Norwegian Cruise Line Holdings Ltd.

NCLHNYSEConsumer Cyclical● Active

$19.14

+$0.39(+2.05%)

Market Cap$8.8B

P/E Ratio—

52W High$27.18

52W Low$14.53

Avg Volume22.7M

Open$18.47

Beta1.91

Cash on Hand Financials Revenue

Norwegian Cruise Line Holdings Ltd. (NCLH) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

NCLH · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$209.9M▲ +10.0% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$209.9M

cashAndCashEquivalents

Short-Term Investments

shortTermInvestments

YoY Change vs Prior Year

+10.0%

vs prior fiscal year

Latest Quarter

$185.0M

Q1 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$209.9MCash on Hand

Total Debt$14.61BTotal Debt

Net Cash / Net Debt−$14.40BNet Debt Position

Cash vs Debt Ratio

Cash 1%Norwegian Cruise Line Holdings Ltd. cash as % of market cap: 2.39%% · MCap $9BDebt 99%

Norwegian Cruise Line Holdings Ltd. carries a net debt position of $14.40B. Total debt ($14.61B) exceeds cash on hand ($209.9M). Norwegian Cruise Line Holdings Ltd. cash vs debt ratio: 1% cash / 99% debt.

Net Cash = Cash & ST Investments − Total Debt$209.9M − $14.61B = −$14.40B

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

NCLH annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

NCLH cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$209.9M+10.0%

Dec 31, 2024FY$190.8M-52.6%

Dec 31, 2023FY$402.4M-57.5%

Dec 31, 2022FY$947.0M-45.8%

Dec 31, 2021FY$1.75B-47.1%

NCLH cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Consumer Cyclical Sector Cash Reserves Comparison

NCLH vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

Alibaba Group Holding Limited

Norwegian Cruise Line Holdings Ltd.YOU

NCLH

$209.9M$9B2.4%

Consumer Cyclical sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

Norwegian Cruise Line Holdings Ltd. (NCLH) cash on hand as of December 31, 2025 is $209.9M, comprising $209.9M in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as Norwegian Cruise Line Holdings Ltd. cash and short-term investments on the balance sheet (10-K filing). Also referred to as Norwegian Cruise Line Holdings Ltd. cash reserves or cash position.

Norwegian Cruise Line Holdings Ltd. annual cash on hand history shows increased +10.0% in 2025: increased +10.0% in 2025. Norwegian Cruise Line Holdings Ltd. cash reserves in 2025 reflect the company's capital allocation strategy.

Norwegian Cruise Line Holdings Ltd. carries total debt of $14.61B against cash of $209.9M, resulting in a net debt position of -$14.40B. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

NCLH cash on hand · 5 questions

As of December 31, 2025, Norwegian Cruise Line Holdings Ltd. (NCLH) has $209,893,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $209,893,000 in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (March 31, 2026): $185,047,000. Data sourced from the annual 10-K filing via FMP.

NCLH cash on handNCLH cash reservesNCLH cash 2025how much cash does NCLH have

▸ Source: FMP /balance-sheet-statement · US GAAP · Norwegian Cruise Line Holdings Ltd. · Norwegian Cruise Line Holdings Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025