Celsius Holdings Inc (CELH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,204,900 | 1,215,150 | 1,072,260 | 993,111 | 917,971 | 1,027,020 | 303,728 | 298,208 | 262,361 | 252,562 | 205,306 | 112,218 | 93,151 | 90,941 | 61,901 | 56,662 | 51,509 | 48,942 | 32,563 | 32,620 |
| 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 |
| Current ratio | 4.36 | 3.62 | 3.98 | 5.18 | 5.69 | 3.79 | 2.87 | 2.67 | 2.82 | 2.70 | 3.78 | 2.90 | 3.53 | 3.16 | 2.06 | 1.94 | 1.93 | 4.42 | 3.48 | 3.53 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,204,900K ÷ $276,613K
= 4.36
The current ratio of Celsius Holdings Inc has shown fluctuation over the past eight quarters. The current ratio measures the company's ability to cover short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position.
In Q4 2023, the current ratio was 4.36, which indicates that the company had $4.36 in current assets for every $1 in current liabilities. This represents a robust liquidity position compared to previous quarters.
In Q3 2023, the current ratio was 3.62, a decrease from the previous quarter but still at a healthy level, showing the company's ability to meet short-term obligations.
In Q2 2023, the current ratio increased to 3.98, indicating a strengthening liquidity position compared to the previous quarter.
In Q1 2023, the current ratio was 5.18, representing a significant increase from the previous quarter and highlighting the company's ability to cover its short-term liabilities comfortably.
Comparing these recent ratios to those of the previous year, we see a general trend of improvement in the company's liquidity position. The current ratios in Q4 2022, Q3 2022, Q2 2022, and Q1 2022 were 5.69, 3.79, 2.87, and 2.67 respectively, showing a mixed performance over that period.
Overall, the current ratio of Celsius Holdings Inc has exhibited fluctuations but generally reflects a healthy liquidity position, allowing the company to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2023