Norwegian Cruise Line Holdings Ltd (NCLH)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 190,765 | 332,521 | 594,098 | 559,814 | 402,415 | 681,558 | 899,135 | 700,600 | 946,987 | 1,186,710 | 1,903,240 | 2,136,840 | 1,506,650 | 1,934,820 | 2,750,140 | 3,508,030 | 3,300,480 | 2,356,210 | 2,259,950 | 1,360,260 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 240,000 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,780,860 | 6,038,520 | 6,633,920 | 6,598,520 | 6,038,700 | 5,402,360 | 5,818,240 | 5,699,540 | 5,054,850 | 4,662,750 | 5,033,460 | 4,176,680 | 3,730,430 | 2,939,850 | 2,180,570 | 1,810,050 | 1,913,900 | 2,334,270 | 2,583,860 | 2,959,790 |
| Cash ratio | 0.03 | 0.06 | 0.09 | 0.08 | 0.07 | 0.13 | 0.15 | 0.12 | 0.19 | 0.25 | 0.38 | 0.51 | 0.47 | 0.66 | 1.26 | 1.94 | 1.72 | 1.01 | 0.87 | 0.46 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($190,765K
+ $—K)
÷ $5,780,860K
= 0.03
The cash ratio of Norwegian Cruise Line Holdings Ltd has shown fluctuations over the reported periods. The cash ratio represents the company's ability to cover its current liabilities with its cash and equivalents.
From March 2020 to September 2021, the cash ratio increased steadily from 0.46 to 1.01, indicating an improvement in the company's liquidity position. This upward trend continued, reaching its peak at 1.94 in March 2021. However, the ratio started to decline thereafter, dropping to 0.38 by June 2022.
Subsequently, the cash ratio continued to decrease, hitting 0.03 by December 2024. This decline suggests a potential strain on the company's ability to pay off its short-term obligations using its available cash resources.
Overall, the downward trend in Norwegian Cruise Line Holdings Ltd's cash ratio raises concerns about its liquidity management and ability to meet its immediate financial obligations in the coming periods. Further analysis of the company's cash flow management and working capital strategies may be necessary to address these liquidity challenges.
Peer comparison
Dec 31, 2024