Monster Beverage Corp (MNST)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,686,520 | 9,314,340 | 9,263,340 | 8,844,360 | 8,293,100 | 8,204,800 | 8,175,010 | 8,187,460 | 7,804,780 | 7,449,410 | 7,071,540 | 6,534,370 | 6,202,720 | 5,697,680 | 5,193,810 | 4,881,500 | 5,150,350 | 5,137,370 | 5,084,330 | 4,655,850 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,686,520K
= 0.00
The debt-to-assets ratio for Monster Beverage Corp. has consistently been 0.00 in the recent quarters. This indicates that the company has had no debt relative to its total assets during the periods shown in the table. A debt-to-assets ratio of 0.00 suggests that the company has not relied on debt financing to fund its operations and investments, and has instead relied on equity or other sources of funds. This can be viewed positively by investors and creditors as it signifies a strong financial position with lower financial risk and greater financial flexibility. However, it's also important to consider that a low or zero debt-to-assets ratio may also imply missed opportunities for leveraging debt for potential growth or tax benefits.
Peer comparison
Dec 31, 2023