Norwegian Cruise Line (NCLHN) Ratios
Norwegian Cruise Line Ratios
MX:NCLHN's free cash flow for Q3 2026 was $-105.36M. For the 2026 fiscal year, MX:NCLHN's free cash flow was decreased by $-397.68M and operating cash flow was $292.32M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.21 | 0.17 | 0.22 | 0.37 | 0.89 |
| Quick Ratio | 0.18 | 0.15 | 0.19 | 0.34 | 0.85 |
| Cash Ratio | 0.04 | 0.03 | 0.07 | 0.19 | 0.40 |
| Solvency Ratio | 0.08 | 0.10 | 0.05 | -0.08 | -0.23 |
| Operating Cash Flow Ratio | 0.38 | 0.35 | 0.33 | 0.04 | -0.66 |
| Short-Term Operating Cash Flow Coverage | 2.39 | 1.55 | 1.15 | 0.21 | -2.81 |
| Net Current Asset Value | $ -19.19B | $ -17.53B | $ -17.88B | $ -16.62B | $ -13.00B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.65 | 0.70 | 0.72 | 0.73 | 0.66 |
| Debt-to-Equity Ratio | 6.61 | 9.76 | 46.74 | 198.59 | 5.12 |
| Debt-to-Capital Ratio | 0.87 | 0.91 | 0.98 | 0.99 | 0.84 |
| Long-Term Debt-to-Capital Ratio | 0.86 | 0.89 | 0.98 | 0.99 | 0.83 |
| Financial Leverage Ratio | 10.20 | 14.01 | 64.80 | 270.56 | 7.70 |
| Debt Service Coverage Ratio | 1.23 | 1.27 | 0.72 | -0.37 | -0.57 |
| Interest Coverage Ratio | 0.71 | 1.96 | 1.28 | -1.94 | -1.23 |
| Debt to Market Cap | 1.44 | 1.17 | 1.65 | 2.65 | 1.64 |
| Interest Debt Per Share | 36.98 | 33.69 | 34.84 | 34.36 | 39.73 |
| Net Debt to EBITDA | 3.77 | 5.50 | 7.70 | -19.06 | -6.55 |
| Profitability Margins | |||||
| Gross Profit Margin | 31.97% | 39.99% | 36.04% | 11.91% | -148.16% |
| EBIT Margin | 27.05% | 16.04% | 10.42% | -30.46% | -374.76% |
| EBITDA Margin | 38.88% | 26.31% | 20.75% | -13.73% | -257.69% |
| Operating Profit Margin | 16.21% | 15.46% | 10.89% | -32.04% | -393.89% |
| Pretax Profit Margin | 4.36% | 8.15% | 1.91% | -47.00% | -694.66% |
| Net Profit Margin | 4.31% | 9.60% | 1.94% | -46.86% | -695.48% |
| Continuous Operations Profit Margin | 4.31% | 9.60% | 1.94% | -46.86% | -695.48% |
| Net Income Per EBT | 98.72% | 117.77% | 101.84% | 99.70% | 100.12% |
| EBT Per EBIT | 26.91% | 52.73% | 17.53% | 146.72% | 176.36% |
| Return on Assets (ROA) | 1.88% | 4.56% | 0.85% | -12.23% | -24.06% |
| Return on Equity (ROE) | 19.15% | 63.86% | 55.24% | -3309.34% | -185.25% |
| Return on Capital Employed (ROCE) | 9.32% | 10.33% | 6.92% | -11.49% | -17.02% |
| Return on Invested Capital (ROIC) | 8.75% | 9.43% | 6.12% | -10.67% | -16.08% |
| Return on Tangible Assets | 1.93% | 4.71% | 0.88% | -12.64% | -24.86% |
| Earnings Yield | 4.17% | 8.13% | 1.95% | -44.18% | -59.46% |
| Efficiency Ratios | |||||
| Receivables Turnover | 33.70 | 42.81 | 30.51 | 14.85 | 0.56 |
| Payables Turnover | 39.41 | 33.25 | 31.37 | 18.65 | 6.90 |
| Inventory Turnover | 48.39 | 38.00 | 34.69 | 28.69 | 13.60 |
| Fixed Asset Turnover | 0.52 | 0.56 | 0.52 | 0.33 | 0.05 |
| Asset Turnover | 0.44 | 0.47 | 0.44 | 0.26 | 0.03 |
| Working Capital Turnover Ratio | -2.16 | -2.00 | -2.16 | -2.68 | 1.07 |
| Cash Conversion Cycle | 9.11 | 7.15 | 10.85 | 17.74 | 631.52 |
| Days of Sales Outstanding | 10.83 | 8.53 | 11.96 | 24.59 | 657.62 |
| Days of Inventory Outstanding | 7.54 | 9.61 | 10.52 | 12.72 | 26.83 |
| Days of Payables Outstanding | 9.26 | 10.98 | 11.64 | 19.57 | 52.93 |
| Operating Cycle | 18.38 | 18.13 | 22.49 | 37.31 | 684.45 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.59 | 4.71 | 4.73 | 0.50 | -6.75 |
| Free Cash Flow Per Share | -2.57 | 1.93 | -1.75 | -3.75 | -8.81 |
| Dividend Paid and CapEx Coverage Ratio | 0.64 | 1.69 | 0.73 | 0.12 | -3.28 |
| Capital Expenditure Coverage Ratio | 0.64 | 1.69 | 0.73 | 0.12 | -3.28 |
| Operating Cash Flow Coverage Ratio | 0.14 | 0.15 | 0.14 | 0.02 | -0.20 |
| Operating Cash Flow to Sales Ratio | 0.21 | 0.22 | 0.23 | 0.04 | -3.81 |
| Free Cash Flow Yield | -11.51% | 7.49% | -8.75% | -30.63% | -42.49% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 23.74 | 12.31 | 51.18 | -2.26 | -1.68 |
| Price-to-Sales (P/S) Ratio | 1.03 | 1.18 | 0.99 | 1.06 | 11.70 |
| Price-to-Book (P/B) Ratio | 4.60 | 7.86 | 28.28 | 74.91 | 3.12 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -8.69 | 13.35 | -11.42 | -3.26 | -2.35 |
| Price-to-Operating Cash Flow Ratio | 4.86 | 5.46 | 4.24 | 24.46 | -3.07 |
| Price-to-Earnings Growth (PEG) Ratio | -0.43 | 0.03 | -0.48 | 0.04 | 0.08 |
| Enterprise Value Multiple | 6.43 | 10.00 | 12.49 | -26.78 | -11.09 |
| Enterprise Value | 24.56B | 24.93B | 22.16B | 17.81B | 18.52B |
| EV to EBITDA | 6.43 | 10.00 | 12.49 | -26.78 | -11.09 |
| EV to Sales | 2.50 | 2.63 | 2.59 | 3.68 | 28.58 |
| EV to Free Cash Flow | -20.99 | 29.71 | -29.76 | -11.32 | -5.75 |
| EV to Operating Cash Flow | 11.75 | 12.16 | 11.05 | 84.81 | -7.50 |
| Tangible Book Value Per Share | 3.46 | 1.81 | -0.70 | -1.26 | 5.02 |
| Shareholders’ Equity Per Share | 4.85 | 3.27 | 0.71 | 0.16 | 6.66 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.01 | -0.18 | -0.02 | 0.00 | -0.00 |
| Revenue Per Share | 21.59 | 21.78 | 20.14 | 11.54 | 1.77 |
| Net Income Per Share | 0.93 | 2.09 | 0.39 | -5.41 | -12.33 |
| Tax Burden | 0.99 | 1.18 | 1.02 | 1.00 | 1.00 |
| Interest Burden | 0.16 | 0.51 | 0.18 | 1.54 | 1.85 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.16 | 0.15 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.02 | 0.19 |
| Income Quality | 4.94 | 2.25 | 12.07 | -0.09 | 0.55 |
Currency in USD
