Monster Beverage Corp (MNST)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	7,719,090	9,686,520	8,293,100	7,804,780	6,202,720
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,719,090K
= 0.00

The debt-to-assets ratio of Monster Beverage Corp has consistently remained at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt significantly to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed through equity rather than debt, which may signify financial stability and lower financial risk. However, it is important to note that a very low debt-to-assets ratio can also indicate a missed opportunity to leverage debt for potentially higher returns, as debt can be used as a cost-effective source of capital. Overall, the consistent 0.00 debt-to-assets ratio for Monster Beverage Corp reflects a conservative capital structure strategy during this period.