Norwegian Cruise Line Holdings Ltd (NCLH) — Cash Flow Reinvestment Rate
Norwegian Cruise Line Holdings Ltd (NCLH) has a Cash Flow Reinvestment Rate of 1.77x as of March 2026, reinvesting $1.44 Billion (capex $1.44 Billion ) from operating cash flow of $811.45 Million. Check NCLH cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Norwegian Cruise Line Holdings Ltd Cash Flow Reinvestment Rate (2004–2025)
Historical reinvestment intensity for Norwegian Cruise Line Holdings Ltd across 19 annual periods. Explore Norwegian Cruise Line Holdings Ltd (NCLH) investment intensity to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Norwegian Cruise Line Holdings Ltd (2004–2025)
Year-by-year capital reinvestment analysis for Norwegian Cruise Line Holdings Ltd. For live market cap and broader valuation context, see how much is Norwegian Cruise Line Holdings Ltd worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.56x | $3.26 Billion | $2.09 Billion | $3.26 Billion | ▲ +31.1% |
| 2024 | 1.19x | $2.44 Billion | $2.05 Billion | $1.21 Billion | ▼ -53.4% |
| 2023 | 2.55x | $5.12 Billion | $2.01 Billion | $2.75 Billion | ▼ -84.9% |
| 2022 | 16.85x | $3.54 Billion | $210.02 Million | $1.78 Billion | ▲ +1724.2% |
| 2019 | 0.92x | $1.68 Billion | $1.82 Billion | $1.64 Billion | ▲ +17.6% |
| 2018 | 0.79x | $1.63 Billion | $2.08 Billion | $1.57 Billion | ▼ -11.3% |
| 2017 | 0.89x | $1.41 Billion | $1.59 Billion | $1.37 Billion | ▼ -2.7% |
| 2016 | 0.91x | $1.13 Billion | $1.24 Billion | $1.09 Billion | ▼ -21.4% |
| 2015 | 1.16x | $1.21 Billion | $1.04 Billion | $1.13 Billion | ▼ -30.4% |
| 2014 | 1.66x | $1.06 Billion | $635.60 Million | $1.05 Billion | ▼ -11.6% |
| 2013 | 1.88x | $894.85 Million | $475.28 Million | $894.85 Million | ▲ +147.0% |
| 2012 | 0.76x | $303.84 Million | $398.59 Million | $303.84 Million | ▲ +47.3% |
| 2011 | 0.52x | $184.80 Million | $356.99 Million | $184.80 Million | ▼ -77.8% |
| 2010 | 2.33x | $977.47 Million | $418.95 Million | $977.47 Million | ▼ -26.9% |
| 2009 | 3.19x | $161.84 Million | $50.73 Million | $161.84 Million | ▼ -80.1% |
| 2007 | 16.04x | $582.84 Million | $36.33 Million | $582.84 Million | ▲ +192.4% |
| 2006 | 5.49x | $809.40 Million | $147.50 Million | $809.40 Million | ▲ +12.6% |
| 2005 | 4.88x | $656.66 Million | $134.69 Million | $656.66 Million | ▼ -3.7% |
| 2004 | 5.06x | $740.84 Million | $146.33 Million | $740.84 Million | — |