Celsius Holdings Inc (CELH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,324,580 | 1,363,470 | 1,384,990 | 1,315,020 | 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 |
| 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 |
| Current ratio | 3.62 | 4.71 | 4.43 | 4.17 | 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 |
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 significant fluctuations over the past few years, ranging from as low as 1.94 to as high as 5.69. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.
Between March 31, 2020, and December 31, 2022, the current ratio generally increased, reaching a peak of 5.69 by the end of 2022. This indicates that the company had a stronger ability to meet its short-term obligations during this period.
However, there was a notable decrease in the current ratio in the following quarters, with the ratio dropping to 3.62 by the end of December 31, 2024. Despite the decrease, the current ratio remained above 2.0, indicating that Celsius Holdings Inc still had a healthy liquidity position and was able to cover its short-term obligations with its current assets.
Overall, the current ratio analysis suggests that Celsius Holdings Inc has maintained a relatively stable liquidity position, with fluctuations reflecting changes in the company's current asset and current liability composition over time. Continued monitoring of the current ratio will be important to assess the company's ongoing liquidity and financial health.
Peer comparison
Dec 31, 2024