NCLH (Norwegian Cruise Line Holdings) Accounts Receivable: $277 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NCLH Norwegian Cruise Line Holdings Ltd NCLH
73 GF Score
Price $14.85
GF Value $21.56
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Norwegian Cruise Line Holdings Accounts Receivable?

Norwegian Cruise Line Holdings NCLH -3.51% 73 Accounts Receivable is $277 Mil as of Jun. 2026. GuruFocus rates NCLH with a GF Score™ of 73/100 and a GF Value™ of $21.56 (Possible Value Trap). The stock has 7 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Norwegian Cruise Line Holdings's accounts receivables for the quarter that ended in Jun. 2026 was $277 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Norwegian Cruise Line Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2026 was 9.57.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Norwegian Cruise Line Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2026 was $-45.59.


Norwegian Cruise Line Holdings Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Norwegian Cruise Line Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=276.958/2640.544*91
=9.57

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Norwegian Cruise Line Holdings's accounts receivable are only considered to be worth 75% of book value:

Norwegian Cruise Line Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2026 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(218.1+0.75 * 276.958+0.5 * 161.296-21438.844
-0-0)/459.159
=-45.59

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Norwegian Cruise Line Holdings Accounts Receivable Related Terms


Norwegian Cruise Line Holdings Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Norwegian Cruise Line Holdings's Accounts Receivable 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.

Norwegian Cruise Line Holdings Accounts Receivable Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,167.47 326.27 280.27 221.41 291.66

Norwegian Cruise Line Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Accounts Receivable 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 265.78 252.63 291.66 277.10 276.96
NCLH
73GF Score
Norwegian Cruise Line Holdings Ltd NCLH
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norwegian Cruise Line Holdings Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $277 Mil mean?
Norwegian Cruise Line Holdings (NCLH) has a Accounts Receivable of $277 Mil as of Jun. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Norwegian Cruise Line Holdings and its competitors.
Is Norwegian Cruise Line Holdings' Accounts Receivable too high?
Norwegian Cruise Line Holdings' current Accounts Receivable is $277 Mil. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Accounts Receivable compare to MMYT and GBTG?
Norwegian Cruise Line Holdings' Accounts Receivable of $277 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Travel & Leisure company?
A good Accounts Receivable depends on the Travel & Leisure industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Norwegian Cruise Line Holdings and its competitors. Norwegian Cruise Line Holdings's current Accounts Receivable is $277 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Cruise Line Holdings stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Cruise Line Holdings (NCLH) is currently considered Possible Value Trap. The stock's GF Value™ is $21.56, compared to a current price of $14.85 — trading 31.1% below its estimated fair value. The current Accounts Receivable is $277 Mil. Norwegian Cruise Line Holdings' overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (NCLH), the current Accounts Receivable is $277 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norwegian Cruise Line Holdings (NCLH) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued. The current stock price of $14.85 is trading 31.1% below its estimated GF Value™ of $21.56. GuruFocus considers Norwegian Cruise Line Holdings to be Possible Value Trap.

Key valuation signals for NCLH:

  • Accounts Receivable: $277 Mil
  • GF Value™: $21.56 vs. price of $14.85 (31.1% below fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the NCLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norwegian Cruise Line Holdings Business Description

Address 7665 Corporate Center Drive, Miami, FL, USA, 33126
Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 75,000). It operates 35 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. The company redeployed its entire fleet as of May 2022. With 16 passenger vessels on order among its brands through 2037, representing 43,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.
73GF Score

Get the complete analysis for NCLH

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.85
Price
$21.56
GF Value