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

Norwegian Cruise Line Holdings' (NCLH) quarterly Debt Ratio came in at 0.64 in Q1 2026, down 2.81% year-on-year from 0.66 in Q1 2025, and down 1.71% quarter-over-quarter from 0.65 in Q4 2025.

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

Norwegian Cruise Line Holdings has disclosed Debt Ratio across 15 years of filings, most recently posting 0.64 for Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.64, down 2.81% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.64 (down 2.81% YoY), and the FY2025 annual result was 0.65, down 1.23% from the prior year.
  • Debt Ratio came in at 0.64 for Q1 2026 at Norwegian Cruise Line Holdings, down 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.
  • The 5-year median for Debt Ratio is 0.69 (2022), against an average of 0.69.
  • Across the five-year window, Debt Ratio rose 10.76% in 2022 and slipped 9.04% in 2024, its largest moves.
  • Norwegian Cruise Line Holdings' Debt Ratio stood at 0.73 in 2022, then slipped by 1.74% to 0.72 in 2023, then declined by 9.04% to 0.66 in 2024, then dropped by 1.23% to 0.65 in 2025, then dropped by 1.71% to 0.64 in 2026.
  • The last three Debt Ratio figures came in at 0.64 (Q1 2026), 0.65 (Q4 2025), and 0.65 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 0.66
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 0.09
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 0.47
4 Carnival 37.80 Bn 36.39 Bn - 0.49
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 0.17
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 0.64
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.30
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 0.12
10 MakeMyTrip 2.12 Bn 1.35 Bn - 0.80

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