Norwegian Cruise Line Holdings (NCLH) Total Debt (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported Total Debt of $15.03 billion for Q2 2026, up 9.2% from $13.76 billion a year earlier but down 0.8% from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) Total Debt (2012 - 2026) Analysis & Trends
At the end of FY2025, Norwegian Cruise Line Holdings posted Total Debt of $14.61 billion, up 11.5% from FY2024.
- Total Debt has a five-year compound annual growth rate of 4.3% (FY2020 to FY2025).
- By year, Total Debt came in at $13.1 billion in FY2024 (-6.8%), $14.06 billion in FY2023 (+3.2%), $13.62 billion in FY2022 (+9.4%) and $12.45 billion in FY2021 (+5.4%).
- Five-year quarterly Total Debt spans a low of $12.41 billion in Q3 2021 and a high of $15.15 billion in Q1 2026.
- Year over year, Total Debt has now increased in each of the last six quarters, with growth averaging 3.9% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q3 2021 (growth of 13.4%); the low point was Q4 2024 (a decline of 6.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $15.15 billion (Q1 2026), $14.61 billion (Q4 2025) and $14.52 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 16.92 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 13.34 Bn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 22.84 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 5.94 Bn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 24.89 Bn |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | -2.09 Bn |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 3.88 Bn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 4.28 Bn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 620.63 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.57 Bn | 5.79 Bn | 1.05 Bn | 15.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.03 Bn |
| Mar 31, 2026 | 15.15 Bn |
| Dec 31, 2025 | 14.61 Bn |
| Sep 30, 2025 | 14.52 Bn |
| Jun 30, 2025 | 13.76 Bn |
| Mar 31, 2025 | 13.99 Bn |
| Dec 31, 2024 | 13.10 Bn |
| Sep 30, 2024 | 13.41 Bn |
| Jun 30, 2024 | 13.44 Bn |
| Mar 31, 2024 | 13.75 Bn |
| Dec 31, 2023 | 14.06 Bn |
| Sep 30, 2023 | 13.87 Bn |
| Jun 30, 2023 | 13.12 Bn |
| Mar 31, 2023 | 13.13 Bn |
| Dec 31, 2022 | 13.62 Bn |
| Sep 30, 2022 | 13.91 Bn |
| Jun 30, 2022 | 13.24 Bn |
| Mar 31, 2022 | 13.57 Bn |
| Dec 31, 2021 | 12.45 Bn |
| Sep 30, 2021 | 12.41 Bn |
API Access
Norwegian Cruise Line Holdings Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();