Norwegian Cruise Line Holdings Ltd (NCLH) — Cash Flow Quality Index
Norwegian Cruise Line Holdings Ltd (NCLH) has a Cash Flow Quality Index of 7.75x as of March 2026. Operating cash flow of $811.45 Million exceeds net income of $104.67 Million, indicating high earnings quality where cash backs reported profits. Explore Norwegian Cruise Line Holdings Ltd debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Norwegian Cruise Line Holdings Ltd Cash Flow Quality Index (2005–2025)
Historical Cash Flow Quality Index for Norwegian Cruise Line Holdings Ltd across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see NCLH cash flow metrics.
Annual Cash Flow Quality Index for Norwegian Cruise Line Holdings Ltd (2005–2025)
Year-by-year earnings quality comparison for Norwegian Cruise Line Holdings Ltd.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 4.94x | $2.09 Billion | $423.25 Million | ▲ +119.3% |
| 2024 | 2.25x | $2.05 Billion | $910.26 Million | ▼ -81.3% |
| 2023 | 12.07x | $2.01 Billion | $166.18 Million | ▲ +516.0% |
| 2019 | 1.96x | $1.82 Billion | $930.23 Million | ▼ -9.8% |
| 2018 | 2.17x | $2.08 Billion | $954.84 Million | ▲ +4.1% |
| 2017 | 2.09x | $1.59 Billion | $759.87 Million | ▲ +6.6% |
| 2016 | 1.96x | $1.24 Billion | $633.09 Million | ▼ -19.9% |
| 2015 | 2.44x | $1.04 Billion | $427.14 Million | ▲ +31.7% |
| 2014 | 1.86x | $635.60 Million | $342.60 Million | ▼ -59.8% |
| 2013 | 4.62x | $475.28 Million | $102.89 Million | ▲ +95.3% |
| 2012 | 2.36x | $398.59 Million | $168.56 Million | ▼ -16.0% |
| 2011 | 2.81x | $356.99 Million | $126.86 Million | ▼ -84.8% |
| 2010 | 18.52x | $418.95 Million | $22.62 Million | ▲ +2355.1% |
| 2009 | 0.75x | $50.73 Million | $67.23 Million | ▼ -89.3% |
| 2005 | 7.03x | $134.69 Million | $19.16 Million | — |