Norwegian Cruise Line Holdings Ltd (NCLH)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 190,765 | 332,521 | 594,098 | 559,814 | 402,415 | 681,558 | 899,135 | 700,600 | 946,987 | 1,186,710 | 1,903,240 | 2,136,840 | 1,506,650 | 1,934,820 | 2,750,140 | 3,508,030 | 3,300,480 | 2,356,210 | 2,259,950 | 1,360,260 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 240,000 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,780,860 | 6,038,520 | 6,633,920 | 6,598,520 | 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 |
| Quick ratio | 0.03 | 0.06 | 0.09 | 0.08 | 0.07 | 0.13 | 0.15 | 0.12 | 0.19 | 0.25 | 0.38 | 0.51 | 0.47 | 0.66 | 1.26 | 1.94 | 1.72 | 1.01 | 0.87 | 0.46 |
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 fluctuated over the reporting periods from March 31, 2020, to December 31, 2024. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term obligations.
From March 31, 2020, to September 30, 2021, the quick ratio ranged from 0.46 to 1.01, indicating some variability in the company's ability to cover its current liabilities with its quick assets. However, from December 31, 2021, to December 31, 2024, the quick ratio consistently decreased, reaching 0.03 by December 31, 2024, which suggests a potential liquidity concern.
The declining trend in the quick ratio may raise concerns about the company's ability to meet its short-term obligations using its current liquid assets. It is essential for investors and stakeholders to monitor this ratio closely as it may indicate a deteriorating financial position and potential cash flow challenges for Norwegian Cruise Line Holdings Ltd.
Peer comparison
Dec 31, 2024