Norwegian Cruise Line Holdings Ltd (NCLH) — Financial Flexibility Index
Norwegian Cruise Line Holdings Ltd (NCLH) has a Financial Flexibility Index of 0.11x as of March 2026. Free cash flow of $2.25 Billion (operating CF $811.45 Million minus capex $1.44 Billion) represents 0% of total liabilities ($21.36 Billion). Check cash flow reinvestment rate of Norwegian Cruise Line Holdings Ltd to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Norwegian Cruise Line Holdings Ltd Financial Flexibility Index (2004–2025)
Historical Financial Flexibility Index trend for Norwegian Cruise Line Holdings Ltd across 22 annual periods. For the full cash flow conversion analysis, see Norwegian Cruise Line Holdings Ltd (NCLH) cash flow conversion.
Annual Financial Flexibility Index for Norwegian Cruise Line Holdings Ltd (2004–2025)
Year-by-year free cash flow to debt coverage for Norwegian Cruise Line Holdings Ltd. Explore how well can Norwegian Cruise Line Holdings Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.26x | $5.35 Billion | $2.09 Billion | $20.33 Billion | ▲ +49.6% |
| 2024 | 0.18x | $3.26 Billion | $2.05 Billion | $18.54 Billion | ▼ -29.0% |
| 2023 | 0.25x | $4.76 Billion | $2.01 Billion | $19.19 Billion | ▲ +129.8% |
| 2022 | 0.11x | $1.99 Billion | $210.02 Million | $18.49 Billion | ▲ +202.5% |
| 2021 | -0.11x | $-1.72 Billion | $-2.47 Billion | $16.30 Billion | ▲ +8.2% |
| 2020 | -0.11x | $-1.61 Billion | $-2.56 Billion | $14.05 Billion | ▼ -133.7% |
| 2019 | 0.34x | $3.46 Billion | $1.82 Billion | $10.17 Billion | ▼ -13.7% |
| 2018 | 0.39x | $3.64 Billion | $2.08 Billion | $9.24 Billion | ▲ +11.2% |
| 2017 | 0.35x | $2.96 Billion | $1.59 Billion | $8.35 Billion | ▲ +28.2% |
| 2016 | 0.28x | $2.33 Billion | $1.24 Billion | $8.44 Billion | ▲ +8.1% |
| 2015 | 0.26x | $2.17 Billion | $1.04 Billion | $8.48 Billion | ▲ +22.2% |
| 2014 | 0.21x | $1.69 Billion | $635.60 Million | $8.06 Billion | ▼ -38.6% |
| 2013 | 0.34x | $1.37 Billion | $475.28 Million | $4.02 Billion | ▲ +90.2% |
| 2012 | 0.18x | $702.43 Million | $398.59 Million | $3.92 Billion | ▲ +23.0% |
| 2011 | 0.15x | $541.79 Million | $356.99 Million | $3.72 Billion | ▼ -60.0% |
| 2010 | 0.36x | $1.40 Billion | $418.95 Million | $3.83 Billion | ▲ +432.6% |
| 2009 | 0.07x | $212.56 Million | $50.73 Million | $3.11 Billion | ▲ +70.5% |
| 2008 | 0.04x | $140.31 Million | $-23.30 Million | $3.50 Billion | ▼ -75.4% |
| 2007 | 0.16x | $619.17 Million | $36.33 Million | $3.80 Billion | ▼ -45.9% |
| 2006 | 0.30x | $956.91 Million | $147.50 Million | $3.17 Billion | ▼ -0.8% |
| 2005 | 0.30x | $791.35 Million | $134.69 Million | $2.60 Billion | ▼ -27.7% |
| 2004 | 0.42x | $887.17 Million | $146.33 Million | $2.11 Billion | — |