Total Debt for Norwegian Cruise Line (NCLH)
According to Norwegian Cruise Line's latest reported financial statements, the company's latest reported total debt is $14.61B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$14.61B
YoY change
+5.0%
5Y CAGR
+4.3%
Peak year (2025)
$14.61B
Latest annual
$14.61B
Total Debt history chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Total Debt history table for Norwegian Cruise Line (NCLH) from 2004 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $14.61B | +5.0% | ||
| 2024 | $13.92B | -1.0% | ||
| 2023 | $14.06B | +3.2% | ||
| 2022 | $13.62B | +9.4% | ||
| 2021 | $12.45B | +5.4% | ||
| 2020 | $11.81B | +73.6% | ||
| 2019 | $6.80B | +4.8% | ||
| 2018 | $6.49B | +2.9% | ||
| 2017 | $6.31B | -1.4% | ||
| 2016 | $6.40B | +0.0% | ||
| 2015 | $6.40B | +5.2% | ||
| 2014 | $6.08B | +94.4% | ||
| 2013 | $3.13B | +4.8% | ||
| 2012 | $2.99B | -1.7% | ||
| 2011 | $3.04B | -5.2% | ||
| 2010 | $3.20B | +25.3% | ||
| 2009 | $2.56B | -3.7% | ||
| 2008 | $2.66B | -16.2% | ||
| 2007 | $3.17B | +23.8% | ||
| 2006 | $2.56B | +21.5% | ||
| 2005 | $2.11B | +24.6% | ||
| 2004 | $1.69B | — |
Total Debt values are taken from Norwegian Cruise Line's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Norwegian Cruise Line (NCLH) total debt totalled $14.61B – edged up 5.0% year-over-year.
Across 2020–2025 (5 years), Norwegian Cruise Line total debt produced a CAGR of +4.3% – with the latest reading among the more recent periods of the dataset.
The dataset's maximum total debt sits at $14.61B (2025); the minimum reading of $1.69B dates to 2004.
Within Consumer Cyclical, Norwegian Cruise Line (NCLH) ranks 6th among 8 peers we track. The peer median for total debt is $37.05B.
Norwegian Cruise Line Total Debt by Year
Norwegian Cruise Line Total Debt 2025: $14.61B
Norwegian Cruise Line total debt in 2025 was $14.61B, edged up 5.0% from 2024. This figure represents the highest annual value in the available history.
Norwegian Cruise Line Total Debt 2024: $13.92B
Norwegian Cruise Line total debt in 2024 was $13.92B, edged down 1.0% below 2023.
Norwegian Cruise Line Total Debt 2023: $14.06B
Norwegian Cruise Line total debt in 2023 was $14.06B, edged up 3.2% from 2022.
Norwegian Cruise Line Total Debt 2022: $13.62B
Norwegian Cruise Line total debt in 2022 was $13.62B, grew 9.4% from 2021.
Norwegian Cruise Line Total Debt 2021: $12.45B
Norwegian Cruise Line total debt in 2021 was $12.45B.
See more financial history for Norwegian Cruise Line (NCLH).
Sector peers — Total Debt
Companies in the same sector as Norwegian Cruise Line, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $248.49B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $152.99B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $65.35B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $54.81B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $19.29B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $13.49B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.38B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $5.38B | Consumer Cyclical |
Frequently asked questions
What is Norwegian Cruise Line's total debt?
- Latest reported total debt for Norwegian Cruise Line (NCLH) is $14.61B (period ending December 31, 2025).
How has Norwegian Cruise Line total debt changed year-over-year?
- Norwegian Cruise Line (NCLH) total debt changed +5.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Norwegian Cruise Line total debt?
- Norwegian Cruise Line (NCLH) total debt compound annual growth rate is +4.3% over the most recent 5 years available.
When did Norwegian Cruise Line total debt hit its highest annual value?
- Norwegian Cruise Line total debt reached its highest annual value of $14.61B in 2025.
What was Norwegian Cruise Line total debt in 2024?
- Norwegian Cruise Line (NCLH) total debt in 2024 was $13.92B.
What was Norwegian Cruise Line total debt in 2025?
- Norwegian Cruise Line (NCLH) total debt in 2025 was $14.61B.
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