Monster Beverage Corp (MNST)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 8,228,740 | 7,873,150 | 7,841,460 | 7,395,360 | 7,025,040 | 6,815,760 | 6,809,180 | 6,866,670 | 6,566,950 | 6,245,000 | 5,905,500 | 5,459,440 | 5,160,860 | 4,629,320 | 4,221,540 | 3,870,950 | 4,171,280 | 4,107,980 | 4,057,590 | 3,698,820 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,228,740K
= 0.00
Based on the data provided, Monster Beverage Corp. has consistently reported a debt-to-equity ratio of 0.00 across all quarters in 2022 and 2023. This implies that the company has been primarily funded by equity rather than debt during these periods. A debt-to-equity ratio of 0.00 is considered favorable as it indicates that the company has no debt or a minimal amount of debt compared to its equity, suggesting a low financial risk and a strong financial position. However, it is important to note that a debt-to-equity ratio of 0.00 may also indicate that the company is underleveraged, meaning it may not be taking full advantage of leverage to potentially boost returns for shareholders.
Peer comparison
Dec 31, 2023