Celsius Holdings Inc (CELH)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 264,040 | 40,091 | 217,046 | 104,327 | 63,459 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $264,040K
= 0.00
The debt-to-equity ratio of Celsius Holdings Inc has remained consistently low at 0.00 for the years 2020, 2021, 2022, and 2023. This indicates that the company has not utilized debt significantly to finance its operations and growth, relying more on equity financing. In 2019, the ratio was slightly higher at 0.14, which suggests the company had a small amount of debt relative to its equity that year. Overall, the trend of debt-to-equity ratio at 0.00 indicates a conservative capital structure with minimal reliance on debt, which may indicate a lower financial risk and potentially more favorable terms when seeking additional financing.
Peer comparison
Dec 31, 2023