Celsius Holdings Inc (CELH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,204,900 | 917,971 | 262,361 | 93,151 | 51,509 |
| Total current liabilities | US$ in thousands | 276,613 | 161,295 | 93,124 | 26,365 | 26,683 |
| Current ratio | 4.36 | 5.69 | 2.82 | 3.53 | 1.93 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,204,900K ÷ $276,613K
= 4.36
Celsius Holdings Inc's current ratio has experienced fluctuations over the past five years, ranging from 1.93 in 2019 to 5.69 in 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher ratio generally indicates a healthier financial position, as the company has more current assets to cover its current liabilities.
In 2023, Celsius Holdings Inc's current ratio stands at 4.36, reflecting a decline from the previous year's level. While the current ratio remains above 1, indicating the company's ability to meet its short-term debt obligations, the downward trend suggests a potential decrease in liquidity compared to 2022. It is important for stakeholders to monitor the current ratio in conjunction with other financial metrics to assess the company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2023