• Norwegian Cruise Line Holdings average return on tangible equity for 2023 was 171.85, a 124.15% decline from 2022.
• Norwegian Cruise Line Holdings average return on tangible equity for 2022 was -711.71, a 504.27% decline from 2021.
• Norwegian Cruise Line Holdings average return on tangible equity for 2021 was -117.78, a 75.4% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.