Monster Beverage Corp (MNST)

Interest coverage

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	1,953,360	1,584,720	1,797,470	1,633,150	1,402,940
Interest expense	US$ in thousands	255	24	19	39	56
Interest coverage		7,660.24	66,030.00	94,603.68	41,875.64	25,052.50

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $1,953,360K ÷ $255K
= 7,660.24

As the interest coverage ratio for Monster Beverage Corp. is not provided in the data table, it indicates that the necessary information to calculate this metric directly is not available. Interest coverage is a financial ratio that reflects a company's ability to pay interest expenses on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses. A higher interest coverage ratio signifies that a company is more capable of servicing its interest payments.

To perform a thorough analysis of Monster Beverage Corp.'s interest coverage, additional financial data, such as EBIT and interest expenses, would be required for each of the years from 2019 to 2023. This information is crucial for evaluating the company's financial health and its ability to meet its interest obligations. Without the specific values for EBIT and interest expenses, a comprehensive assessment of Monster Beverage Corp.'s interest coverage over the years cannot be conducted.