Norwegian Cruise Line Holdings Ltd (NCLH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 190,765 | 402,415 | 946,987 | 1,506,650 | 3,300,480 |
| Short-term investments | US$ in thousands | — | — | 0 | 240,000 | 0 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,780,860 | 6,038,700 | 5,054,850 | 3,730,430 | 1,913,900 |
| Quick ratio | 0.03 | 0.07 | 0.19 | 0.47 | 1.72 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($190,765K
+ $—K
+ $—K)
÷ $5,780,860K
= 0.03
The quick ratio of Norwegian Cruise Line Holdings Ltd has experienced a significant decline over the years, dropping from 1.72 on December 31, 2020, to 0.03 on December 31, 2024. This downward trend indicates a weakening ability of the company to meet its short-term obligations with liquid assets. As of the latest data point, the quick ratio of 0.03 suggests that Norwegian Cruise Line Holdings may face challenges in covering its current liabilities with its most liquid assets. It is important for the company to monitor and manage its liquidity position effectively to ensure it can meet its short-term financial commitments.
Peer comparison
Dec 31, 2024