Celsius Holdings Inc (CELH)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 890,190 | 755,981 | 614,159 | 16,255 | 43,248 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 365,535 | 276,613 | 161,295 | 93,124 | 26,365 |
| Cash ratio | 2.44 | 2.73 | 3.81 | 0.17 | 1.64 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($890,190K
+ $—K)
÷ $365,535K
= 2.44
The cash ratio of Celsius Holdings Inc has recorded fluctuations over the years based on the provided data. In December 31, 2020, the cash ratio stood at 1.64, indicating that the company had $1.64 in cash and cash equivalents for every $1 of current liabilities. However, there was a significant decline in the cash ratio by December 31, 2021, dropping to 0.17, which could suggest potential liquidity challenges or a decrease in cash reserves relative to short-term obligations.
The company's cash ratio then experienced a substantial improvement by December 31, 2022, reaching 3.81, reflecting a strong liquidity position with more than enough cash to cover its current liabilities. This increase could be attributed to improved cash management practices or an increase in cash holdings. In the following years, the cash ratio remained relatively stable, at 2.73 by December 31, 2023, and 2.44 by December 31, 2024, indicating that the company continued to maintain a healthy liquidity position.
Overall, the varying trends in Celsius Holdings Inc's cash ratio over the years highlight the importance of closely monitoring cash levels relative to short-term obligations to ensure the company's ability to meet its financial commitments and capitalize on growth opportunities.
Peer comparison
Dec 31, 2024