Norwegian Cruise Line Holdings (WBO:NCLH) LT-Debt-to-Total-Asset : 0.61 (As of Mar. 2024)

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What is Norwegian Cruise Line Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Norwegian Cruise Line Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.61.

Norwegian Cruise Line Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.65) to Mar. 2024 (0.61). It may suggest that Norwegian Cruise Line Holdings is progressively becoming less dependent on debt to grow their business.

Norwegian Cruise Line Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Norwegian Cruise Line Holdings's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Norwegian Cruise Line Holdings LT-Debt-to-Total-Asset Chart

Norwegian Cruise Line Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.64

0.62

0.68

0.63

Norwegian Cruise Line Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.65	0.68	0.66	0.63	0.61

Norwegian Cruise Line Holdings LT-Debt-to-Total-Asset Calculation

Norwegian Cruise Line Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11292.073	/	17875.072
	=	0.63

Norwegian Cruise Line Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	11044.872	/	18239.173
	=	0.61

Norwegian Cruise Line Holdings (WBO:NCLH) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Norwegian Cruise Line Holdings (WBO:NCLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Norwegian Cruise Line Holdings Ltd (WBO:NCLH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NCLH:USA NCLH:Mexico 1NC:Germany N1CL34:Brazil

Address

7665 Corporate Center Drive, Miami, FL, USA, 33126

Website

https://www.nclhltdinvestor.com

Norwegian Cruise Line is the world's third-largest cruise company by berths (at more than 66,000), operating 31 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company had redeployed its entire fleet as of May 2022. With six passenger vessels on order among its brands through 2028 (representing 16,500 incremental berths), Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.