Celsius Holdings Inc (CELH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 23,091 | 20,532 | 4,832 | 2,763 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 8,956 | 15,159 | 13,356 | 13,379 |
| 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 |
| Quick ratio | 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 | 1.20 | 3.22 | 1.94 | 1.75 |
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 exhibited fluctuations over the quarters presented. The quick ratio is calculated as the ratio of liquid current assets to current liabilities and is used to assess a company's short-term liquidity position.
In Q4 2023, the quick ratio stood at 3.53, indicating that the company had $3.53 in easily convertible assets available to cover each dollar of current liabilities. This suggests a strong liquidity position and the ability to meet short-term obligations comfortably.
The quick ratio decreased in Q3 2023 to 3.03 but remained above 3, still reflecting a robust liquidity position. However, investors might want to monitor the slight decrease to ensure that the company can continue to meet its short-term obligations effectively.
In Q2 2023, the quick ratio increased to 3.42, showing an improvement in liquidity compared to the previous quarter. This suggests that the company had sufficient liquid assets to cover its current liabilities comfortably.
Q1 2023 saw a significant increase in the quick ratio to 4.18, indicating a substantial improvement in short-term liquidity. This might be attributed to an increase in liquid current assets or a decrease in current liabilities.
Comparing the current year's ratios to the previous year, Q4 2022 had a quick ratio of 4.38, which was higher compared to the latest quarter. This suggests that in the fourth quarter of the previous year, the company had even stronger liquidity to cover its short-term obligations.
Throughout the previous quarters, the quick ratio varied significantly, with the lowest point being in Q1 2022 at 1.02, indicating a tighter liquidity position. However, the company has improved its liquidity position since then.
Overall, Celsius Holdings Inc has demonstrated relatively strong liquidity throughout the quarters, with most values above 3, indicating potential stability in meeting short-term obligations. Investors should continue to monitor changes in the quick ratio to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023