Celsius Holdings Inc (CELH)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,536,400 | 1,222,070 | 314,018 | 131,290 | 90,382 |
| Total stockholders’ equity | US$ in thousands | 264,040 | 40,091 | 217,046 | 104,327 | 63,459 |
| Financial leverage ratio | 5.82 | 30.48 | 1.45 | 1.26 | 1.42 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,536,400K ÷ $264,040K
= 5.82
The financial leverage ratio of Celsius Holdings Inc has shown a significant increase over the years, reaching 5.82 in 2023 from 1.42 in 2019. This indicates that the company is relying more on debt to finance its operations and growth. A higher financial leverage ratio suggests a higher level of financial risk as the company has more debt compared to equity in its capital structure. It is important for investors and stakeholders to closely monitor this trend as it could impact the company's financial stability and ability to meet its debt obligations in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Financial leverage ratio
Celsius Holdings Inc
CELH
5.82
Coca-Cola Consolidated Inc.
COKE
2.99
Monster Beverage Corp
MNST
1.18
National Beverage Corp
FIZZ
1.38