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. Explore NCLH capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore Norwegian Cruise Line Holdings Ltd (NCLH) total assets for the complete picture of this company's asset base.
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 Norwegian Cruise Line Holdings Ltd market capitalisation.
| 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 | — |