Norwegian Cruise Line Holdings (NCLH) Debt Ratio (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Debt Ratio of 0.64 for Q1 2026, down 1.71% sequentially from 0.65 in Q4 2025, and down 2.81% YoY from 0.66 in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Debt Ratio (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Debt Ratio for 15 years, with the latest figure at 0.64 in Q1 2026.
- Quarterly Debt Ratio fell 2.81% year-over-year to 0.64 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.64 (down 2.81% YoY) and the FY2025 annual result came in at 0.65, down 1.23% from the prior year.
- Debt Ratio retreated to 0.64 in Q1 2026 per NCLH's latest filing, from 0.65 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.73 in Q4 2022 and troughed at 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.
- The sharpest annual moves came in 2022 and 2024: Debt Ratio advanced 10.76% in 2022, then declined 9.04% in 2024.
- Over 5 years, Debt Ratio stood at 0.73 in 2022, then declined by 1.74% to 0.72 in 2023, then retreated by 9.04% to 0.66 in 2024, then fell by 1.23% to 0.65 in 2025, then fell by 1.71% to 0.64 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.64, 0.65, and 0.65 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.69 Bn | 140.47 Bn | 4.98 Bn | 0.68 |
| 2 | Airbnb | 106.27 Bn | 94.20 Bn | 2.98 Bn | 0.09 |
| 3 | Royal Caribbean Cruises | 80.62 Bn | 79.70 Bn | 2.29 Bn | 0.51 |
| 4 | Viking Holdings | 44.61 Bn | 40.81 Bn | 713.43 Mn | 0.45 |
| 5 | Expedia | 38.52 Bn | 31.39 Bn | 3.91 Bn | 0.19 |
| 6 | Carnival | 38.14 Bn | 35.89 Bn | - | 0.48 |
| 7 | Trip.com | 29.07 Bn | 17.37 Bn | 1.86 Bn | 0.12 |
| 8 | Norwegian Cruise Line Holdings | 8.38 Bn | 8.16 Bn | 1.05 Bn | 0.63 |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 0.80 |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 0.31 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.63 |
| 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 |