Celsius Holdings Inc (CELH)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 5.82 | 7.24 | 10.68 | 15.95 | 30.48 | 22.33 | 1.46 | 1.51 | 1.45 | 1.49 | 1.29 | 1.36 | 1.26 | 1.29 | 1.44 | 1.45 | 1.42 | 1.18 | 1.76 | 1.74 |
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 exhibited fluctuations over the past eight quarters, ranging from a high of 5.82 in Q4 2023 to a low of 1.41 in Q4 2022. This ratio indicates the company's level of debt relative to its equity, with higher values suggesting higher financial leverage or reliance on debt financing.
The significant increase in the financial leverage ratio to 5.82 in Q4 2023 could signal a substantial increase in debt compared to equity in that quarter. This heightened level of financial leverage may result in increased financial risk for the company, as higher debt levels could lead to higher interest payments and potential challenges in meeting debt obligations.
Conversely, the lower ratios in previous quarters, such as 1.41 in Q4 2022, indicate a more conservative capital structure with lower debt levels relative to equity. While lower financial leverage ratios can be seen as less risky, they may also indicate potentially underutilized leverage that could limit potential growth opportunities for the company.
Overall, the fluctuating trend in the financial leverage ratio of Celsius Holdings Inc suggests varying levels of debt utilization and potential shifts in the company's capital structure strategy over the analyzed period. Investors and stakeholders should closely monitor these changes in financial leverage to assess the company's risk profile and financial health.
Peer comparison
Dec 31, 2023