Norwegian Cruise Line Balance Sheet
NYSE: NCLHConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norwegian Cruise Line financial position
At the end of fiscal 2025, Norwegian Cruise Line reported total assets of $22.54 billion, up 12.9% from a year earlier against total liabilities of $20.33 billion. Shareholders' equity stood at $2.21 billion, or 9.8% of assets. The company held $209.9 million in cash and equivalents against $14.61 billion of debt, a net debt position of $14.40 billion.
The current ratio (current assets divided by current liabilities) was 0.21, meaning short-term obligations exceed short-term assets. Debt-to-equity was 6.61.
Summary generated from market data by MetaCap's automated system. Methodology
Norwegian Cruise Line balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 209.89M | 190.76M | 402.42M | 946.99M | 1.51B | 3.30B | 252.88M | 163.85M | 176.19M | 128.35M |
| Short-Term Investments | — | — | — | — | 240.00M | — | — | — | — | — |
| Receivables | 291.66M | 221.41M | 280.27M | 326.27M | 1.17B | 20.58M | 75.11M | 55.25M | 43.96M | 63.22M |
| Inventory | 138.18M | 149.72M | 157.65M | 148.72M | 118.20M | 82.38M | 95.43M | 90.20M | 82.12M | 66.25M |
| Total Current Assets | 1.14B | 1.01B | 1.31B | 1.87B | 3.30B | 3.56B | 730.14M | 550.31M | 518.34M | 411.09M |
| Property, Plant & Equipment | 19.07B | 16.81B | 16.43B | 14.52B | 13.53B | 13.41B | 13.14B | 12.12B | 11.04B | 10.12B |
| Goodwill | 135.76M | 135.76M | 98.13M | 98.13M | 98.13M | 98.13M | 1.39B | 1.39B | 1.39B | 1.39B |
| Intangible Assets | 500.52M | 500.52M | 500.52M | 500.52M | 500.52M | 500.52M | 817.52M | 817.52M | 817.52M | 817.52M |
| Total Assets | 22.54B | 19.97B | 19.49B | 18.56B | 18.73B | 18.40B | 16.68B | 15.21B | 14.09B | 12.97B |
| Accounts Payable | 169.66M | 171.11M | 174.34M | 228.74M | 233.17M | 83.14M | 100.78M | 159.56M | 53.43M | 38.00M |
| Short-Term Debt | 875.90M | 1.32B | 1.74B | 991.13M | 876.89M | 124.89M | 746.36M | 681.22M | 619.37M | 560.19M |
| Total Current Liabilities | 5.45B | 5.78B | 6.04B | 5.05B | 3.73B | 1.91B | 3.58B | 3.15B | 2.49B | 2.31B |
| Long-Term Debt | 13.73B | 11.78B | 12.31B | 12.63B | 11.57B | 11.68B | 6.06B | 5.81B | 5.69B | 5.84B |
| Total Liabilities | 20.33B | 18.54B | 19.19B | 18.49B | 16.30B | 14.05B | 10.17B | 9.24B | 8.35B | 8.44B |
| Shareholders' Equity | 2.21B | 1.43B | 300.81M | 68.59M | 2.43B | 4.35B | 6.52B | 5.96B | 5.75B | 4.54B |
| Retained Earnings | -5.57B | -5.99B | -6.90B | -7.07B | -4.80B | -295.45M | 3.83B | 2.90B | 1.96B | 1.20B |
| Total Debt | 14.61B | 13.10B | 14.06B | 13.62B | 12.45B | 11.81B | 6.80B | 6.49B | 6.31B | 6.40B |
| Net Cash (Debt) | -14.40B | -12.91B | -13.66B | -12.67B | -10.70B | -8.51B | -6.55B | -6.33B | -6.13B | -6.27B |
| Shares Outstanding | 455.26M | 439.86M | 425.55M | 421.41M | 416.89M | 315.64M | 213.08M | 217.65M | 228.53M | 227.24M |
This table shows 10 annual periods of Norwegian Cruise Line's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow NCLH's reporting calendar. What is a balance sheet?