Celsius Holdings Inc (CELH)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,766,880 | 1,704,320 | 1,718,890 | 1,646,140 | 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 |
| Total stockholders’ equity | US$ in thousands | 399,929 | 423,626 | 415,754 | 338,191 | 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 |
| Financial leverage ratio | 4.42 | 4.02 | 4.13 | 4.87 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,766,880K ÷ $399,929K
= 4.42
The financial leverage ratio of Celsius Holdings Inc has exhibited fluctuations over the years as per the provided data. From the beginning of 2020 to mid-2021, the ratio remained relatively stable, ranging between 1.26 and 1.51, indicating a moderate level of leverage. However, from September 2021 to December 2022, there was a significant spike in the leverage ratio, reaching exceptionally high levels of 22.33 and 30.48, which suggests a substantial increase in the company's debt relative to its equity.
Subsequently, there was a notable decline in the financial leverage ratio from March 2023 onwards, with the ratio gradually decreasing to 4.42 by the end of 2024. This reduction indicates a decreasing reliance on debt financing and a healthier balance between debt and equity in the company's capital structure. Overall, these fluctuations in the financial leverage ratio of Celsius Holdings Inc highlight the company's changing capital structure and its efforts to manage its leverage over the years.
Peer comparison
Dec 31, 2024