Norwegian Cruise Line Holdings Ltd (NCLH) — Capital Reinvestment Ratio
Norwegian Cruise Line Holdings Ltd (NCLH) has a Capital Reinvestment Ratio of 1.77x as of March 2026, meaning it reinvests 2% of its operating cash flow ($811.45 Million) in capital expenditures ($1.44 Billion). See how leveraged is Norwegian Cruise Line Holdings Ltd's balance sheet to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Norwegian Cruise Line Holdings Ltd Capital Reinvestment Ratio (2004–2025)
This chart tracks Norwegian Cruise Line Holdings Ltd's Capital Reinvestment Ratio across 19 annual periods. Check NCLH cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Norwegian Cruise Line Holdings Ltd (2004–2025)
Year-by-year Capital Reinvestment Ratio for Norwegian Cruise Line Holdings Ltd from 2004 to 2025. For live market cap and broader valuation context, see NCLH company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.56x | $2.09 Billion | $3.26 Billion | ▲ +164.0% |
| 2024 | 0.59x | $2.05 Billion | $1.21 Billion | ▼ -56.9% |
| 2023 | 1.37x | $2.01 Billion | $2.75 Billion | ▼ -83.9% |
| 2022 | 8.49x | $210.02 Million | $1.78 Billion | ▲ +845.6% |
| 2019 | 0.90x | $1.82 Billion | $1.64 Billion | ▲ +19.0% |
| 2018 | 0.76x | $2.08 Billion | $1.57 Billion | ▼ -12.7% |
| 2017 | 0.87x | $1.59 Billion | $1.37 Billion | ▼ -1.8% |
| 2016 | 0.88x | $1.24 Billion | $1.09 Billion | ▼ -18.3% |
| 2015 | 1.08x | $1.04 Billion | $1.13 Billion | ▼ -34.9% |
| 2014 | 1.66x | $635.60 Million | $1.05 Billion | ▼ -12.1% |
| 2013 | 1.88x | $475.28 Million | $894.85 Million | ▲ +147.0% |
| 2012 | 0.76x | $398.59 Million | $303.84 Million | ▲ +47.3% |
| 2011 | 0.52x | $356.99 Million | $184.80 Million | ▼ -77.8% |
| 2010 | 2.33x | $418.95 Million | $977.47 Million | ▼ -26.9% |
| 2009 | 3.19x | $50.73 Million | $161.84 Million | ▼ -80.1% |
| 2007 | 16.04x | $36.33 Million | $582.84 Million | ▲ +192.4% |
| 2006 | 5.49x | $147.50 Million | $809.40 Million | ▲ +12.6% |
| 2005 | 4.88x | $134.69 Million | $656.66 Million | ▼ -3.7% |
| 2004 | 5.06x | $146.33 Million | $740.84 Million | — |