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.