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| Date | Value |
|---|---|
| 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 |