Celsius Holdings Inc (CELH)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 755,981 | 614,159 | 16,255 | 43,248 | 23,091 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 186,021 | 66,290 | 41,329 | 16,872 | 8,956 |
| Total current liabilities | US$ in thousands | 276,613 | 161,295 | 93,124 | 26,365 | 26,683 |
| Quick ratio | 3.41 | 4.22 | 0.62 | 2.28 | 1.20 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($755,981K
+ $—K
+ $186,021K)
÷ $276,613K
= 3.41
The quick ratio of Celsius Holdings Inc has shown significant fluctuations over the past five years. In 2023, the quick ratio stands at 3.53, indicating a strong ability to meet short-term obligations with liquid assets. This is an improvement from 2022 when the quick ratio was 4.38, suggesting even higher liquidity. However, in 2021, the quick ratio dropped to 0.76, signaling potential liquidity challenges as the company may struggle to cover immediate liabilities with its current quick assets. The quick ratio rebounded in 2022 to 2.84, reflecting an enhanced ability to meet short-term obligations. In 2019, the quick ratio was 1.36, showing a moderate liquidity position compared to other years analyzed. Overall, the company's quick ratio has shown varying levels of liquidity over the years, emphasizing the importance of closely monitoring changes in liquid assets and liabilities to ensure sustainable financial health.
Peer comparison
Dec 31, 2023