Monster Beverage Corp (MNST)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.18 | 1.18 | 1.19 | 1.20 | 1.23 |
The solvency ratios of Monster Beverage Corp. reflect a consistently strong financial position over the years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been at 0.00, indicating that the company has had no debt relative to its assets, capital, or equity during the period under review.
The financial leverage ratio has shown a slight decreasing trend over the years, from 1.23 in 2019 to 1.18 in 2023. This ratio compares the company's total assets to its equity, with a lower ratio indicating a lower level of financial leverage and risk. The decreasing trend suggests that the company has been relying less on debt to finance its assets and operations.
Overall, the solvency ratios demonstrate that Monster Beverage Corp. has maintained a conservative capital structure with minimal debt and a strong equity position, which indicates a stable financial footing and the ability to meet its financial obligations comfortably.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 7,660.24 | 66,030.00 | 94,603.68 | 41,875.64 | 25,052.50 |
Based on the provided data, the interest coverage ratio for Monster Beverage Corp. is not available for the years 2019 to 2023. This could be due to the lack of specific information related to interest expenses or earnings before interest and taxes (EBIT) in the financial statements, preventing the calculation of this important financial metric. Without the interest coverage ratio, it is challenging to assess the company's ability to meet its interest obligations using its operating income. It is recommended to investigate further or consult additional sources to obtain the necessary financial data to calculate and analyze the interest coverage ratio for Monster Beverage Corp.