Celsius Holdings Inc (CELH)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,766,880 | 1,536,400 | 1,222,070 | 314,018 | 131,290 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,766,880K
= 0.00
The debt-to-assets ratio for Celsius Holdings Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company's assets are entirely financed by equity, reflecting a strong financial position with lower risk associated with debt repayment. This stable and low ratio may indicate prudent financial management and a lower risk of financial distress due to debt obligations.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Celsius Holdings Inc
CELH
0.00
Coca-Cola Consolidated Inc.
COKE
0.14
Monster Beverage Corp
MNST
0.00
National Beverage Corp
FIZZ
0.00