Norwegian Cruise Line Holdings Ltd Capital Reinvestment Ratio
Norwegian Cruise Line Holdings Ltd 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 NCLH cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Norwegian Cruise Line Holdings Ltd (2004–2025)
Capital reinvestment ratio of Norwegian Cruise Line Holdings Ltd from 2004 to 2025. This chart tracks Norwegian Cruise Line Holdings Ltd's Capital Reinvestment Ratio across 19 annual periods. See Norwegian Cruise Line Holdings Ltd financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Norwegian Cruise Line Holdings Ltd Capital Reinvestment Ratio by Year (2004–2025)
Norwegian Cruise Line Holdings Ltd capital reinvestment ratio by year from 2004 to 2025. For the full cash flow conversion analysis, see cash flow conversion of Norwegian Cruise Line Holdings Ltd.
| 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 | — |