Monster Beverage Corp (MNST)
Current 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 current assets | US$ in thousands | 3,641,500 | 3,897,760 | 3,954,300 | 6,035,510 | 5,589,000 | 5,311,520 | 5,654,110 | 5,294,610 | 4,764,900 | 4,696,690 | 4,696,620 | 4,743,670 | 4,682,110 | 4,383,670 | 3,950,680 | 3,433,870 | 3,140,960 | 2,825,850 | 2,371,450 | 2,048,720 |
| Total current liabilities | US$ in thousands | 1,097,520 | 1,245,140 | 1,160,520 | 1,228,830 | 1,161,690 | 1,178,800 | 1,162,580 | 1,187,510 | 1,001,980 | 1,121,720 | 1,093,610 | 1,044,360 | 965,076 | 932,240 | 887,527 | 788,861 | 749,988 | 773,763 | 674,865 | 701,541 |
| Current ratio | 3.32 | 3.13 | 3.41 | 4.91 | 4.81 | 4.51 | 4.86 | 4.46 | 4.76 | 4.19 | 4.29 | 4.54 | 4.85 | 4.70 | 4.45 | 4.35 | 4.19 | 3.65 | 3.51 | 2.92 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,641,500K ÷ $1,097,520K
= 3.32
Monster Beverage Corp's current ratio has shown a generally increasing trend over the period from March 31, 2020, to December 31, 2024. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, has steadily improved from 2.92 on March 31, 2020, to 4.43 on June 30, 2024. This indicates that the company has strengthened its liquidity position and has more current assets relative to its current liabilities.
However, it is worth noting that there was a slight dip in the current ratio in the second half of 2024, dropping from 4.91 on March 31, 2024, to 3.32 on December 31, 2024. This decrease may raise concerns about the company's ability to cover its short-term obligations in the near term.
Overall, Monster Beverage Corp's current ratio indicates that the company has maintained a strong liquidity position over the analyzed period, though there was a recent decline towards the end of 2024, possibly signaling a need for closer monitoring of its short-term liquidity management.
Peer comparison
Dec 31, 2024