Celsius Holdings Inc (CELH)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,536,400 | 1,222,070 | 314,018 | 131,290 | 90,382 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,536,400K
= 0.00
The debt-to-assets ratio of Celsius Holdings Inc has been consistently low over the past five years, indicating that the company relies minimally on debt to finance its operations and investments. It is noteworthy that the ratio was at 0.10 in 2019 but decreased to 0.00 in subsequent years, emphasizing the company's prudent financial management and strong capital structure. The consistent trend of a zero debt-to-assets ratio suggests that Celsius Holdings Inc has a healthy balance sheet with a strong asset base relative to its debt obligations. This highlights the company's financial stability and ability to fund its growth initiatives without incurring significant debt.
Peer comparison
Dec 31, 2023