Norwegian Cruise Line Holdings Ltd (NCLH)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 402,415 | 946,987 | 1,506,650 | 3,300,480 | 252,876 |
| Short-term investments | US$ in thousands | — | — | 240,000 | — | — |
| Receivables | US$ in thousands | 280,271 | 326,272 | 1,167,470 | 20,578 | 75,109 |
| Total current liabilities | US$ in thousands | 6,038,700 | 5,054,850 | 3,730,430 | 1,913,900 | 3,584,390 |
| Quick ratio | 0.11 | 0.25 | 0.78 | 1.74 | 0.09 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($402,415K
+ $—K
+ $280,271K)
÷ $6,038,700K
= 0.11
The quick ratio of Norwegian Cruise Line Holdings Ltd has shown fluctuating trends over the past five years. In 2023, the quick ratio stands at 0.19, indicating a decline from 0.34 in 2022, 0.85 in 2021, and 1.82 in 2020. The current ratio dropped significantly compared to the previous periods, suggesting potential liquidity challenges for the company in the short term. The ratio of 0.19 signifies that the company may face difficulty meeting its short-term obligations with its most liquid assets. Moreover, the quick ratio of 0.18 in 2019 was similarly low, reflecting a period of liquidity strain for the company at that time. Overall, the decreasing trend in the quick ratio over the years highlights the importance of closely monitoring the company's liquidity position and managing its short-term liabilities effectively.
Peer comparison
Dec 31, 2023