Celsius Holdings Inc (CELH)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4,598 | 4,528 |
| Total assets | US$ in thousands | 1,536,400 | 1,545,620 | 1,399,250 | 1,292,270 | 1,222,070 | 1,327,650 | 349,638 | 343,924 | 314,018 | 294,978 | 241,548 | 148,178 | 131,290 | 128,099 | 98,899 | 94,928 | 90,382 | 74,422 | 43,637 | 43,968 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.10 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,536,400K
= 0.00
Based on the data provided, Celsius Holdings Inc has consistently reported a debt-to-assets ratio of 0.00 over the past eight quarters. This indicates that the company has not utilized any debt to finance its operations or investments during the analyzed period. A debt-to-assets ratio of 0.00 suggests that the company relies entirely on equity financing, which can be viewed positively by investors and creditors as it signifies a lower financial risk and a healthy balance sheet. However, it is important to note that a zero debt-to-assets ratio may also imply missed opportunities to leverage debt for potential growth or tax advantages. Overall, Celsius Holdings Inc's consistent zero debt-to-assets ratio reflects a conservative financial strategy with a focus on financial stability and capital preservation.
Peer comparison
Dec 31, 2023