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Norwegian Cruise Line Holdings (Norwegian Cruise Line Holdings) EBIT : $1,125 Mil (TTM As of Mar. 2024)


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What is Norwegian Cruise Line Holdings EBIT?

Norwegian Cruise Line Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $237 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,125 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Norwegian Cruise Line Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 3.55%. Norwegian Cruise Line Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.61%.


Norwegian Cruise Line Holdings EBIT Historical Data

The historical data trend for Norwegian Cruise Line Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Norwegian Cruise Line Holdings EBIT Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,184.23 -3,517.73 -2,428.40 -1,475.19 890.71

Norwegian Cruise Line Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.76 264.50 535.38 89.06 236.53

Competitive Comparison of Norwegian Cruise Line Holdings's EBIT

For the Travel Services subindustry, Norwegian Cruise Line Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Norwegian Cruise Line Holdings's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Norwegian Cruise Line Holdings's EV-to-EBIT falls into.



Norwegian Cruise Line Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,125 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Norwegian Cruise Line Holdings  (NYSE:NCLH) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Norwegian Cruise Line Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=873.576 * ( 1 - 5.45% )/( (22985.286 + 23608.962)/ 2 )
=825.966108/23297.124
=3.55 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=19492.99 - 1233.257 - ( 402.415 - max(0, 6038.701 - 1313.148+402.415))
=22985.286

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=19825.188 - 1224.591 - ( 559.814 - max(0, 6598.519 - 1590.154+559.814))
=23608.962

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Norwegian Cruise Line Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=946.124/( ( (16433.292 + max(-3383.19, 0)) + (16463.522 + max(-3823.958, 0)) )/ 2 )
=946.124/( ( 16433.292 + 16463.522 )/ 2 )
=946.124/16448.407
=5.75 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(280.271 + 157.646 + 472.816) - (1233.257 + 3060.666 + 0)
=-3383.19

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(282.313 + 157.879 + 590.148) - (1224.591 + 3629.707 + 0)
=-3823.958

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1125.475/20049.826
=5.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Norwegian Cruise Line Holdings EBIT Related Terms

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Norwegian Cruise Line Holdings (Norwegian Cruise Line Holdings) Business Description

Address
7665 Corporate Center Drive, Miami, FL, USA, 33126
Norwegian Cruise Line is the world's third-largest cruise company by berths (at more than 66,000), operating 31 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company had redeployed its entire fleet as of May 2022. With six passenger vessels on order among its brands through 2028 (representing 16,500 incremental berths), Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.
Executives
Jose E. Cil director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Daniel S Farkas officer: EVP Gen. Counsel & Asst. Sec'y 5840 SW 117TH STREET, CORAL GABLES FL 33156
Faye L. Ashby officer: SVP & Chief Accounting Officer 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Patrik Dahlgren officer: EVP, Vessel Operations 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Del Rio Frank J director, officer: Pres. & CEO 8300 NW 33RD STREET, SUITE 100, MIAMI FL 33122
Mark Kempa officer: EVP & CFO 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
David Herrera officer: Pres. NCL 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Del Rio Frank A. officer: Pres. Oceania Cruises C/O NEW BEGINNINGS ACQUISITION CORP., 800 1ST STREET, UNIT 1, MIAMI FL 33139
Andrea Demarco officer: Pres. RSSC 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Jason Montague officer: Pres. & CEO of RSSC C/O PRESTIGE CRUISES INTERNATIONAL, INC., 8300 NW 33RD STREET, SUITE 100, MIAMI FL 33122
Zillah Byng-thorne director 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Howard J Sherman officer: Pres. & CEO Oceania Cruises 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Russell W Galbut director 7665 CORPORATE DRIVE, MIAMI FL 33126
Harry C Curtis director C/O NORWEGIAN CRUISE LINE HOLDINGS, 7300 CORPORATE CENTER DRIVE, MIAMI FL 33126
Robert Binder officer: Vice Chair, Pres. & CEO OCI 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126