Norwegian Cruise Line Holdings Ltd (NCLH)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,425,440 1,135,330 693,133 362,091 300,807 438,688 15,221 -99,548 68,591 399,783 901,815 1,507,600 2,432,650 2,883,240 3,719,250 4,377,260 4,354,100 4,087,770 4,337,020 4,374,650
Debt-to-capital 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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,425,440K)
= 0.00

The debt-to-capital ratio for Norwegian Cruise Line Holdings Ltd has consistently remained at 0.00 from March 2020 to December 2024. This indicates that the company has not relied significantly on debt financing relative to its total capital structure during this period. A low or zero debt-to-capital ratio is generally considered favorable as it suggests lower financial risk and greater financial stability. It shows that the company has a strong capital base and may be relying more on equity financing or internal funds to support its operations and growth.