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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Norwegian Cruise Line Holdings (NCLH) Debt to Equity (2016 - 2025)

Norwegian Cruise Line Holdings' Debt to Equity history spans 14 years, with the latest figure at $6.61 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 28.08% year-over-year to $6.61; the TTM value through Dec 2025 reached $6.61, down 28.08%, while the annual FY2025 figure was $6.61, 28.08% down from the prior year.
  • Debt to Equity for Q4 2025 was $6.61 at Norwegian Cruise Line Holdings, roughly flat from $6.62 in the prior quarter.
  • Across five years, Debt to Equity topped out at $861.99 in Q2 2023 and bottomed at -$131.9 in Q1 2023.
  • The 5-year median for Debt to Equity is $9.53 (2024), against an average of $59.56.
  • The largest YoY upside for Debt to Equity was 5769.23% in 2023 against a maximum downside of 1565.07% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $5.12 in 2021, then skyrocketed by 3781.4% to $198.59 in 2022, then tumbled by 76.47% to $46.74 in 2023, then tumbled by 80.34% to $9.19 in 2024, then dropped by 28.08% to $6.61 in 2025.
  • Per Business Quant, the three most recent readings for NCLH's Debt to Equity are $6.61 (Q4 2025), $6.62 (Q3 2025), and $8.77 (Q2 2025).