Norwegian Cruise Line Holdings (NCLH) Debt to Equity (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly Debt to Equity came in at $6.23 in Q1 2026, down 36.91% year-on-year from $9.88 in Q1 2025, and down 5.7% quarter-over-quarter from $6.61 in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) Debt to Equity (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed Debt to Equity across 15 years of filings, most recently posting $6.23 for Q1 2026.
- Debt to Equity for Q1 2026 came in at $6.23, down 36.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.23 (down 36.91% YoY), and the FY2025 annual result was $6.61, down 28.08% from the prior year.
- Debt to Equity came in at $6.23 for Q1 2026 at Norwegian Cruise Line Holdings, down from $6.61 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $861.99 in Q2 2023 to a low of -$131.9 in Q1 2023.
- The 5-year median for Debt to Equity is $11.81 (2024), against an average of $69.53.
- Peak annual rise in Debt to Equity reached 5769.23% in 2023, while the deepest fall reached 1565.07% in 2023.
- Norwegian Cruise Line Holdings' Debt to Equity stood at $198.59 in 2022, then plunged by 76.47% to $46.74 in 2023, then sank by 80.34% to $9.19 in 2024, then slipped by 28.08% to $6.61 in 2025, then dropped by 5.7% to $6.23 in 2026.
- The last three Debt to Equity figures came in at $6.23 (Q1 2026), $6.61 (Q4 2025), and $6.62 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -2.11 |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 0.32 |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.01 |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 1.94 |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 2.43 |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 6.23 |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.94 |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 0.18 |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.23 |
| Dec 31, 2025 | 6.61 |
| Sep 30, 2025 | 6.62 |
| Jun 30, 2025 | 8.77 |
| Mar 31, 2025 | 9.88 |
| Dec 31, 2024 | 9.19 |
| Sep 30, 2024 | 11.81 |
| Jun 30, 2024 | 19.39 |
| Mar 31, 2024 | 37.97 |
| Dec 31, 2023 | 46.74 |
| Sep 30, 2023 | 31.63 |
| Jun 30, 2023 | 861.99 |
| Mar 31, 2023 | -131.90 |
| Dec 31, 2022 | 198.59 |
| Sep 30, 2022 | 34.78 |
| Jun 30, 2022 | 14.69 |
| Mar 31, 2022 | 9.00 |
| Dec 31, 2021 | 5.12 |
| Sep 30, 2021 | 4.30 |
| Jun 30, 2021 | 3.30 |