Norwegian Cruise Line Holdings Ltd (NCLH)

Debt-to-assets 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
Long-term debt US$ in thousands
Total assets US$ in thousands 19,969,800 19,786,000 20,113,800 19,825,200 19,493,000 19,251,800 18,648,200 18,350,700 18,557,700 18,950,900 19,113,200 19,255,500 18,729,800 18,730,000 18,526,600 18,973,800 18,399,300 17,402,000 17,528,100 16,462,500
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,969,800K
= 0.00

The debt-to-assets ratio of Norwegian Cruise Line Holdings Ltd has consistently been at 0.00 for the period spanning from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 signifies that the company's total assets have been entirely financed by equity, implying a low financial risk as there is no debt obligation to be serviced. Investors and stakeholders may view this as a positive sign of financial stability and solvency. However, it is essential to note that a very low debt-to-assets ratio may also imply missed opportunities for leveraging debt financing for potential growth or expansion.