Norwegian Cruise Line Holdings annual debt-to-assets ratio
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Norwegian Cruise Line Holdings Debt-to-Assets Ratio Growth & History (NCLH)
Norwegian Cruise Line Holdings's debt-to-assets ratio was 0.69 for fiscal 2025.
View full Norwegian Cruise Line Holdings company overviewNorwegian Cruise Line Holdings annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.69 | −0.01 | −1.10% |
| 2024 | 2024-12-31 | 0.70 | −0.06 | −7.76% |
| 2023 | 2023-12-31 | 0.76 | −0.01 | −1.61% |
| 2022 | 2022-12-31 | 0.77 | 0.07 | +9.35% |
| 2021 | 2021-12-31 | 0.70 | 0.05 | +7.58% |
| 2020 | 2020-12-31 | 0.65 | 0.23 | +54.51% |
| 2019 | 2019-12-31 | 0.42 | −0.00 | −1.06% |
| 2018 | 2018-12-31 | 0.43 | −0.02 | −4.60% |
| 2017 | 2017-12-31 | 0.45 | −0.05 | −9.26% |
| 2016 | 2016-12-31 | 0.49 | −0.03 | −5.45% |
| 2015 | 2015-12-31 | 0.52 | −0.01 | −1.60% |
| 2014 | 2014-12-31 | 0.53 | 0.06 | +12.73% |
| 2013 | 2013-12-31 | 0.47 | −0.03 | −6.45% |
| 2012 | 2012-12-31 | 0.50 | — | — |
Norwegian Cruise Line Holdings quarterly debt-to-assets ratio
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| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.68 | −0.01 | −1.20% |
| Q1 2026 | 2026-03-31 | 0.69 | −0.02 | −2.18% |
| Q4 2025 | 2025-12-31 | 0.69 | −0.01 | −1.10% |
| Q3 2025 | 2025-09-30 | 0.71 | −0.02 | −2.50% |
| Q2 2025 | 2025-06-30 | 0.69 | −0.03 | −3.60% |
| Q1 2025 | 2025-03-31 | 0.71 | −0.03 | −4.62% |
| Q4 2024 | 2024-12-31 | 0.70 | −0.06 | −7.76% |
| Q3 2024 | 2024-09-30 | 0.73 | −0.04 | −5.59% |
| Q2 2024 | 2024-06-30 | 0.72 | −0.03 | −4.63% |
| Q1 2024 | 2024-03-31 | 0.74 | −0.02 | −2.43% |
| Q4 2023 | 2023-12-31 | 0.76 | −0.01 | −1.61% |
| Q3 2023 | 2023-09-30 | 0.77 | −0.02 | −1.94% |
| Q2 2023 | 2023-06-30 | 0.75 | 0.01 | +1.77% |
| Q1 2023 | 2023-03-31 | 0.76 | 0.01 | +1.57% |
| Q4 2022 | 2022-12-31 | 0.77 | 0.07 | +9.35% |
| Q3 2022 | 2022-09-30 | 0.79 | 0.08 | +10.64% |
| Q2 2022 | 2022-06-30 | 0.74 | 0.05 | +7.95% |
| Q1 2022 | 2022-03-31 | 0.75 | 0.10 | +14.66% |
| Q4 2021 | 2021-12-31 | 0.70 | 0.05 | +7.58% |
| Q3 2021 | 2021-09-30 | 0.71 | 0.06 | +9.49% |
| Q2 2021 | 2021-06-30 | 0.68 | 0.08 | +12.31% |
| Q1 2021 | 2021-03-31 | 0.66 | 0.12 | +23.31% |
| Q4 2020 | 2020-12-31 | 0.65 | 0.23 | +54.51% |
| Q3 2020 | 2020-09-30 | 0.65 | 0.28 | +75.11% |
| Q2 2020 | 2020-06-30 | 0.61 | 0.24 | +62.81% |
| Q1 2020 | 2020-03-31 | 0.53 | 0.14 | +35.76% |
| Q4 2019 | 2019-12-31 | 0.42 | −0.00 | −1.06% |
| Q3 2019 | 2019-09-30 | 0.37 | −0.01 | −3.45% |
| Q2 2019 | 2019-06-30 | 0.37 | −0.03 | −6.63% |
| Q1 2019 | 2019-03-31 | 0.39 | 0.01 | +1.65% |
| Q4 2018 | 2018-12-31 | 0.43 | −0.02 | −4.60% |
| Q3 2018 | 2018-09-30 | 0.38 | −0.04 | −8.84% |
| Q2 2018 | 2018-06-30 | 0.40 | −0.04 | −8.04% |
| Q1 2018 | 2018-03-31 | 0.39 | −0.05 | −10.75% |
| Q4 2017 | 2017-12-31 | 0.45 | −0.05 | −9.26% |
| Q3 2017 | 2017-09-30 | 0.42 | −0.03 | −6.34% |
| Q2 2017 | 2017-06-30 | 0.44 | −0.02 | −5.34% |
| Q1 2017 | 2017-03-31 | 0.43 | −0.03 | −5.56% |
| Q4 2016 | 2016-12-31 | 0.49 | −0.03 | −5.45% |
| Q3 2016 | 2016-09-30 | 0.45 | 0.02 | +3.56% |
| Q2 2016 | 2016-06-30 | 0.46 | 0.02 | +4.01% |
| Q1 2016 | 2016-03-31 | 0.46 | −0.01 | −1.50% |
| Q4 2015 | 2015-12-31 | 0.52 | −0.01 | −1.60% |
| Q3 2015 | 2015-09-30 | 0.43 | 0.02 | +3.79% |
| Q2 2015 | 2015-06-30 | 0.44 | 0.02 | +3.56% |
| Q1 2015 | 2015-03-31 | 0.46 | 0.01 | +3.21% |
| Q4 2014 | 2014-12-31 | 0.53 | 0.06 | +12.73% |
| Q3 2014 | 2014-09-30 | 0.42 | −0.01 | −2.45% |
| Q2 2014 | 2014-06-30 | 0.43 | −0.02 | −3.42% |
| Q1 2014 | 2014-03-31 | 0.45 | 0.05 | +11.47% |
| Q4 2013 | 2013-12-31 | 0.47 | −0.03 | −6.45% |
| Q3 2013 | 2013-09-30 | 0.43 | — | — |
| Q2 2013 | 2013-06-30 | 0.44 | — | — |
| Q1 2013 | 2013-03-31 | 0.40 | — | — |
| Q4 2012 | 2012-12-31 | 0.50 | — | — |
Norwegian Cruise Line Holdings debt-to-assets ratio trends
Over the last five fiscal years, Norwegian Cruise Line Holdings's debt-to-assets ratio increased from 0.65 to 0.69, a change of 0.04. The latest reported quarter, Q2 2026, shows 0.68.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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