Norwegian Cruise Line Holdings Ltd (NCLH) — Cash Flow-to-Debt Ratio
Norwegian Cruise Line Holdings Ltd (NCLH) has a Cash Flow-to-Debt Ratio of 0.04x as of March 2026, meaning its operating cash flow of $811.45 Million could theoretically repay 0% of its total liabilities ($21.36 Billion) in one year. See NCLH free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Norwegian Cruise Line Holdings Ltd Cash Flow-to-Debt Ratio (2004–2025)
Historical debt coverage capacity for Norwegian Cruise Line Holdings Ltd across 22 annual periods. Also explore Norwegian Cruise Line Holdings Ltd annual equity growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Norwegian Cruise Line Holdings Ltd (2004–2025)
Year-by-year debt coverage analysis for Norwegian Cruise Line Holdings Ltd. For market capitalisation and broader financial context, see Norwegian Cruise Line Holdings Ltd (NCLH) total market value.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.10x | $2.09 Billion | $20.33 Billion | ▼ -7.0% |
| 2024 | 0.11x | $2.05 Billion | $18.54 Billion | ▲ +5.8% |
| 2023 | 0.10x | $2.01 Billion | $19.19 Billion | ▲ +820.0% |
| 2022 | 0.01x | $210.02 Million | $18.49 Billion | ▲ +107.5% |
| 2021 | -0.15x | $-2.47 Billion | $16.30 Billion | ▲ +16.8% |
| 2020 | -0.18x | $-2.56 Billion | $14.05 Billion | ▼ -201.5% |
| 2019 | 0.18x | $1.82 Billion | $10.17 Billion | ▼ -20.2% |
| 2018 | 0.22x | $2.08 Billion | $9.24 Billion | ▲ +18.2% |
| 2017 | 0.19x | $1.59 Billion | $8.35 Billion | ▲ +29.3% |
| 2016 | 0.15x | $1.24 Billion | $8.44 Billion | ▲ +19.4% |
| 2015 | 0.12x | $1.04 Billion | $8.48 Billion | ▲ +56.1% |
| 2014 | 0.08x | $635.60 Million | $8.06 Billion | ▼ -33.3% |
| 2013 | 0.12x | $475.28 Million | $4.02 Billion | ▲ +16.3% |
| 2012 | 0.10x | $398.59 Million | $3.92 Billion | ▲ +5.9% |
| 2011 | 0.10x | $356.99 Million | $3.72 Billion | ▼ -12.2% |
| 2010 | 0.11x | $418.95 Million | $3.83 Billion | ▲ +569.6% |
| 2009 | 0.02x | $50.73 Million | $3.11 Billion | ▲ +345.1% |
| 2008 | -0.01x | $-23.30 Million | $3.50 Billion | ▼ -169.6% |
| 2007 | 0.01x | $36.33 Million | $3.80 Billion | ▼ -79.4% |
| 2006 | 0.05x | $147.50 Million | $3.17 Billion | ▼ -10.1% |
| 2005 | 0.05x | $134.69 Million | $2.60 Billion | ▼ -25.4% |
| 2004 | 0.07x | $146.33 Million | $2.11 Billion | — |