Celsius Holdings Inc (CELH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 890,190 | 903,748 | 903,210 | 879,498 | 755,981 | 760,022 | 681,054 | 595,476 | 614,159 | 592,134 | 60,031 | 25,532 | 16,255 | 61,377 | 83,790 | 31,635 | 43,248 | 52,158 | 20,111 | 19,094 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 270,342 | 209,799 | 264,086 | 202,376 | 186,021 | 218,552 | 201,134 | 175,619 | 66,290 | 119,891 | 69,261 | 78,540 | 41,329 | 46,044 | 34,945 | 26,507 | 16,872 | 18,372 | 13,965 | 11,858 |
| 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 |
| Quick ratio | 3.17 | 3.85 | 3.73 | 3.43 | 3.41 | 2.92 | 3.28 | 4.02 | 4.22 | 2.62 | 1.22 | 0.93 | 0.62 | 1.15 | 2.19 | 1.50 | 2.28 | 2.45 | 1.13 | 1.06 |
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 of Celsius Holdings Inc has fluctuated over the years, indicating changes in the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was relatively stable from March 2020 to June 2021, hovering around 1.00 to 2.00, suggesting the company had an adequate level of liquid assets to cover its current liabilities. However, there was a significant increase in the quick ratio in September 2021, rising to 2.45, indicating a stronger liquidity position. This trend continued until September 2022, with the quick ratio peaking at 4.22 by December 2022, suggesting a substantial improvement in the company's ability to meet short-term obligations.
From March 2023 onwards, the quick ratio started to decline but remained above 3.00, indicating continued strong liquidity. The ratio remained relatively stable between 3.00 and 4.00 throughout 2023 and 2024, showcasing the company's ability to quickly convert assets into cash to cover its current liabilities.
Overall, the trend in Celsius Holdings Inc's quick ratio reflects improvements in liquidity management over the years, with the company consistently maintaining a comfortable buffer of liquid assets to meet its short-term obligations.
Peer comparison
Dec 31, 2024