Celsius Holdings Inc (CELH)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 23,091 | 20,532 | 4,832 | 2,763 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 26,683 | 11,073 | 9,356 | 9,231 |
| Cash ratio | 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 | 0.87 | 1.85 | 0.52 | 0.30 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($755,981K
+ $—K)
÷ $276,613K
= 2.73
The cash ratio of Celsius Holdings Inc has displayed some fluctuations over the past eight quarters. In Q4 2023, the cash ratio stood at 2.86, indicating that the company had $2.86 in cash and cash equivalents for every $1 of current liabilities. This was an improvement from the previous quarter (Q3 2023) where the ratio was 2.39.
Looking further back, in Q1 2023, the cash ratio was 3.28, which was the highest among the reported quarters. This suggests that the company had a strong ability to cover its short-term liabilities with cash on hand at that time.
In comparison to the same quarter the previous year (Q4 2022), the cash ratio has declined from 3.98 to 2.86. This indicates that the company may have had a lower level of cash relative to its current liabilities in the most recent quarter compared to a year ago.
Overall, the cash ratio of Celsius Holdings Inc has shown variability, with some quarters exhibiting stronger liquidity positions than others. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to meet its short-term obligations using its available cash resources.
Peer comparison
Dec 31, 2023