Celsius Holdings Inc (CELH)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| 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 | 4.42 | 5.82 | 30.48 | 1.45 | 1.26 |
Celsius Holdings Inc has displayed a consistent and strong solvency position based on the solvency ratios provided.
The Debt-to-assets ratio remained at 0.00% from 2020 to 2024, indicating that the company has not utilized debt to finance its assets during this period.
Similarly, the Debt-to-capital ratio also remained at 0.00% across the same period, signifying that the company's capital structure has not been reliant on debt financing.
The Debt-to-equity ratio also stood at 0.00% from 2020 to 2024, suggesting that Celsius Holdings Inc has not incurred debt in relation to its equity position.
While the Financial leverage ratio experienced fluctuations, with a significant spike in 2022, the ratio generally trended downwards in the subsequent years. This indicates that the company relies moderately on debt to support its operations and growth.
Overall, based on the provided solvency ratios, Celsius Holdings Inc appears to have a strong financial position with minimal debt obligations in relation to its assets, capital, and equity, contributing to a stable and sustainable financial structure.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | 10.05 | -29.82 | -511.25 | 18.31 |
Based on the data provided, the interest coverage ratio for Celsius Holdings Inc fluctuated over the years. In December 31, 2020, the company had a healthy interest coverage ratio of 18.31, indicating that it had more than enough earnings to cover its interest expenses. However, in December 31, 2021, the interest coverage ratio plummeted to -511.25, which suggests that the company's earnings were insufficient to cover its interest obligations.
The trend improved slightly by December 31, 2022, with an interest coverage ratio of -29.82, albeit still negative. This negative ratio implies that Celsius Holdings Inc was not generating enough earnings to comfortably cover its interest payments. By December 31, 2023, the interest coverage ratio improved to 10.05, indicating a healthier position where the company's earnings were more than sufficient to cover its interest expenses.
Unfortunately, information for December 31, 2024 is not available in the data provided. Overall, the fluctuating interest coverage ratios suggest potential financial instability and the need for close monitoring of the company's ability to meet its interest obligations in the future.