Norwegian Cruise Line Holdings (WBO:NCLH) Days Payable: 11.66 (As of Mar. 2026) — Near Median


WBO:NCLH Norwegian Cruise Line Holdings Ltd WBO:NCLH
70 GF Score
Price €17.24
GF Value €18.61
Valuation Fairly Valued
! 7 Warning Signs
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What is Norwegian Cruise Line Holdings Days Payable?

Norwegian Cruise Line Holdings WBO:NCLH -1.90% 70 Days Payable is 11.66 as of Mar. 2026, which is 5% below its 10-year median of 12.24. GuruFocus rates WBO:NCLH with a GF Score™ of 70/100 and a GF Value™ of €18.61 (Fairly Valued). The stock has 7 warning signs investors should review. Among 781 Travel & Leisure companies, Norwegian Cruise Line Holdings ranks worse than 91.68% on this metric.

Norwegian Cruise Line Holdings's average Accounts Payable for the three months ended in Mar. 2026 was €152 Mil. Norwegian Cruise Line Holdings's Cost of Goods Sold for the three months ended in Mar. 2026 was €1,192 Mil. Hence, Norwegian Cruise Line Holdings's Days Payable for the three months ended in Mar. 2026 was 11.66.

The historical rank and industry rank for Norwegian Cruise Line Holdings's Days Payable or its related term are showing as below:

WBO:NCLH' s Days Payable Range Over the Past 10 Years
Min: 5.35   Med: 12.24   Max: 35.9
Current: 11.23

During the past 13 years, Norwegian Cruise Line Holdings's highest Days Payable was 35.90. The lowest was 5.35. And the median was 12.24.

WBO:NCLH's Days Payable is ranked worse than
91.68% of 781 companies
in the Travel & Leisure industry
Industry Median: 56.99 vs WBO:NCLH: 11.23

Norwegian Cruise Line Holdings's Days Payable declined from Mar. 2025 (11.84) to Mar. 2026 (11.66). It may suggest that Norwegian Cruise Line Holdings accelerated paying its suppliers.


Norwegian Cruise Line Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Norwegian Cruise Line Holdings's Days Payable 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 Days Payable Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.23 19.13 13.68 10.86 11.68

Norwegian Cruise Line Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable 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 11.84 10.71 10.73 12.50 11.66

WBO:NCLH vs MMYT, GBTG, TNL: Days Payable Comparison

For the Travel Services subindustry, Norwegian Cruise Line Holdings's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Travel & Leisure Industry

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

* The bar in red indicates where Norwegian Cruise Line Holdings's Days Payable falls into.


WBO:NCLH
70GF Score
Norwegian Cruise Line Holdings Ltd WBO:NCLH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Cruise Line Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Norwegian Cruise Line Holdings's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (163.406 + 144.885) / 2 ) / 4815.846*365
=154.1455 / 4815.846*365
=11.68

Norwegian Cruise Line Holdings's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (144.885 + 159.741) / 2 ) / 1191.867*365 / 4
=152.313 / 1191.867*365 / 4
=11.66

* 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 Days Payable →
What does a Days Payable of 11.66 mean?
Norwegian Cruise Line Holdings (WBO:NCLH) has a Days Payable of 11.66 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Norwegian Cruise Line Holdings and its competitors. This is near median its historical median of 12.24. Over the past decade, Norwegian Cruise Line Holdings' Days Payable has ranged from 5.35 to 35.90. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #716 out of 781 companies in the Travel & Leisure industry, placing it in the top 91.7%.
Is Norwegian Cruise Line Holdings' Days Payable too high?
Norwegian Cruise Line Holdings' current Days Payable of 11.66 is near median its 10-year median of 12.24. Over the past 10 years, this metric has ranged from a low of 5.35 to a high of 35.90. The Travel & Leisure industry median Days Payable is 56.99. Norwegian Cruise Line Holdings' value of 11.66 is 79.5% below this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #716 out of 781 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Days Payable compare to MMYT and GBTG?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #716 out of 781 companies for Days Payable. This places Norwegian Cruise Line Holdings in the lower half of its industry. The industry median Days Payable is 56.99. Norwegian Cruise Line Holdings' value of 11.66 is 79.5% below this benchmark. Historically, Norwegian Cruise Line Holdings' own Days Payable has ranged from 5.35 to 35.90 over the past decade. While the company's 10-year median is 12.24 vs. the industry median of 56.99, Norwegian Cruise Line Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.99, based on 781 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current Days Payable of 11.66 is 79.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Norwegian Cruise Line Holdings and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current Days Payable is 11.66, which is near median its own 10-year median of 12.24. 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 (WBO:NCLH) is currently considered Fairly Valued. The stock's GF Value™ is €18.61, compared to a current price of €17.24 — trading 7.4% below its estimated fair value. The current Days Payable is 11.66, which is near median its 10-year median of 12.24 and 79.5% below the Travel & Leisure industry median of 56.99. Norwegian Cruise Line Holdings' overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (WBO:NCLH), the current Days Payable is 11.66 as of Mar. 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 (WBO:NCLH) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued. The current stock price of €17.24 is trading 7.4% below its estimated GF Value™ of €18.61. GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.

Key valuation signals for WBO:NCLH:

  • Days Payable: 11.66 (near median its 10-year median of 12.24)
  • GF Value™: €18.61 vs. price of €17.24 (7.4% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 79.5% below the Travel & Leisure median (#716 of 781)

No single metric tells the full story. See the WBO: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.
70GF Score

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

€17.24
Price
€18.61
GF Value