Is Norwegian Cruise Line Holdings Ltd. (NCLH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 143.5% / 30% | 2.1% / 30% | 2.4% / 30% | 0.57% / 5% | ✗ NOT HALAL |
| DJIM | 143.5% / 33% | 2.1% / 33% | 2.4% / 33% | 0.57% / 5% | ✗ NOT HALAL |
| MSCI | 65.6% / 33% | 1.0% / 33% | 1.1% / 33% | 0.57% / 5% | ✗ NOT HALAL |
| S&P | 143.5% / 33% | 2.1% / 33% | 2.4% / 33% | 0.57% / 5% | ✗ NOT HALAL |
| FTSE | 65.6% / 33% | 1.0% / 33% | 1.1% / 50% | 0.57% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.6% | |
| Operating Margin | 8.3% | |
| Net Margin | 4.3% | |
| Return on Equity (ROE) | 23.3% | |
| Return on Assets (ROA) | 4.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.1B |
| Free Cash Flow | -$1.2B |
| Total Debt | $14.6B |
| Debt-to-Equity | 703.0 |
| Current Ratio | 0.2 |
| Total Assets | $22.5B |
Price & Trading
| Last Close | $19.85 |
| 50-Day MA | $21.65 |
| 200-Day MA | $22.24 |
| Avg Volume | 21.0M |
| Beta | 2.0 |
|
52-Week Range
$14.21
| |
About Norwegian Cruise Line Holdings Ltd. (NCLH)
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida.
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Frequently Asked Questions
Is Norwegian Cruise Line Holdings Ltd. (NCLH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Norwegian Cruise Line Holdings Ltd. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Norwegian Cruise Line Holdings Ltd.'s debt ratio?
Norwegian Cruise Line Holdings Ltd.'s debt ratio is 143.5% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 65.6%.
What are Norwegian Cruise Line Holdings Ltd.'s key financial metrics?
Norwegian Cruise Line Holdings Ltd. has a market capitalization of $8.4B, trailing P/E ratio of 20.1, and revenue of $9.8B. The company maintains a gross margin of 42.6% and a net margin of 4.3%. Return on equity stands at 23.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.