Celsius Holdings Inc (CELH)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,766,880 | 1,536,400 | 1,222,070 | 314,018 | 131,290 |
| Total stockholders’ equity | US$ in thousands | 399,929 | 264,040 | 40,091 | 217,046 | 104,327 |
| Financial leverage ratio | 4.42 | 5.82 | 30.48 | 1.45 | 1.26 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,766,880K ÷ $399,929K
= 4.42
The financial leverage ratio for Celsius Holdings Inc has exhibited fluctuations over the years based on the provided data. As of December 31, 2020, the ratio stood at 1.26, indicating a moderate level of financial leverage. However, there was a notable increase in the ratio to 1.45 by December 31, 2021, suggesting a slight increase in leverage.
Subsequently, there was a significant surge in the financial leverage ratio to 30.48 by December 31, 2022. This sharp increase could signal a potential concern regarding the company's level of debt relative to its equity, highlighting a high degree of financial leverage.
By December 31, 2023, the financial leverage ratio decreased to 5.82, indicating a reduction in leverage compared to the previous year. This decline may suggest that the company took measures to lower its debt levels in relation to its equity.
As of December 31, 2024, the financial leverage ratio further decreased to 4.42, continuing the trend of reducing leverage. Overall, the fluctuation in the financial leverage ratio for Celsius Holdings Inc indicates varying levels of debt utilization and equity structure over the years, requiring further exploration to understand the underlying reasons for these changes.
Peer comparison
Dec 31, 2024