Norwegian Cruise Line Holdings Ltd (NCLH)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,010,100 | 1,313,150 | 1,872,870 | 3,301,570 | 3,557,540 |
| Total current liabilities | US$ in thousands | 5,780,860 | 6,038,700 | 5,054,850 | 3,730,430 | 1,913,900 |
| Current ratio | 0.17 | 0.22 | 0.37 | 0.89 | 1.86 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,010,100K ÷ $5,780,860K
= 0.17
The current ratio of Norwegian Cruise Line Holdings Ltd has shown a declining trend over the past five years, starting at 1.86 in December 31, 2020, and decreasing to 0.17 by December 31, 2024. This may indicate a weakening liquidity position, as the company's current assets may not be sufficient to cover its current liabilities. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its current assets alone. It is essential for stakeholders to monitor this trend closely as it could signal potential financial difficulties for the company in the future. It is recommended that the company takes steps to improve its current ratio to ensure its financial health and stability.
Peer comparison
Dec 31, 2024