Monster Beverage Corp (MNST)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	8,228,740	7,025,040	6,566,950	5,160,860	4,171,280
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,228,740K
= 0.00

Based on the data provided for Monster Beverage Corp., the company has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, including Dec 31, 2023, Dec 31, 2022, Dec 31, 2021, Dec 31, 2020, and Dec 31, 2019. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity during these periods. This suggests that Monster Beverage Corp. relies primarily on equity financing rather than debt financing to fund its operations and growth. This conservative financial structure may indicate lower financial risk and potentially a stronger financial position, as the company is not burdened by significant debt obligations. However, it's important to note that a debt-to-equity ratio of 0.00 may also signal that the company is not taking advantage of leveraging opportunities that could enhance its returns on equity in a low-interest-rate environment. Overall, a consistent debt-to-equity ratio of 0.00 suggests that Monster Beverage Corp. has maintained a stable and debt-efficient capital structure over the years.