Celsius Holdings Inc (CELH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 890,190 | 755,981 | 614,159 | 16,255 | 43,248 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 270,342 | 186,021 | 66,290 | 41,329 | 16,872 |
| Total current liabilities | US$ in thousands | 365,535 | 276,613 | 161,295 | 93,124 | 26,365 |
| Quick ratio | 3.17 | 3.41 | 4.22 | 0.62 | 2.28 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($890,190K
+ $—K
+ $270,342K)
÷ $365,535K
= 3.17
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio greater than 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
- As of December 31, 2020, Celsius Holdings Inc had a quick ratio of 2.28, reflecting a strong ability to meet its short-term obligations with liquid assets.
- By December 31, 2021, the quick ratio decreased significantly to 0.62, indicating a potential strain on the company's liquidity and ability to meet short-term liabilities.
- In the following years, Celsius Holdings Inc showed an improvement in its quick ratio:
- As of December 31, 2022, the quick ratio increased to 4.22, signaling a substantial improvement in liquidity.
- By December 31, 2023, the quick ratio stood at 3.41, maintaining a healthy level of liquidity to cover short-term obligations.
- As of December 31, 2024, the quick ratio was 3.17, indicating a continued strong ability to meet short-term liabilities with liquid assets.
Overall, fluctuations in Celsius Holdings Inc's quick ratio over the years suggest varying levels of liquidity and ability to cover short-term obligations, with notable improvements in later years compared to 2021.
Peer comparison
Dec 31, 2024