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Celsius Holdings Balance Sheet 2025-2011 | CELH
Brief overview of Celsius Holdings's balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
Assets advanced +1,530.4% to $5.1 billion from $314 million; annual growth near 100.9% reflects a fast increase in scale.
Liabilities grew faster than assets: +2,146.2% versus +1,530.4%. A substantial part of expansion was externally funded.
Internal capital represents 23.1% of the balance sheet versus 69.1% five periods ago. The cushion is thin.
Net debt is $275.5 million, or 0.23x of equity. This is a conservative debt position.
Cash accounts for 7.8% of assets versus 5.2% initially. The change indicates the degree of financial flexibility.
Retained earnings are $175.9 million versus -$51.5 million initially. The direction shows how results contributed to equity.
Overall picture
Celsius Holdings's balance sheet presents a mixed picture: strengths coexist with a limited cushion. Future capital and debt trends are particularly important.
Annual Balance Sheet Celsius Holdings
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
276 M | -887 M | -755 M | -613 M | -15.7 M | - | -13.6 M | 216 K | -10.7 M | -7.25 M | -5.63 M | 10.4 M | 7.38 M | 7.34 M | - |
Long Term Debt |
670 M | 211 K | 193 K | 162 K | 45 K | - | - | 7.96 M | 3.5 M | 4.5 M | 4.5 M | 10.8 M | 7.6 M | 7.45 M | - |
Long Term Debt Current |
4.46 M | 3.26 M | 980 K | 661 K | 512 K | 321 K | 295 K | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 240 K | 7.96 M | 3.5 M | 4.5 M | 4.5 M | 10.8 M | 7.6 M | 7.45 M | - |
Total Current Liabilities |
1.08 B | 366 M | 277 M | 161 M | 93.1 M | 26.4 M | 26.7 M | 14.9 M | 6.46 M | 2.32 M | - | - | - | - | - |
Total Liabilities |
2.18 B | 542 M | 448 M | 357 M | 97 M | 27 M | 26.9 M | 22.8 M | 9.96 M | 6.82 M | 6.52 M | 12.1 M | 8.94 M | 8.49 M | - |
Deferred Revenue |
27 M | 9.51 M | 9.51 M | 9.68 M | - | - | - | - | - | 202 K | 13.1 K | 352 K | 384 K | 66.9 K | - |
Retained Earnings |
176 M | 106 M | -12.1 M | -239 M | -51.5 M | -55.4 M | -63.4 M | -73.4 M | -62 M | -53.4 M | -49.9 M | -47.4 M | -45.2 M | -43.4 M | - |
Total Assets |
5.12 B | 1.77 B | 1.54 B | 1.22 B | 314 M | 131 M | 90.4 M | 34.6 M | 27.1 M | 17.7 M | 15.3 M | 4.95 M | 3.03 M | 2.05 M | - |
Cash and Cash Equivalents |
399 M | 890 M | 756 M | 614 M | 16.3 M | 43.2 M | 23.1 M | 7.74 M | 14.2 M | 11.7 M | 10.1 M | - | - | - | - |
Book Value |
2.94 B | 1.22 B | 1.09 B | 865 M | 217 M | 104 M | 63.5 M | 11.8 M | 17.1 M | 10.9 M | 8.74 M | -7.16 M | -5.91 M | -6.43 M | - |
Total Shareholders Equity |
1.18 B | 400 M | 264 M | 40.1 M | 217 M | 104 M | 63.5 M | 11.8 M | 17.1 M | 10.9 M | 8.74 M | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Celsius Holdings
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
669 M | 861 M | 863 M | 16.2 M | - | - | - | 245 K | 135 K | 147 K | 156 K | 162 K | 167 K | 138 K | 138 K | 45 K | 88.6 K | 60.7 K | 87.2 K | 82.3 K | 82.3 K | 82.3 K | 82.3 K | 133 K | 240 K | 240 K | 240 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
2.15 B | 2.3 B | 1.7 B | 592 M | 542 M | - | - | 483 M | 508 M | 444 M | 387 M | 357 M | 444 M | 110 M | 116 M | 97 M | 97.6 M | 54.7 M | 39.2 M | 27 M | 27 M | 27 M | 27 M | 26.9 M | 26.9 M | 26.9 M | 26.9 M | 22.8 M | 22.8 M | 22.8 M | 22.8 M | 9.96 M | 9.96 M | 9.96 M | 9.96 M | 6.82 M | 6.82 M | 6.82 M | 6.82 M | 6.52 M | 6.52 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
26.9 M | 25.6 M | 16.1 M | 9.51 M | 9.51 M | - | - | 9.51 M | 9.5 M | 9.5 M | 9.56 M | 9.68 M | 7.77 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
272 M | 165 M | 236 M | 143 M | 106 M | - | - | 58.9 M | -62.2 M | -146 M | -198 M | -239 M | 218 M | -35.7 M | -44.8 M | 51.5 M | 63.4 M | 54.1 M | 54.8 M | -55.4 M | -55.4 M | -55.4 M | -55.4 M | -63.4 M | -63.4 M | -63.4 M | -63.4 M | -73.4 M | -73.4 M | -73.4 M | -73.4 M | -62 M | -62 M | -62 M | -62 M | -53.4 M | -53.4 M | -53.4 M | -53.4 M | -49.9 M | -49.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
5.16 B | 5.27 B | 3.8 B | 1.86 B | 1.77 B | - | - | 1.65 B | 1.55 B | 1.4 B | 1.29 B | 1.22 B | 1.33 B | 350 M | 344 M | 314 M | 295 M | 242 M | 148 M | 131 M | 131 M | 131 M | 131 M | 90.4 M | 90.4 M | 90.4 M | 90.4 M | 34.6 M | 34.6 M | 34.6 M | 34.6 M | 27.1 M | 27.1 M | 27.1 M | 27.1 M | 17.7 M | 17.7 M | 17.7 M | 17.7 M | 15.3 M | 15.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
549 M | 806 M | 615 M | 977 M | 890 M | 904 M | 903 M | 879 M | 760 M | 681 M | 595 M | 614 M | 592 M | 60 M | 25.5 M | 16.3 M | 61.4 M | 83.8 M | 31.6 M | 43.2 M | 43.2 M | 43.2 M | 43.2 M | 23.1 M | 23.1 M | 23.1 M | 23.1 M | 7.74 M | 5.31 M | 8.5 M | 9.99 M | 14.2 M | 14.2 M | 14.2 M | 14.2 M | 11.7 M | 11.7 M | 11.7 M | 11.7 M | 10.1 M | 10.1 M | - | - | 349 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
3.01 B | 2.96 B | 2.09 B | 1.27 B | 1.22 B | - | - | 1.16 B | 1.04 B | 956 M | 906 M | 865 M | 884 M | 240 M | 228 M | 217 M | 197 M | 187 M | 109 M | 104 M | 104 M | 104 M | 104 M | 63.5 M | 63.5 M | 63.5 M | 63.5 M | 11.8 M | 11.8 M | 11.8 M | 11.8 M | 17.1 M | 17.1 M | 17.1 M | 17.1 M | 10.9 M | 10.9 M | 10.9 M | 10.9 M | 8.74 M | 8.74 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
1.25 B | 1.2 B | 1.27 B | 443 M | 400 M | 424 M | 416 M | 338 M | 213 M | 131 M | 81 M | 40.1 M | 884 M | 240 M | 228 M | 217 M | 197 M | 187 M | 109 M | 104 M | 104 M | 104 M | 104 M | 63.5 M | 63.5 M | 63.5 M | 63.5 M | 11.8 M | 11.8 M | 11.8 M | 11.8 M | 17.1 M | 17.1 M | 17.1 M | 17.1 M | 10.9 M | 10.9 M | 10.9 M | 10.9 M | 8.74 M | 8.74 M | - | - | -7.16 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Celsius Holdings, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Beverages non alcoholic
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|---|---|---|---|---|---|
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Reed's
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Coca-Cola FEMSA, S.A.B. de C.V.
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Coca-Cola European Partners plc
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Monster Beverage Corporation
MNST
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Coca-Cola Consolidated
COKE
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