Norwegian Cruise Line Holdings (NCLH) Debt/Equity Ratio: History & Chart

Norwegian Cruise Line Holdings Ltd. (NCLH)NCLHNorwegian Cruise Line Holdings Ltd.

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. NCLH offers an extensive range of voyages, from brief three-day excursions to lengthy 180-day expeditions. These itineraries explore a comprehensive list of destinations worldwide, including Scandinavia, Russia, the Mediterranean, and the Greek Isles; the Alaskan wilderness, Canada and New England; Hawaii, Asia, Tahiti, and the South Pacific; Australia and New Zealand; Africa, India, and South America; as well as the Panama Canal and the Caribbean. As of December 31, 2021, the company commanded a fleet of 28 ships, providing approximately 59,150 berths for guests. Its travel products are distributed through multiple channels, including independent retail/travel advisors, direct sales onboard its ships, and specialized services for meetings, incentives, and private charters. Founded in 1966, Norwegian Cruise Line Holdings Ltd. maintains its corporate headquarters in Miami, Florida.

Miami, FL

44,500 employees

www.nclhltd.com

Consumer Cyclical / Travel Services

Sector: Consumer Cyclical
Industry: Travel Services
CEO: John W. Chidsey

View full financials

NCLH Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

5.84

DEBT TO EQUITY RATIO AVG TTM

7.00

DEBT TO EQUITY RATIO AVG 3Y

16.80

DEBT TO EQUITY RATIO AVG 5Y

15.15

DEBT TO EQUITY RATIO AVG 10Y

4.48

DEBT TO EQUITY RATIO AVG 15Y

2.84

DEBT TO EQUITY RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

-16.47%

CURRENT VS 3Y AVG

-65.21%

CURRENT VS 5Y AVG

-61.44%

CURRENT VS 10Y AVG

+30.52%

CURRENT VS 15Y AVG

+105.64%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · CONSUMER CYCLICAL

0.75

median of 87 covered companies

CURRENT VS SECTOR MEDIAN

+679.15%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Norwegian Cruise Line Holdings Ltd. (NCLH)	$9.32B	5.84	7.00	16.80	15.15
Aptiv PLC (APTV)vs ›	$9.95B	0.61	0.95	0.82	0.73
Chewy, Inc. (CHWY)vs ›	$9.95B	1.14	1.52	1.36	6.97
GameStop Corp. (GME)vs ›	$8.53B	0.74	0.44	0.45	0.77
Mohawk Industries, Inc. (MHK)vs ›	$8.27B	0.14	0.32	0.36	0.35
Etsy, Inc. (ETSY)vs ›	$8.15B	-2.71	2.65	2.06	1.43
Wynn Resorts, Limited (WYNN)vs ›	$10.50B	-57.41	5.34	21.24	21.24
CarMax, Inc. (KMX)vs ›	$8.04B	3.05	3.06	3.17	3.32
DraftKings Inc. (DKNG)vs ›	$10.80B	3.17	2.19	1.75	1.30
CAVA Group, Inc. (CAVA)vs ›	$7.71B	0.62	0.57	0.58	0.58

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Norwegian Cruise Line Holdings Ltd. (NCLH)

$9.32B

5.84

7.00

16.80

15.15

Aptiv PLC (APTV)vs ›

$9.95B

0.61

0.95

0.82

0.73

Chewy, Inc. (CHWY)vs ›

$9.95B

1.14

1.52

1.36

6.97

GameStop Corp. (GME)vs ›

$8.53B

0.74

0.44

0.45

0.77

Mohawk Industries, Inc. (MHK)vs ›

$8.27B

0.14

0.32

0.36

0.35

Etsy, Inc. (ETSY)vs ›

$8.15B

-2.71

2.65

2.06

1.43

Wynn Resorts, Limited (WYNN)vs ›

$10.50B

-57.41

5.34

21.24

CarMax, Inc. (KMX)vs ›

$8.04B

3.05

3.06

3.17

3.32

DraftKings Inc. (DKNG)vs ›

$10.80B

3.17

2.19

1.75

1.30

CAVA Group, Inc. (CAVA)vs ›

$7.71B

0.62

0.57

0.58

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Norwegian Cruise Line Holdings Ltd. (NCLH)?

The debt to equity ratio for NCLH stock is 5.84.

Is Norwegian Cruise Line Holdings Ltd.'s debt to equity ratio high or low?

The debt to equity ratio of 5.84 is 90% below its 5-year average of 59.21, near the low end of its 5-year range (-131.90–903.85).

What is the TTM average debt to equity ratio for Norwegian Cruise Line Holdings Ltd. (NCLH)?

The TTM average debt to equity ratio for NCLH stock is 7.00.

What is the 3Y average debt to equity ratio for Norwegian Cruise Line Holdings Ltd. (NCLH)?

The 3Y average debt to equity ratio for NCLH stock is 16.80.

What is the 5Y average debt to equity ratio for Norwegian Cruise Line Holdings Ltd. (NCLH)?

The 5Y average debt to equity ratio for NCLH stock is 15.15.

What is the 10Y average debt to equity ratio for Norwegian Cruise Line Holdings Ltd. (NCLH)?

The 10Y average debt to equity ratio for NCLH stock is 4.48.

What is the 15Y average debt to equity ratio for Norwegian Cruise Line Holdings Ltd. (NCLH)?

The 15Y average debt to equity ratio for NCLH stock is 2.84.

DATE	DEBT TO EQUITY RATIO
2026-06-30	5.84
2026-03-31	6.23
2025-12-31	6.61
2025-09-30	7.00
2025-06-30	9.30
2025-03-31	9.88
2024-12-31	9.19
2024-09-30	11.81
2024-06-30	19.39
2024-03-31	37.97
2023-12-31	46.74
2023-09-30	31.63
2023-06-30	903.85
2023-03-31	-131.90
2022-12-31	198.59
2022-09-30	34.78
2022-06-30	14.69
2022-03-31	9.00
2021-12-31	5.12
2021-09-30	4.30
2021-06-30	3.30
2021-03-31	2.79
2020-12-31	2.71
2020-09-30	2.68
2020-06-30	2.39
2020-03-31	1.97
2019-12-31	1.04
2019-09-30	1.00
2019-06-30	1.03
2019-03-31	1.11
2018-12-31	1.09
2018-09-30	1.06
2018-06-30	1.20
2018-03-31	1.13
2017-12-31	1.10
2017-09-30	1.19
2017-06-30	1.34
2017-03-31	1.34
2016-12-31	1.41
2016-09-30	1.41
2016-06-30	1.59
2016-03-31	1.60
2015-12-31	1.69
2015-09-30	1.45
2015-06-30	1.54
2015-03-31	1.71
2014-12-31	1.73
2014-09-30	1.21
2014-06-30	1.31
2014-03-31	1.39
2013-12-31	1.20
2013-09-30	1.22
2013-06-30	1.36
2013-03-31	1.11
2012-12-31	1.48
2012-09-30	1.45
2012-06-30	1.61
2012-03-31	1.56
2011-12-31	1.65
2011-09-30	1.62
2011-06-30	1.74
2011-03-31	1.77
2010-12-31	1.85
2010-09-30	1.73
2010-06-30	1.91
2010-03-31	1.47
2009-12-31	1.50
2009-09-30	0.00
2009-06-30	0.00
2009-03-31	0.00

DATE

DEBT TO EQUITY RATIO

2026-06-30

5.84

2026-03-31

6.23

2025-12-31

6.61

2025-09-30

7.00

2025-06-30

9.30

2025-03-31

9.88

2024-12-31

9.19

2024-09-30

11.81

2024-06-30

19.39

2024-03-31

37.97

2023-12-31

46.74

2023-09-30

31.63

2023-06-30

903.85

2023-03-31

-131.90

2022-12-31

198.59

2022-09-30

34.78

2022-06-30

14.69

2022-03-31

9.00

2021-12-31

5.12

2021-09-30

4.30

2021-06-30

3.30

2021-03-31

2.79

2020-12-31

2.71

2020-09-30

2.68

2020-06-30

2.39

2020-03-31

1.97

2019-12-31

1.04

2019-09-30

1.00

2019-06-30

1.03

2019-03-31

1.11

2018-12-31

1.09

2018-09-30

1.06

2018-06-30

1.20

2018-03-31

1.13

2017-12-31

1.10

2017-09-30

1.19

2017-06-30

1.34

2017-03-31

1.34

2016-12-31

1.41

2016-09-30

1.41

2016-06-30

1.59

2016-03-31

1.60

2015-12-31

1.69

2015-09-30

1.45

2015-06-30

1.54

2015-03-31

1.71

2014-12-31

1.73

2014-09-30

1.21

2014-06-30

1.31

2014-03-31

1.39

2013-12-31

1.20

2013-09-30

1.22

2013-06-30

1.36

2013-03-31

1.11

2012-12-31

1.48

2012-09-30

1.45

2012-06-30

1.61

2012-03-31

1.56

2011-12-31

1.65

2011-09-30

1.62

2011-06-30

1.74

2011-03-31

1.77

2010-12-31

1.85

2010-09-30

1.73

2010-06-30

1.91

2010-03-31

1.47

2009-12-31

1.50

2009-09-30

0.00

2009-06-30

0.00

2009-03-31

0.00

Debt to Equity Ratio: 5.84

NCLH Debt to Equity Ratio

NCLH Average Debt to Equity Ratio Chart

NCLH Current vs Average Debt to Equity Ratio Chart

NCLH Debt to Equity Ratio Metrics

NCLH Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

NCLH Debt to Equity Ratio History

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