Norwegian Cruise Line Holdings Ltd (NCLH)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,313,150 | 1,611,300 | 1,848,580 | 1,644,670 | 1,872,870 | 2,157,380 | 3,131,750 | 3,214,510 | 3,301,570 | 3,281,200 | 3,465,450 | 3,779,320 | 3,557,540 | 2,652,500 | 2,750,670 | 1,696,340 | 730,145 | 842,716 | 903,564 | 768,395 |
| Total current liabilities | US$ in thousands | 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 | 3,584,390 | 3,399,590 | 3,582,550 | 3,429,420 |
| Current ratio | 0.22 | 0.30 | 0.32 | 0.29 | 0.37 | 0.46 | 0.62 | 0.77 | 0.89 | 1.12 | 1.59 | 2.09 | 1.86 | 1.14 | 1.06 | 0.57 | 0.20 | 0.25 | 0.25 | 0.22 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,313,150K ÷ $6,038,700K
= 0.22
Based on the data provided, the current ratio of Norwegian Cruise Line Holdings Ltd has shown a declining trend over the past eight quarters. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, has decreased from 0.77 in Q1 2022 to 0.22 in Q4 2023.
A current ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities using its current assets. The decreasing trend in the current ratio of Norwegian Cruise Line Holdings Ltd over the past quarters may suggest potential liquidity challenges for the company.
It is essential for investors and stakeholders to closely monitor the company's liquidity position, as a low current ratio could indicate financial distress or inefficiency in managing its working capital. Further analysis of the company's cash flows, debt levels, and profitability metrics would provide a more comprehensive insight into the overall financial health of Norwegian Cruise Line Holdings Ltd.
Peer comparison
Dec 31, 2023