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
+4.89%
EPS
+585.7%
Free cash flow
−62.0%
Total debt
+9.24%

Quarter to June 2026, against a year earlier

17.57 0.65 −3.57%
Market cap
$8.4B
P/E
10.5×
Fwd P/E
11.1×
Dividend yield
—
F-score
5/9
Altman Z
0.38
Beneish M
−2.59
Dividend safety
n/a

Norwegian Cruise Line Holdings Ltd. (NCLH) Total debt

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Norwegian Cruise Line Holdings Ltd.'s total debt at the end of fiscal 2025 was $14.6B, up 11.5% from $13.1B in fiscal 2024. At the end of the quarter to 30 June 2026 it was $15.0B. Over the past ten years it has ranged from $6.3B (fiscal 2017) to $14.6B (fiscal 2025) — the current reading is the highest in ten years. Norwegian Cruise Line Holdings Ltd. ranks 4th of 16 Travel Services companies by total debt.

Total debt, annual

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Annual newest first

Period Total debt Change
FY2025 $14.6B 11.49%
FY2024 $13.1B (6.82%)
FY2023 $14.1B 3.21%
FY2022 $13.6B 9.44%
FY2021 $12.4B 5.42%
FY2020 $11.8B 73.58%
FY2019 $6.8B 4.77%
FY2018 $6.5B 2.92%
FY2017 $6.3B (1.42%)
FY2016 $6.4B 0.02%

Quarterly newest first

Period Total debt Change
Jun 2026 $15.0B (0.79%)
Mar 2026 $15.2B 3.76%
Dec 2025 $14.6B 0.58%
Sep 2025 $14.5B 5.51%
42 more quarters

Against its own ten years

Low $6.3B High $14.6B
Ten-year median $11.8B
Current reading's percentile 100

Total debt against peers

What Total debt is

Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.

Long Term Debt (Total) + Current Part of Debt

The full definition of Total debt →

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