Celsius Holdings Inc (CELH)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,324,580 | 1,204,900 | 917,971 | 262,361 | 93,151 |
| Total current liabilities | US$ in thousands | 365,535 | 276,613 | 161,295 | 93,124 | 26,365 |
| Current ratio | 3.62 | 4.36 | 5.69 | 2.82 | 3.53 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,324,580K ÷ $365,535K
= 3.62
The current ratio of Celsius Holdings Inc has shown fluctuations over the past five years, ranging from a low of 2.82 in December 31, 2021, to a high of 5.69 in December 31, 2022. A current ratio above 1 indicates that the company has more current assets than current liabilities, which generally signifies good liquidity.
The ratio peaked in December 31, 2022, indicating that the company had significantly more current assets available to cover its short-term obligations at that time. However, it dropped in subsequent years, reaching 3.62 by December 31, 2024. While still above 1, this downward trend suggests a potential decrease in liquidity or an increase in short-term liabilities relative to current assets.
Overall, the current ratio for Celsius Holdings Inc demonstrates their ability to meet short-term obligations, but the fluctuations should be carefully monitored to ensure ongoing liquidity and financial stability.
Peer comparison
Dec 31, 2024