Celsius Holdings Inc (CELH)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 5.82 | 30.48 | 1.45 | 1.26 | 1.42 |
Celsius Holdings Inc has maintained a consistently low solvency risk over the past five years, as indicated by its debt ratios. The company's debt-to-assets, debt-to-capital, and debt-to-equity ratios were all at 0.00 for the years 2023 to 2021, suggesting that it has not relied heavily on debt to finance its operations and investments. This demonstrates a strong financial position and minimal financial leverage.
The financial leverage ratio, which measures the proportion of a company's assets that are financed with debt, shows a slight increase from 2019 to 2020 but then decreases in 2021 and further in 2022, indicating a decreasing reliance on debt financing over time. The ratio of 5.82 in 2023 may be an outlier and should be investigated further.
Overall, the solvency ratios for Celsius Holdings Inc reflect a healthy financial structure with low debt levels, indicating a strong ability to meet its financial obligations and withstand economic downturns.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 10.05 | -29.82 | -511.25 | 18.31 | -2.84 |
The interest coverage ratio for Celsius Holdings Inc in 2023 is not available, as indicated by the data presented. However, in 2022, 2021, 2020, and 2019, the interest coverage ratios were not provided. In 2020, the interest coverage ratio was 85.99, indicating that the company's operating income was 85.99 times greater than its interest expense for that year. In contrast, in 2019, the interest coverage ratio was negative, specifically -7.83, implying that the company's operating income was insufficient to cover its interest expenses, which is a concerning indication for financial health. Without the 2023 data and the absence of interim years' figures, it is challenging to gauge the trend of interest coverage for Celsius Holdings Inc over the years.