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. See NCLH cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see NCLH cash flow metrics.
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. See financial flexibility index of Norwegian Cruise Line Holdings Ltd to measure the company's free cash flow as a share of total liabilities.
| 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 | — |