Celsius Holdings Inc (CELH)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.11 | 0.10 |
| Debt-to-capital 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 | 0.16 | 0.15 |
| 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 |
| 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 |
Based on the solvency ratios for Celsius Holdings Inc provided in the table, it is evident that the company has consistently maintained a very low level of indebtedness relative to its assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 across all the quarters, signaling a debt-free status for the company during the periods analyzed.
However, it is important to note that the financial leverage ratio has fluctuated over the quarters, ranging from 1.41 to 5.82. This ratio indicates the extent to which the company is using debt to finance its operations and assets. A higher financial leverage ratio implies a higher level of debt relative to equity. In this case, the notable increase in the financial leverage ratio in Q4 2023 compared to the previous quarters may suggest a temporary shift towards a higher reliance on debt financing during that period. Overall, the company's consistent low debt levels demonstrate a strong solvency position and reduced risk of financial distress.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 10.05 | 12.21 | -4.48 | -12.09 | -29.95 | -84.71 | 2,932.00 | 694.40 | -1,194.60 | -55.85 | 25.58 | 19.36 | 15.13 | 7.54 | 1.98 | 0.02 | -1.12 | -0.52 | -14.28 | -33.09 |
I'm sorry, but without the specific data on interest expense and earnings before interest and taxes, I am unable to calculate or provide an analysis of Celsius Holdings Inc's interest coverage ratio. This ratio is typically computed by dividing EBIT (Earnings Before Interest and Taxes) by the interest expense. If you can provide the necessary figures, I would be happy to help analyze the interest coverage ratio for the company.