NCLH (Norwegian Cruise Line Holdings) Change In Receivables: $-17 Mil (TTM As of Jun. 2026)

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NCLH Norwegian Cruise Line Holdings Ltd NCLH
80 GF Score
Price $19.25
GF Value $21.68
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Norwegian Cruise Line Holdings Change In Receivables?

Norwegian Cruise Line Holdings NCLH -0.62% 80 Change In Receivables is $-17 Mil as of Jun. 2026. GuruFocus rates NCLH with a GF Score™ of 80/100 and a GF Value™ of $21.68 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Norwegian Cruise Line Holdings's change in receivables for the quarter that ended in Jun. 2026 was $-4 Mil. It means Norwegian Cruise Line Holdings's Accounts Receivable increased by $4 Mil from Mar. 2026 to Jun. 2026 .

Norwegian Cruise Line Holdings's change in receivables for the fiscal year that ended in Dec. 2025 was $-74 Mil. It means Norwegian Cruise Line Holdings's Accounts Receivable increased by $74 Mil from Dec. 2024 to Dec. 2025 .

Norwegian Cruise Line Holdings's Accounts Receivable for the quarter that ended in Jun. 2026 was $277 Mil.

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 Receivable are being managed. Norwegian Cruise Line Holdings's Days Sales Outstanding for the three months ended in Jun. 2026 was 9.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Norwegian Cruise Line Holdings's liquidation value for the three months ended in Jun. 2026 was $-20,932 Mil.


Norwegian Cruise Line Holdings  (NYSE:NCLH) Change In Receivables 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 Receivable 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 liquidation value, Norwegian Cruise Line Holdings's accounts receivable are only considered to be worth 75% of book value:

Norwegian Cruise Line Holdings's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=218.1-21438.844+0.75 * 276.958+0.5 * 161.296
=-20,932

* 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 Change In Receivables Related Terms


Norwegian Cruise Line Holdings Change In Receivables Historical Data

* Premium members only.

The historical data trend for Norwegian Cruise Line Holdings's Change In Receivables 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 Change In Receivables Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,160.00 828.66 39.65 49.30 -73.77

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
Change In Receivables 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 3.47 14.71 -41.72 13.69 -4.14
NCLH
80GF Score
Norwegian Cruise Line Holdings Ltd NCLH
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Cruise Line Holdings Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-17 Mil mean?
Norwegian Cruise Line Holdings (NCLH) has a Change In Receivables of $-17 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Norwegian Cruise Line Holdings and its competitors.
Is Norwegian Cruise Line Holdings' Change In Receivables too high?
Norwegian Cruise Line Holdings' current Change In Receivables is $-17 Mil. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Change In Receivables compare to GBTG and MMYT?
Norwegian Cruise Line Holdings' Change In Receivables of $-17 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 Change In Receivables for a Travel & Leisure company?
A good Change In Receivables depends on the Travel & Leisure industry context. However, Change In Receivables 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 Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Norwegian Cruise Line Holdings and its competitors. Norwegian Cruise Line Holdings's current Change In Receivables is $-17 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 Modestly Undervalued. The stock's GF Value™ is $21.68, compared to a current price of $19.25 — trading 11.2% below its estimated fair value. The current Change In Receivables is $-17 Mil. Norwegian Cruise Line Holdings' overall GF Score™ is 80/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (NCLH), the current Change In Receivables is $-17 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 $19.25 is trading 11.2% below its estimated GF Value™ of $21.68. GuruFocus considers Norwegian Cruise Line Holdings to be Modestly Undervalued.

Key valuation signals for NCLH:

  • Change In Receivables: $-17 Mil
  • GF Value™: $21.68 vs. price of $19.25 (11.2% below fair value)
  • GF Score™: 80/100 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.
80GF Score

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

$19.25
Price
$21.68
GF Value