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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 (NCLH) has disclosed Debt to Equity for 14 consecutive years, with $6.61 as the latest value for Q4 2025.

  • Quarterly Debt to Equity fell 28.08% to $6.61 in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $6.61 through Dec 2025, down 28.08% year-over-year, with the annual reading at $6.61 for FY2025, 28.08% down from the prior year.
  • Debt to Equity hit $6.61 in Q4 2025 for Norwegian Cruise Line Holdings, roughly flat from $6.62 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.
  • Historically, Debt to Equity has averaged $59.56 across 5 years, with a median of $9.53 in 2024.
  • Biggest YoY gain for Debt to Equity was 5769.23% in 2023; the steepest drop was 1565.07% in 2023.
  • Year by year, Debt to Equity stood at $5.12 in 2021, then surged by 3781.4% to $198.59 in 2022, then crashed by 76.47% to $46.74 in 2023, then crashed by 80.34% to $9.19 in 2024, then decreased by 28.08% to $6.61 in 2025.
  • Business Quant data shows Debt to Equity for NCLH at $6.61 in Q4 2025, $6.62 in Q3 2025, and $8.77 in Q2 2025.