Norwegian Cruise Line Holdings Ltd Working Capital to Net Assets Ratio
Norwegian Cruise Line Holdings Ltd working capital to net assets ratio. Norwegian Cruise Line Holdings Ltd (NCLH) has a Working Capital to Net Assets ratio of -201.9% as of March 2026. Working capital of $-4.91 Billion (current assets of $1.31 Billion minus current liabilities of $6.22 Billion) is measured against net assets of $2.43 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Norwegian Cruise Line Holdings Ltd (2004–2025)
Working capital to net assets ratio of Norwegian Cruise Line Holdings Ltd from 2004 to 2025. This chart shows how Norwegian Cruise Line Holdings Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of March 2026, the ratio stands at -201.9%, reflecting working capital of $-4.91 Billion against net assets of $2.43 Billion USD. Explore Norwegian Cruise Line Holdings Ltd (NCLH) investment intensity to see how much of total assets are deployed in long-term investments.
Norwegian Cruise Line Holdings Ltd Working Capital to Net Assets Ratio by Year (2004–2025)
Norwegian Cruise Line Holdings Ltd working capital to net assets ratio by year from 2004 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Norwegian Cruise Line Holdings Ltd from 2004 to 2025, covering 22 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see NCLH total asset value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -195.2% | $-4.31 Billion | $2.21 Billion | $1.14 Billion | $5.45 Billion | ▲ +139.5 pp |
| 2024 | -334.7% | $-4.77 Billion | $1.43 Billion | $1.01 Billion | $5.78 Billion | ▲ +1236.3 pp |
| 2023 | -1571.0% | $-4.73 Billion | $300.81 Million | $1.31 Billion | $6.04 Billion | ▲ +3068.1 pp |
| 2022 | -4639.1% | $-3.18 Billion | $68.59 Million | $1.87 Billion | $5.05 Billion | ▼ -4621.4 pp |
| 2021 | -17.6% | $-428.86 Million | $2.43 Billion | $3.30 Billion | $3.73 Billion | ▼ -55.4 pp |
| 2020 | 37.7% | $1.64 Billion | $4.35 Billion | $3.56 Billion | $1.91 Billion | ▲ +81.6 pp |
| 2019 | -43.8% | $-2.85 Billion | $6.52 Billion | $730.14 Million | $3.58 Billion | ▼ -0.2 pp |
| 2018 | -43.6% | $-2.60 Billion | $5.96 Billion | $550.31 Million | $3.15 Billion | ▼ -9.3 pp |
| 2017 | -34.3% | $-1.97 Billion | $5.75 Billion | $518.34 Million | $2.49 Billion | ▲ +7.6 pp |
| 2016 | -41.9% | $-1.90 Billion | $4.54 Billion | $411.09 Million | $2.31 Billion | ▲ +11.7 pp |
| 2015 | -53.6% | $-2.03 Billion | $3.78 Billion | $340.41 Million | $2.37 Billion | ▼ -2.4 pp |
| 2014 | -51.2% | $-1.80 Billion | $3.52 Billion | $283.74 Million | $2.09 Billion | ▼ -17.3 pp |
| 2013 | -33.9% | $-892.56 Million | $2.63 Billion | $182.92 Million | $1.08 Billion | ▲ +4.7 pp |
| 2012 | -38.6% | $-780.16 Million | $2.02 Billion | $164.93 Million | $945.09 Million | ▼ -2.6 pp |
| 2011 | -36.1% | $-665.30 Million | $1.84 Billion | $152.14 Million | $817.45 Million | ▼ -5.8 pp |
| 2010 | -30.3% | $-523.93 Million | $1.73 Billion | $129.38 Million | $653.32 Million | ▼ -10.2 pp |
| 2009 | -20.1% | $-342.48 Million | $1.70 Billion | $151.56 Million | $494.04 Million | ▲ +27.8 pp |
| 2008 | -47.9% | $-742.09 Million | $1.55 Billion | $249.72 Million | $991.81 Million | ▲ +8.5 pp |
| 2007 | -56.3% | $-696.06 Million | $1.24 Billion | $119.42 Million | $815.48 Million | ▼ -13.1 pp |
| 2006 | -43.3% | $-629.82 Million | $1.46 Billion | $137.64 Million | $767.46 Million | ▼ -12.4 pp |
| 2005 | -30.9% | $-432.93 Million | $1.40 Billion | $203.39 Million | $636.32 Million | ▼ -14.5 pp |
| 2004 | -16.4% | $-224.80 Million | $1.37 Billion | $276.61 Million | $501.41 Million | — |