Monster Beverage Corp (MNST)

Quick 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
Cash	US$ in thousands	1,533,290	1,625,340	1,564,730	2,576,520	2,297,680	1,773,850	1,869,770	1,672,660	1,307,140	1,303,050	1,132,040	1,014,790	1,326,460	1,712,670	1,584,240	1,178,880	1,180,410	1,074,730	921,326	701,836
Short-term investments	US$ in thousands	0	0	0	984,201	955,605	1,236,750	1,417,240	1,383,030	1,362,310	1,346,780	1,337,790	1,717,650	1,749,730	1,224,070	968,952	980,108	881,354	599,326	250,753	233,513
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick ratio		1.40	1.31	1.35	2.90	2.80	2.55	2.83	2.57	2.66	2.36	2.26	2.62	3.19	3.15	2.88	2.74	2.75	2.16	1.74	1.33

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,533,290K + $0K + $—K) ÷ $1,097,520K
= 1.40

Monster Beverage Corp's quick ratio has shown fluctuations over the past few years. The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets.

From March 31, 2020, to December 31, 2022, the quick ratio steadily increased from 1.33 to 2.66, indicating an improvement in the company's short-term liquidity position. However, there was a slight decline in the quick ratio to 2.57 by March 31, 2023, followed by a rebound to 2.90 by March 31, 2024.

The quick ratio then experienced a significant decline to 1.35 by June 30, 2024, indicating a potential decrease in the company's ability to cover its current liabilities with its most liquid assets. This decrease continued with quick ratios of 1.31 and 1.40 as of September 30, 2024, and December 31, 2024, respectively.

Overall, the company's quick ratio has shown both positive and negative trends, suggesting fluctuations in its short-term liquidity position. It is important for stakeholders to monitor these ratios to assess the company's ability to meet its short-term financial obligations.