Celsius Holdings Inc (CELH)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 |
| 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 |
The solvency ratios of Celsius Holdings Inc show a consistently low level of debt relative to its assets, capital, and equity over the period from March 31, 2020, to December 31, 2024. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all remained at 0.00 throughout the entire period, indicating that the company has no significant financial leverage in terms of debt obligations compared to its assets, capital, and equity.
However, the Financial Leverage Ratio, which measures the extent to which the company relies on debt to finance its operations, experienced fluctuations during the period. The ratio started at around 1.45 in March 31, 2020, and decreased gradually to reach its lowest point of 4.02 by September 30, 2024. This suggests that the company significantly reduced its reliance on debt financing over time, which is a positive sign for its solvency and financial stability.
Overall, based on the solvency ratios analyzed, Celsius Holdings Inc appears to have maintained a strong financial position with minimal debt levels and gradually decreasing financial leverage, indicating a healthy balance between debt and equity in its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 14.54 | 20.84 | 14.12 | 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 |
Interest coverage is an important financial ratio that indicates a company's ability to meet its interest obligations on outstanding debt. In the case of Celsius Holdings Inc, the interest coverage ratio has fluctuated significantly over the period analyzed.
- The ratio was extremely low at 0.02 on March 31, 2020, indicating that the company had very limited earnings available to cover its interest expenses.
- However, there was a significant improvement in the interest coverage ratio to 25.58 by June 30, 2021, suggesting a healthier financial position where earnings were more than sufficient to cover interest payments.
- Subsequently, there were steep declines in the interest coverage ratio, with negative ratios recorded in the latter part of 2021 and 2022, indicating that the company's earnings were insufficient to cover its interest expenses during those periods.
- The interest coverage ratio started to improve again in March 2023, showing positive growth, and continued to increase over the following periods.
- By December 31, 2024, the interest coverage ratio had reached 14.54, indicating that Celsius Holdings Inc had significantly strengthened its ability to meet its interest obligations.
Overall, the trend in Celsius Holdings Inc's interest coverage ratio shows periods of both improvement and deterioration. It is important for investors and creditors to monitor this ratio closely to assess the company's ability to service its debt and manage its financial obligations effectively.