What is Norwegian Cruise Line Hldg Ltd's earnings per share (EPS)?

Norwegian Cruise Line Hldg Ltd (NCLH) reported diluted earnings per share of $0.92 for fiscal year 2025. This represents a -51.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Norwegian Cruise Line Hldg Ltd Financials

NCLH

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Norwegian Cruise Line Hldg Ltd (NCLH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 25/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Norwegian Cruise Line Hldg Ltd has an operating margin of 15.9%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is up from 15.5% the prior year.

Growth

Norwegian Cruise Line Hldg Ltd's revenue grew a modest 3.7% year-over-year to $9.8B. This slow but positive growth earns a score of 39/100.

Leverage

Norwegian Cruise Line Hldg Ltd has elevated debt relative to equity (D/E of 6.21), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Norwegian Cruise Line Hldg Ltd's current ratio of 0.21 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Norwegian Cruise Line Hldg Ltd generated $2.1B in operating cash flow, capex of $3.3B consumed most of it, leaving -$1.2B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Norwegian Cruise Line Hldg Ltd's ROE of 19.1% shows moderate profitability relative to equity, earning a score of 54/100. This is down from 63.9% the prior year.

Altman Z-Score Distress

0.35

Norwegian Cruise Line Hldg Ltd scores 0.35, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.8B) relative to total liabilities ($20.3B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Norwegian Cruise Line Hldg Ltd passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

4.94x

For every $1 of reported earnings, Norwegian Cruise Line Hldg Ltd generates $4.94 in operating cash flow ($2.1B OCF vs $423.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.8B

YoY+3.7%

5Y CAGR+50.3%

10Y CAGR+8.5%

Norwegian Cruise Line Hldg Ltd generated $9.8B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA

$2.7B

YoY+11.6%

10Y CAGR+9.0%

Norwegian Cruise Line Hldg Ltd's EBITDA was $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.6% from the prior year.

Net Income

$423.2M

YoY-53.5%

10Y CAGR-0.1%

Norwegian Cruise Line Hldg Ltd reported $423.2M in net income in fiscal year 2025. This represents a decrease of 53.5% from the prior year.

EPS (Diluted)

$0.92

YoY-51.3%

10Y CAGR-6.8%

Norwegian Cruise Line Hldg Ltd earned $0.92 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 51.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.2B

YoY-239.5%

Norwegian Cruise Line Hldg Ltd generated -$1.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 239.5% from the prior year.

Cash & Debt

$209.9M

YoY+10.0%

5Y CAGR-42.4%

10Y CAGR+6.1%

Norwegian Cruise Line Hldg Ltd held $209.9M in cash against $13.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

455M

YoY+3.5%

5Y CAGR+7.6%

10Y CAGR+7.2%

Norwegian Cruise Line Hldg Ltd had 455M shares outstanding in fiscal year 2025. This represents an increase of 3.5% from the prior year.

Margins & Returns

Gross Margin

42.6%

YoY+2.6pp

5Y CAGR+74.9pp

Norwegian Cruise Line Hldg Ltd's gross margin was 42.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.

Operating Margin

15.9%

YoY+0.4pp

5Y CAGR+288.1pp

10Y CAGR-0.3pp

Norwegian Cruise Line Hldg Ltd's operating margin was 15.9% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.

Net Margin

4.3%

YoY-5.3pp

5Y CAGR+317.8pp

10Y CAGR-5.5pp

Norwegian Cruise Line Hldg Ltd's net profit margin was 4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.3 percentage points from the prior year.

Return on Equity

19.1%

YoY-44.7pp

5Y CAGR+111.3pp

10Y CAGR+7.8pp

Norwegian Cruise Line Hldg Ltd's ROE was 19.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 44.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3.3B

YoY+169.2%

5Y CAGR+28.1%

10Y CAGR+11.3%

Norwegian Cruise Line Hldg Ltd invested $3.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 169.2% from the prior year.

NCLH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$9.8B+3.7%	$9.5B+10.9%	$8.5B+76.5%	$4.8B+647.5%	$648.0M-49.4%	$1.3B
Cost of Revenue	$5.6B-0.9%	$5.7B+4.0%	$5.5B+28.2%	$4.3B+165.4%	$1.6B-5.0%	$1.7B
Gross Profit	$4.2B+10.5%	$3.8B+23.0%	$3.1B+434.3%	$576.7M+160.1%	-$960.1M-132.4%	-$413.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.5B+7.9%	$1.4B+6.9%	$1.3B-2.7%	$1.4B+54.7%	$891.5M+19.6%	$745.3M
Operating Income	$1.6B+6.5%	$1.5B+57.5%	$930.9M+160.0%	-$1.6B+39.2%	-$2.6B+26.7%	-$3.5B
Interest Expense	N/A	N/A	$727.5M-9.2%	$801.5M-61.8%	$2.1B+335.4%	$482.3M
Income Tax	$5.5M+104.0%	-$137.3M-4475.3%	-$3.0M+55.8%	-$6.8M-229.0%	$5.3M-57.8%	$12.5M
Net Income	$423.2M-53.5%	$910.3M+447.8%	$166.2M+107.3%	-$2.3B+49.6%	-$4.5B-12.3%	-$4.0B
EPS (Diluted)	$0.92-51.3%	$1.89+384.6%	$0.39+107.2%	$-5.41+56.1%	$-12.33+21.7%	$-15.75

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.2B-23.6%	$2.9B+16.7%	$2.5B+18.3%	$2.1B+0.9%	$2.1B-24.8%	$2.8B+18.3%	$2.4B+8.3%	$2.2B
Cost of Revenue	$1.3B-14.9%	$1.6B+6.7%	$1.5B+11.7%	$1.3B-0.3%	$1.3B-15.0%	$1.5B+5.8%	$1.5B+4.9%	$1.4B
Gross Profit	$920.9M-33.4%	$1.4B+30.4%	$1.1B+28.8%	$823.6M+2.7%	$801.8M-36.7%	$1.3B+38.1%	$917.7M+14.2%	$803.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$381.4M-0.4%	$383.0M-2.6%	$393.1M+0.4%	$391.4M+8.5%	$360.6M+0.7%	$358.0M+1.2%	$353.8M-2.4%	$362.5M
Operating Income	$186.6M-75.1%	$749.4M+76.8%	$423.8M+110.9%	$200.9M-6.4%	$214.7M-68.9%	$691.2M+102.4%	$341.6M+56.4%	$218.4M
Interest Expense	N/A	$6.8M-20.6%	$8.6M-30.0%	$12.2M	N/A	$12.2M-23.6%	$16.0M-7.6%	$17.3M
Income Tax	-$8.4M-158.3%	$14.3M+2151.3%	$637K+155.9%	-$1.1M+99.2%	-$146.8M-2222.8%	$6.9M+346.5%	$1.5M+54.7%	$1.0M
Net Income	$14.3M-96.6%	$419.3M+1298.0%	$30.0M+174.4%	-$40.3M-115.8%	$254.5M-46.4%	$474.9M+190.6%	$163.4M+841.8%	$17.4M
EPS (Diluted)	N/A	$0.86+1128.6%	$0.07+177.8%	$-0.09	N/A	$0.95+171.4%	$0.35+775.0%	$0.04

NCLH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$22.5B+12.9%	$20.0B+2.4%	$19.5B+5.0%	$18.6B-0.9%	$18.7B+1.8%	$18.4B
Current Assets	$1.1B+12.7%	$1.0B-23.1%	$1.3B-29.9%	$1.9B-43.3%	$3.3B-7.2%	$3.6B
Cash & Equivalents	$209.9M+10.0%	$190.8M-52.6%	$402.4M-57.5%	$947.0M-37.1%	$1.5B-54.4%	$3.3B
Inventory	$138.2M-7.7%	$149.7M-5.0%	$157.6M+6.0%	$148.7M+25.8%	$118.2M+43.5%	$82.4M
Accounts Receivable	$291.7M+31.7%	$221.4M-21.0%	$280.3M-14.1%	$326.3M-72.1%	$1.2B+5573.4%	$20.6M
Goodwill	$135.8M0.0%	$135.8M+38.3%	$98.1M0.0%	$98.1M0.0%	$98.1M0.0%	$98.1M
Total Liabilities	$20.3B+9.6%	$18.5B-3.4%	$19.2B+3.8%	$18.5B+13.4%	$16.3B+16.0%	$14.0B
Current Liabilities	$5.5B-5.7%	$5.8B-4.3%	$6.0B+19.5%	$5.1B+35.5%	$3.7B+94.9%	$1.9B
Long-Term Debt	$13.7B+16.6%	$11.8B-4.4%	$12.3B-2.5%	$12.6B+9.2%	$11.6B+645.2%	$1.6B
Total Equity	$2.2B+55.0%	$1.4B+373.9%	$300.8M+338.6%	$68.6M-97.2%	$2.4B-44.1%	$4.4B
Retained Earnings	-$5.6B+7.1%	-$6.0B+13.2%	-$6.9B+2.4%	-$7.1B-47.3%	-$4.8B-1523.4%	-$295.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$22.5B+1.5%	$22.2B+2.9%	$21.6B+1.1%	$21.4B+6.9%	$20.0B+0.9%	$19.8B-1.6%	$20.1B+1.5%	$19.8B
Current Assets	$1.1B+9.3%	$1.0B-11.2%	$1.2B+2.4%	$1.1B+13.4%	$1.0B-14.3%	$1.2B-25.5%	$1.6B-0.5%	$1.6B
Cash & Equivalents	$209.9M+25.8%	$166.8M-9.4%	$184.0M-0.2%	$184.4M-3.4%	$190.8M-42.6%	$332.5M-44.0%	$594.1M+6.1%	$559.8M
Inventory	$138.2M-11.1%	$155.5M-3.1%	$160.6M+3.1%	$155.7M+4.0%	$149.7M+3.2%	$145.1M-3.3%	$149.9M-5.0%	$157.9M
Accounts Receivable	$291.7M+15.5%	$252.6M-4.9%	$265.8M-1.8%	$270.5M+22.2%	$221.4M+10.2%	$200.8M-4.1%	$209.3M-25.8%	$282.3M
Goodwill	$135.8M0.0%	$135.8M0.0%	$135.8M0.0%	$135.8M0.0%	$135.8M0.0%	$135.8M0.0%	$135.8M+38.3%	$98.1M
Total Liabilities	$20.3B+1.6%	$20.0B0.0%	$20.0B+0.4%	$19.9B+7.5%	$18.5B-0.6%	$18.7B-4.0%	$19.4B-0.2%	$19.5B
Current Liabilities	$5.5B+1.9%	$5.3B-16.3%	$6.4B+4.8%	$6.1B+5.4%	$5.8B-4.3%	$6.0B-9.0%	$6.6B+0.5%	$6.6B
Long-Term Debt	$13.7B+0.6%	$13.6B+8.0%	$12.6B-1.9%	$12.9B+9.3%	$11.8B+0.2%	$11.8B-1.4%	$11.9B-0.8%	$12.0B
Total Equity	$2.2B+0.8%	$2.2B+39.7%	$1.6B+10.8%	$1.4B-0.6%	$1.4B+25.6%	$1.1B+63.8%	$693.1M+91.4%	$362.1M
Retained Earnings	-$5.6B+0.3%	-$5.6B+7.0%	-$6.0B+0.5%	-$6.0B-0.7%	-$6.0B+4.1%	-$6.2B+7.1%	-$6.7B+2.4%	-$6.9B

NCLH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.1B+1.9%	$2.0B+2.2%	$2.0B+855.0%	$210.0M+108.5%	-$2.5B+3.5%	-$2.6B
Capital Expenditures	$3.3B+169.2%	$1.2B-56.0%	$2.8B+54.2%	$1.8B+136.9%	$752.8M-20.5%	$946.5M
Free Cash Flow	-$1.2B-239.5%	$838.9M+212.7%	-$744.6M+52.7%	-$1.6B+51.1%	-$3.2B+8.0%	-$3.5B
Investing Cash Flow	-$3.3B-165.6%	-$1.2B+57.6%	-$2.9B-65.0%	-$1.8B-74.9%	-$1.0B-2.9%	-$975.4M
Financing Cash Flow	$1.2B+215.7%	-$1.0B-397.6%	$346.9M-64.8%	$986.2M-41.2%	$1.7B-74.5%	$6.6B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$459.1M+94.1%	$236.6M-66.9%	$714.9M+5.2%	$679.2M+70.1%	$399.3M+131.4%	$172.5M-74.3%	$670.9M-16.9%	$807.2M
Capital Expenditures	$437.6M-54.6%	$963.1M+188.7%	$333.6M-78.1%	$1.5B+526.5%	$243.4M-33.9%	$368.0M+8.0%	$340.7M+31.6%	$258.9M
Free Cash Flow	$21.5M+103.0%	-$726.5M-290.6%	$381.2M+145.1%	-$846.0M-642.9%	$155.8M+179.7%	-$195.5M-159.2%	$330.2M-39.8%	$548.3M
Investing Cash Flow	-$433.1M+55.0%	-$963.5M-186.9%	-$335.8M+78.1%	-$1.5B-528.7%	-$243.7M+33.2%	-$364.8M+0.2%	-$365.6M-43.2%	-$255.2M
Financing Cash Flow	$17.1M-97.6%	$709.7M+287.1%	-$379.4M-144.8%	$846.6M+384.8%	-$297.3M-329.1%	-$69.3M+74.4%	-$271.0M+31.3%	-$394.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NCLH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	42.6%+2.6pp	40.0%+3.9pp	36.0%+24.1pp	11.9%+160.1pp	-148.2%-115.9pp	-32.3%
Operating Margin	15.9%+0.4pp	15.5%+4.6pp	10.9%+42.9pp	-32.0%+361.9pp	-393.9%-121.7pp	-272.2%
Net Margin	4.3%-5.3pp	9.6%+7.7pp	1.9%+48.8pp	-46.9%+648.6pp	-695.5%-382.0pp	-313.5%
Return on Equity	19.1%-44.7pp	63.9%+8.6pp	55.2%+3364.6pp	-3309.3%-3124.1pp	-185.3%-93.1pp	-92.2%
Return on Assets	1.9%-2.7pp	4.6%+3.7pp	0.9%+13.1pp	-12.2%+11.8pp	-24.1%-2.3pp	-21.8%
Current Ratio	0.21+0.0	0.17-0.0	0.22-0.2	0.37-0.5	0.89-1.0	1.86
Debt-to-Equity	6.21-2.0	8.26-32.7	40.94-143.2	184.14+179.4	4.76+4.4	0.36
FCF Margin	-11.9%-20.8pp	8.8%+17.6pp	-8.7%+23.8pp	-32.5%+464.6pp	-497.1%-223.4pp	-273.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	41.0%-6.0pp	47.1%+4.9pp	42.1%+3.4pp	38.7%+0.7pp	38.0%-7.2pp	45.2%+6.5pp	38.7%+2.0pp	36.7%
Operating Margin	8.3%-17.2pp	25.5%+8.7pp	16.8%+7.4pp	9.4%-0.7pp	10.2%-14.4pp	24.6%+10.2pp	14.4%+4.4pp	10.0%
Net Margin	0.6%-13.6pp	14.3%+13.1pp	1.2%+3.1pp	-1.9%-14.0pp	12.1%-4.8pp	16.9%+10.0pp	6.9%+6.1pp	0.8%
Return on Equity	0.7%-18.5pp	19.1%+17.2pp	1.9%+4.8pp	-2.8%-20.7pp	17.9%-24.0pp	41.8%+18.3pp	23.6%+18.8pp	4.8%
Return on Assets	0.1%-1.8pp	1.9%+1.8pp	0.1%+0.3pp	-0.2%-1.5pp	1.3%-1.1pp	2.4%+1.6pp	0.8%+0.7pp	0.1%
Current Ratio	0.21+0.0	0.19+0.0	0.180.0	0.19+0.0	0.17-0.0	0.20-0.0	0.240.0	0.24
Debt-to-Equity	6.210.0	6.22-1.8	8.05-1.0	9.09+0.8	8.26-2.1	10.35-6.8	17.19-16.0	33.16
FCF Margin	1.0%+25.7pp	-24.7%-39.9pp	15.1%+54.9pp	-39.8%-47.2pp	7.4%+14.4pp	-7.0%-20.9pp	13.9%-11.1pp	25.0%

Note: The current ratio is below 1.0 (0.21), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Norwegian Cruise Line Hldg Ltd's annual revenue?

Norwegian Cruise Line Hldg Ltd (NCLH) reported $9.8B in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Norwegian Cruise Line Hldg Ltd's revenue growing?

Norwegian Cruise Line Hldg Ltd (NCLH) revenue grew by 3.7% year-over-year, from $9.5B to $9.8B in fiscal year 2025.

Is Norwegian Cruise Line Hldg Ltd profitable?

Yes, Norwegian Cruise Line Hldg Ltd (NCLH) reported a net income of $423.2M in fiscal year 2025, with a net profit margin of 4.3%.

What is Norwegian Cruise Line Hldg Ltd's EBITDA?

Norwegian Cruise Line Hldg Ltd (NCLH) had EBITDA of $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Norwegian Cruise Line Hldg Ltd have?

As of fiscal year 2025, Norwegian Cruise Line Hldg Ltd (NCLH) had $209.9M in cash and equivalents against $13.7B in long-term debt.

What is Norwegian Cruise Line Hldg Ltd's gross margin?

Norwegian Cruise Line Hldg Ltd (NCLH) had a gross margin of 42.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Norwegian Cruise Line Hldg Ltd's operating margin?

Norwegian Cruise Line Hldg Ltd (NCLH) had an operating margin of 15.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Norwegian Cruise Line Hldg Ltd's net profit margin?

Norwegian Cruise Line Hldg Ltd (NCLH) had a net profit margin of 4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Norwegian Cruise Line Hldg Ltd's return on equity (ROE)?

Norwegian Cruise Line Hldg Ltd (NCLH) has a return on equity of 19.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Norwegian Cruise Line Hldg Ltd's free cash flow?

Norwegian Cruise Line Hldg Ltd (NCLH) generated -$1.2B in free cash flow during fiscal year 2025. This represents a -239.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Norwegian Cruise Line Hldg Ltd's operating cash flow?

Norwegian Cruise Line Hldg Ltd (NCLH) generated $2.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Norwegian Cruise Line Hldg Ltd's total assets?

Norwegian Cruise Line Hldg Ltd (NCLH) had $22.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Norwegian Cruise Line Hldg Ltd's capital expenditures?

Norwegian Cruise Line Hldg Ltd (NCLH) invested $3.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Norwegian Cruise Line Hldg Ltd have outstanding?

Norwegian Cruise Line Hldg Ltd (NCLH) had 455M shares outstanding as of fiscal year 2025.

What is Norwegian Cruise Line Hldg Ltd's current ratio?

Norwegian Cruise Line Hldg Ltd (NCLH) had a current ratio of 0.21 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Norwegian Cruise Line Hldg Ltd's debt-to-equity ratio?

Norwegian Cruise Line Hldg Ltd (NCLH) had a debt-to-equity ratio of 6.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Norwegian Cruise Line Hldg Ltd's return on assets (ROA)?

Norwegian Cruise Line Hldg Ltd (NCLH) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Norwegian Cruise Line Hldg Ltd's Altman Z-Score?

Norwegian Cruise Line Hldg Ltd (NCLH) has an Altman Z-Score of 0.35, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Norwegian Cruise Line Hldg Ltd's Piotroski F-Score?

Norwegian Cruise Line Hldg Ltd (NCLH) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Norwegian Cruise Line Hldg Ltd's earnings high quality?

Norwegian Cruise Line Hldg Ltd (NCLH) has an earnings quality ratio of 4.94x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Norwegian Cruise Line Hldg Ltd?

Norwegian Cruise Line Hldg Ltd (NCLH) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.