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Norwegian Cruise Line Holdings Ltd.

NCLH Consumer Cyclical Travel Services

Norwegian Cruise Line Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $9.8 billion, up 3.67% from fiscal 2024.

Revenue
+0.29%
EPS
+15.1%
Free cash flow
+85.5%
Total debt
+3.89%

Quarter to September 2026, against a year earlier

17.88 0.12 +0.68%
Market cap
$8.2B
P/E
9.8×
Fwd P/E
11.1×
Dividend yield
—
F-score
5/9
Altman Z
0.38
Beneish M
−2.59
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Norwegian Cruise Line Holdings Ltd. (NCLH) Current ratio

Alert me on Current ratio

Norwegian Cruise Line Holdings Ltd.'s current ratio at the end of the quarter to 30 September 2026 was 0.2×, up 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.1× (fiscal 2015) to 1.9× (fiscal 2020); the current reading is higher than 64% of that period. That is below the Travel Services industry median of 1.3× and below the Consumer Cyclical sector median of 1.5×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 0.2× 19.52%
FY2024 0.2× (19.68%)
FY2023 0.2× (41.30%)
FY2022 0.4× (58.14%)
FY2021 0.9× (52.39%)
FY2020 1.9× 812.52%
FY2019 0.2× 16.60%
FY2018 0.2× (16.09%)
FY2017 0.2× 17.16%
FY2016 0.2× 23.57%

Quarterly newest first

Period Current ratio Change
Sep 2026 0.2× 12.33%
Jun 2026 0.2× (4.80%)
Mar 2026 0.2× 0.77%
Dec 2025 0.2× 7.24%
43 more quarters

Against its own ten years

Low 0.1× High 1.9×
Ten-year median 0.2×
Current reading's percentile 64

Current ratio against peers

Company Current ratio
TNL Travel + Leisure Co. compare 3.2×
MMYT MakeMyTrip Limited compare 2.9×
PRSU Pursuit Attractions and Hospitality, Inc. compare 1.6×
TCOM Trip.com Group Limited Sponsored ADR compare 1.3×
VIK Viking Holdings Ltd. compare 0.8×
EXPE Expedia Group, Inc. compare 0.8×
LIND Lindblad Expeditions compare 0.8×
CCL Carnival Corporation compare 0.3×
NCLH Norwegian Cruise Line Holdings Ltd. 0.2×
Travel Services industry median 1.3×
Consumer Cyclical sector median 1.5×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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