Norwegian Cruise Line Holdings (Norwegian Cruise Line Holdings) Debt-to-Equity

: 46.74 (As of Dec. 2023)

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Norwegian Cruise Line Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,745 Mil. Norwegian Cruise Line Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12,314 Mil. Norwegian Cruise Line Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $301 Mil. Norwegian Cruise Line Holdings's debt to equity for the quarter that ended in Dec. 2023 was 46.74.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Norwegian Cruise Line Holdings's Debt-to-Equity or its related term are showing as below:

NCLH' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 1.71 Max: 198.59
Current: 46.74

During the past 13 years, the highest Debt-to-Equity Ratio of Norwegian Cruise Line Holdings was 198.59. The lowest was 1.04. And the median was 1.71.

NCLH's Debt-to-Equity is ranked worse than
99.27% of 687 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs NCLH: 46.74

Norwegian Cruise Line Holdings Debt-to-Equity Historical Data

The historical data trend for Norwegian Cruise Line Holdings's Debt-to-Equity 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.04

2.71

5.12

198.59

46.74

Norwegian Cruise Line Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															198.59	-131.90	903.85	31.63	46.74

Competitive Comparison

For the Travel Services subindustry, Norwegian Cruise Line Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Norwegian Cruise Line Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norwegian Cruise Line Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1744.778	+	12314.147)	/	300.807
	=	46.74

Norwegian Cruise Line Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1744.778	+	12314.147)	/	300.807
	=	46.74

Norwegian Cruise Line Holdings (NYSE:NCLH) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Norwegian Cruise Line Holdings Debt-to-Equity Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NCLH:Mexico 1NC:Germany 1NC:Germany 1NC:Germany N1CL34:Brazil NCLH:Austria

Address

7665 Corporate Center Drive, Miami, FL, USA, 33126

Website

https://www.nclhltdinvestor.com

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