Celsius Holdings Inc (CELH)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 890,190 | 903,748 | 903,210 | 879,498 | 755,981 | 760,022 | 681,054 | 595,476 | 614,159 | 592,134 | 60,031 | 25,532 | 16,255 | 61,377 | 83,790 | 31,635 | 43,248 | 52,158 | 20,111 | 19,094 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 365,535 | 289,460 | 312,984 | 315,269 | 276,613 | 335,517 | 269,225 | 191,731 | 161,295 | 271,293 | 105,834 | 111,751 | 93,124 | 93,421 | 54,257 | 38,643 | 26,365 | 28,772 | 30,076 | 29,233 |
| Cash ratio | 2.44 | 3.12 | 2.89 | 2.79 | 2.73 | 2.27 | 2.53 | 3.11 | 3.81 | 2.18 | 0.57 | 0.23 | 0.17 | 0.66 | 1.54 | 0.82 | 1.64 | 1.81 | 0.67 | 0.65 |
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, which measures the company's ability to cover its short-term obligations with its cash and cash equivalents, has shown fluctuation over the past few years. The ratio was relatively low in the range of 0.17 to 1.81 from December 31, 2020, to September 30, 2021. This indicated that the company had a moderate level of cash reserves compared to its current liabilities during this period.
From September 30, 2021, to June 30, 2022, the cash ratio improved significantly, reaching a peak of 3.81 by the end of December 31, 2022. This sharp increase suggested that Celsius Holdings Inc had enhanced its liquidity position, potentially due to improved cash management practices or increased cash reserves.
Subsequently, the cash ratio gradually declined but remained above 2.0 from March 31, 2023, to December 31, 2024. This indicated that the company still had a strong ability to cover its short-term obligations with its available cash and cash equivalents.
Overall, the trend in the cash ratio of Celsius Holdings Inc reflects varying levels of liquidity over the analyzed period, with notable improvements in liquidity management and cash reserves observed in certain quarters.
Peer comparison
Dec 31, 2024