What is the financial status of Norwegian Cruise Line?
What is the financial status of Norwegian Cruise Line? As of June 30, 2023, the Company had a total debt position of $13.1 billion. The Company continues to expect to refinance its Operating Credit Facility by year-end. As of June 30, 2023, total Net Debt was $12.2 billion and the Company expects continued improvement in its Net Leverage.
Who owns the most Norwegian Cruise Line stock?
Largest shareholders include Vanguard Group Inc, Capital International Investors, BlackRock Inc., AGTHX - GROWTH FUND OF AMERICA Class A, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, NAESX - Vanguard Small-Cap Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor ...
Which cruise line has most debt?
Covid-19 shut the industry for the best part of two years, leaving the Big Three — Carnival Corp, Royal Caribbean Group and Norwegian Cruise Line Holdings — under an unprecedented pile of debt that they will be paying down for years. Carnival is $35bn in the hole, Royal Caribbean owes $24bn and Norwegian owes $13.4bn.
Who is the biggest cruise line company?
Carnival Corporation & plc/Carnival UK is the world's largest cruise company and operates over 100 ships across 9 cruise lines (Carnival Cruise, Holland America, Princess, Seabourn, P&O Australia, P&O, Cunard, Costa Cruises and Aida (mainly German market).
What is the highest NCL stock has ever been?
- The all-time high Norwegian Cruise Line Holdings stock closing price was 63.76 on November 02, 2015.
- The Norwegian Cruise Line Holdings 52-week high stock price is 22.75, which is 73.7% above the current share price.
Does cruise have a future?
CLIA forecasts passenger numbers will not only meet but exceed pre-pandemic levels by the end of 2023. And according to Cruise Industry News' cruise ship orderbook for ocean-going vessels, nearly 40 new ships are lined up to debut this year alone, with more than 75 vessels on order through 2027.
Why is Norwegian Cruise Line stock falling?
The company's guidance for the third quarter, typically the best three months for cruise operators, fell short of expectations, and it's being punished by investors. Norwegian expects adjusted earnings of 70 cents per share in the third quarter, below estimates of 80 cents per share, according to FactSet data.
Who dominates the cruise industry?
Although Royal Caribbean Cruises operates some of the largest cruise ships worldwide, the brand's main competitor Carnival Corporation remains the leading global cruise company based on revenue.
Is Norwegian Cruise Lines financially stable?
In the case of Norwegian Cruise Line Holdings, both the revenue per share (evident from the last five years' TTM data: 2019: 28.67; 2020: 21.68; 2021: 0.08; 2022: 5.74; 2023: 16.54; ) and the 5-year revenue growth rate (-32%) have been on a consistent downward trajectory.
Is the cruise industry doing well?
He added: Cruise is expected to recover faster than the larger tourism segment. Data found that global capacity is predicted to grow by 19 percent to more than 746,000 berths from 2022 to 2028. Research also showed that 85 percent of those that have cruised will sail again, six percent higher than pre-pandemic totals.