Norwegian Cruise Line Holdings annual net debt
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Norwegian Cruise Line Holdings Net Debt Growth & History (NCLH)
Norwegian Cruise Line Holdings's net debt was $15.33B for fiscal 2025.
View full Norwegian Cruise Line Holdings company overviewNorwegian Cruise Line Holdings annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $15.33B | $1.60B | +11.66% |
| 2024 | 2024-12-31 | $13.73B | −$598.7M | −4.18% |
| 2023 | 2023-12-31 | $14.32B | $1.02B | +7.68% |
| 2022 | 2022-12-31 | $13.30B | $1.66B | +14.23% |
| 2021 | 2021-12-31 | $11.65B | $2.94B | +33.72% |
| 2020 | 2020-12-31 | $8.71B | $1.91B | +28.16% |
| 2019 | 2019-12-31 | $6.80B | $466.9M | +7.38% |
| 2018 | 2018-12-31 | $6.33B | $196.7M | +3.21% |
| 2017 | 2017-12-31 | $6.13B | −$138.8M | −2.21% |
| 2016 | 2016-12-31 | $6.27B | −$11.3M | −0.18% |
| 2015 | 2015-12-31 | $6.28B | $286.4M | +4.78% |
| 2014 | 2014-12-31 | $6.00B | $2.92B | +95.20% |
| 2013 | 2013-12-31 | $3.07B | $131.5M | +4.47% |
| 2012 | 2012-12-31 | $2.94B | — | — |
Norwegian Cruise Line Holdings quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $16.19B | $1.44B | +9.74% |
| Q1 2026 | 2026-03-31 | $16.35B | $1.37B | +9.11% |
| Q4 2025 | 2025-12-31 | $15.33B | $1.60B | +11.66% |
| Q3 2025 | 2025-09-30 | $15.59B | $1.53B | +10.86% |
| Q2 2025 | 2025-06-30 | $14.76B | $915.6M | +6.62% |
| Q1 2025 | 2025-03-31 | $14.99B | $779.4M | +5.49% |
| Q4 2024 | 2024-12-31 | $13.73B | −$598.7M | −4.18% |
| Q3 2024 | 2024-09-30 | $14.06B | −$91.6M | −0.65% |
| Q2 2024 | 2024-06-30 | $13.84B | $707.3M | +5.39% |
| Q1 2024 | 2024-03-31 | $14.21B | $898.4M | +6.75% |
| Q4 2023 | 2023-12-31 | $14.32B | $1.02B | +7.68% |
| Q3 2023 | 2023-09-30 | $14.15B | $447.6M | +3.27% |
| Q2 2023 | 2023-06-30 | $13.13B | $904.2M | +7.39% |
| Q1 2023 | 2023-03-31 | $13.31B | $972.4M | +7.88% |
| Q4 2022 | 2022-12-31 | $13.30B | $1.66B | +14.23% |
| Q3 2022 | 2022-09-30 | $13.70B | $1.77B | +14.86% |
| Q2 2022 | 2022-06-30 | $12.23B | $1.91B | +18.45% |
| Q1 2022 | 2022-03-31 | $12.34B | $3.20B | +35.04% |
| Q4 2021 | 2021-12-31 | $11.65B | $2.94B | +33.72% |
| Q3 2021 | 2021-09-30 | $11.93B | $3.00B | +33.61% |
| Q2 2021 | 2021-06-30 | $10.32B | $1.89B | +22.48% |
| Q1 2021 | 2021-03-31 | $9.14B | $1.74B | +23.59% |
| Q4 2020 | 2020-12-31 | $8.71B | $1.91B | +28.16% |
| Q3 2020 | 2020-09-30 | $8.93B | $3.43B | +62.48% |
| Q2 2020 | 2020-06-30 | $8.43B | $2.87B | +51.60% |
| Q1 2020 | 2020-03-31 | $7.39B | $1.52B | +25.98% |
| Q4 2019 | 2019-12-31 | $6.80B | $466.9M | +7.38% |
| Q3 2019 | 2019-09-30 | $5.50B | −$92.7M | −1.66% |
| Q2 2019 | 2019-06-30 | $5.56B | −$384.0M | −6.46% |
| Q1 2019 | 2019-03-31 | $5.87B | $588.9M | +11.16% |
| Q4 2018 | 2018-12-31 | $6.33B | $196.7M | +3.21% |
| Q3 2018 | 2018-09-30 | $5.59B | $108.8M | +1.99% |
| Q2 2018 | 2018-06-30 | $5.94B | $80.3M | +1.37% |
| Q1 2018 | 2018-03-31 | $5.28B | −$145.8M | −2.69% |
| Q4 2017 | 2017-12-31 | $6.13B | −$138.8M | −2.21% |
| Q3 2017 | 2017-09-30 | $5.48B | −$179.8M | −3.18% |
| Q2 2017 | 2017-06-30 | $5.86B | $38.7M | +0.66% |
| Q1 2017 | 2017-03-31 | $5.42B | −$90.9M | −1.65% |
| Q4 2016 | 2016-12-31 | $6.27B | −$11.3M | −0.18% |
| Q3 2016 | 2016-09-30 | $5.66B | $793.8M | +16.31% |
| Q2 2016 | 2016-06-30 | $5.83B | $820.1M | +16.39% |
| Q1 2016 | 2016-03-31 | $5.52B | $257.6M | +4.90% |
| Q4 2015 | 2015-12-31 | $6.28B | $286.4M | +4.78% |
| Q3 2015 | 2015-09-30 | $4.87B | $1.84B | +60.78% |
| Q2 2015 | 2015-06-30 | $5.01B | $1.94B | +63.25% |
| Q1 2015 | 2015-03-31 | $5.26B | $2.03B | +62.99% |
| Q4 2014 | 2014-12-31 | $6.00B | $2.92B | +95.20% |
| Q3 2014 | 2014-09-30 | $3.03B | $253.0M | +9.12% |
| Q2 2014 | 2014-06-30 | $3.07B | $230.1M | +8.12% |
| Q1 2014 | 2014-03-31 | $3.23B | $890.4M | +38.12% |
| Q4 2013 | 2013-12-31 | $3.07B | $131.5M | +4.47% |
| Q3 2013 | 2013-09-30 | $2.77B | — | — |
| Q2 2013 | 2013-06-30 | $2.84B | — | — |
| Q1 2013 | 2013-03-31 | $2.34B | — | — |
| Q4 2012 | 2012-12-31 | $2.94B | — | — |
Norwegian Cruise Line Holdings net debt trends
Over the last five fiscal years, Norwegian Cruise Line Holdings's net debt increased from $8.71B to $15.33B, a change of $6.62B. The latest reported quarter, Q2 2026, shows $16.19B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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