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 asset allocation strategy of Norwegian Cruise Line Holdings Ltd to assess the company's strategic physical and investment asset allocation.
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. See Norwegian Cruise Line Holdings Ltd (NCLH) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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. For the full company profile including market capitalisation, see how much is Norwegian Cruise Line Holdings Ltd worth.
| 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 | — |