0.66
Sep 30, 2024 0.68
Jun 30, 2024 0.67
Mar 31, 2024 0.69
Dec 31, 2023 0.72
Sep 30, 2023 0.72
Jun 30, 2023 0.70
Mar 31, 2023 0.72
Dec 31, 2022 0.73
Sep 30, 2022 0.73
Jun 30, 2022 0.69
Mar 31, 2022 0.70
Dec 31, 2021 0.66
Sep 30, 2021 0.66
Jun 30, 2021 0.66