NCLH NYSE
Credit Risk of going bust: higher than 83% of companies Debt: 67.5% of company value Bonds: $801.4M held by 506 funds, 234 bp over Treasuries → details ▾
If the stock fell to about $2.21 (down 86%), Norwegian Cruise Line Holdings Ltd. would be worth roughly what it owes.
Total debt $15.03B against a stock market value of $7.23B.
Distance to default 2.35 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $8.09B (short-term plus half of long-term), stock volatility 54.7%; Altman Z'' -1.54. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Miami, FL 33126
US
Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. NCLH offers an extensive range of voyages, from brief three-day excursions to lengthy 180-day expeditions. These itineraries explore a comprehensive list of destinations worldwide, including Scandinavia, Russia, the Mediterranean, and the Greek Isles; the Alaskan wilderness, Canada and New England; Hawaii, Asia, Tahiti, and the South Pacific; Australia and New Zealand; Africa, India, and South America; as well as the Panama Canal and the Caribbean. As of December 31, 2021, the company commanded a fleet of 28 ships, providing approximately 59,150 berths for guests. Its travel products are distributed through multiple channels, including independent retail/travel advisors, direct sales onboard its ships, and specialized services for meetings, incentives, and private charters. Founded in 1966, Norwegian Cruise Line Holdings Ltd. maintains its corporate headquarters in Miami, Florida.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| CHIDSEY JOHN | P-Purchase | 153,000 | $16.37 | 2026-05-22 |
| COHEN JONATHAN Z | P-Purchase | 30,000 | $15.83 | 2026-05-20 |
| Cil Jose E. | P-Purchase | 10,000 | $14.91 | 2026-05-19 |
| Cil Jose E. | P-Purchase | 5,000 | $15.25 | 2026-05-18 |
| MacDonald Brian P | P-Purchase | 15,000 | $16.54 | 2026-05-11 |