Celsius Holdings Inc (CELH)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 264,040 | 213,347 | 131,062 | 81,035 | 40,091 | 59,449 | 239,873 | 228,354 | 217,046 | 197,398 | 186,838 | 109,011 | 104,327 | 99,202 | 68,620 | 65,506 | 63,459 | 63,337 | 24,758 | 25,270 |
| Debt-to-equity 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 | 0.19 | 0.18 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $264,040K
= 0.00
Based on the data provided for Celsius Holdings Inc, the debt-to-equity ratio has consistently been reported as 0.00 across all quarters in the past two years. This indicates that the company has been using zero debt to finance its operations and growth, relying solely on equity for funding. A debt-to-equity ratio of 0.00 signifies a conservative financial structure with no debt obligations reported in relation to shareholders' equity. While this can imply a lower financial risk due to the absence of debt, it may also suggest limited leverage that could potentially restrict the company's ability to take advantage of debt financing for expansion opportunities or tax benefits related to interest payments. Further analysis of the company's capital structure and financial strategy would be necessary to fully assess the implications and strategic considerations associated with maintaining a consistently low debt-to-equity ratio over time.
Peer comparison
Dec 31, 2023