Norwegian Cruise Line Holdings (NCLH) Debt Ratio (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly Debt Ratio came in at 0.63 in Q2 2026, down 1.75% year-over-year from 0.64 in Q2 2025, and down 1.69% quarter-over-quarter from 0.64 in Q1 2026.
Analysis
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 0.63 for Q2 2026.
- In Q2 2026, Debt Ratio fell 1.75% year-over-year to 0.63; the TTM figure through Jun 2026 stood at 0.63 (down 1.75% YoY), while the FY2025 annual figure was 0.65, down 1.23% from the prior year.
- Debt Ratio came in at 0.63 for Q2 2026 at Norwegian Cruise Line Holdings, down from 0.64 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 0.63 in Q2 2026.
- Average Debt Ratio over 5 years is 0.68, with a median of 0.69 recorded in 2022.
- Year-over-year, Debt Ratio gained 10.76% in 2022 and dropped 9.04% in 2024.
- Over 5 years, 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 retreated by 3.37% to 0.63 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.63 in Q2 2026, 0.64 in Q1 2026, and 0.65 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 0.51 |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 0.43 |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 0.52 |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 0.63 |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 0.64 |
Historic Data
Download Data
Historic 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 |