Monster Beverage Corp (MNST)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 1.30 | 1.39 | 1.37 | 1.18 | 1.18 | 1.18 | 1.18 | 1.20 | 1.18 | 1.20 | 1.20 | 1.19 | 1.19 | 1.19 | 1.20 | 1.20 | 1.20 | 1.23 | 1.23 | 1.26 |
The solvency ratios of Monster Beverage Corp indicate a strong financial position with consistently low debt levels over the past few years.
The Debt-to-assets ratio has remained at 0.00 throughout the entire period, indicating that the company has not relied on debt to finance its assets. This suggests a low financial risk as the company's assets are not highly leveraged.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also stayed at 0.00 consistently, demonstrating that the company has no significant debt relative to its capital or equity. This shows a healthy balance sheet structure and a low dependence on external funding.
The Financial leverage ratio, which measures the company's use of debt to finance its operations, has slightly fluctuated within a narrow range between 1.18 to 1.39. While there was a temporary increase in financial leverage in the mid-2024, it remained relatively low overall, indicating a conservative approach to capital structure management.
Overall, Monster Beverage Corp's solvency ratios reflect a conservative financial policy with minimal debt levels and a strong ability to cover financial obligations, which bodes well for the company's long-term financial stability and sustainability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 334.29 | 91.87 | 23.39 | 19.90 | 17.22 | 19.13 | 58.77 | 73.35 | 89.95 | 69.75 | 70.72 | 105.42 | 175.66 | 322.33 | 230.47 | 193.50 | 186.84 | 135.50 | 148.82 | 130.58 |
The interest coverage ratio of Monster Beverage Corp has displayed varying levels over the period under consideration. The interest coverage ratio indicates the company's ability to meet its interest obligations from its operating income.
From March 31, 2020, to June 30, 2021, Monster Beverage Corp experienced a consistent increase in its interest coverage ratio, indicating a strong ability to cover its interest expenses with operating income. This upward trend suggests the company had ample earnings to comfortably cover its interest obligations during this period.
However, starting from the second half of 2021, there was a noticeable decline in the interest coverage ratio of the company. The ratio fell significantly from its peak in June 2021 to reach its lowest point in September 2023 and December 2023. This decline may raise concerns about the company's ability to service its interest payments from its operating income during this period.
Subsequently, there was a slight improvement in the interest coverage ratio in the last two quarters of 2024. The ratio increased notably in December 2024, indicating a positive trend in the company's ability to cover its interest expenses from its operating income.
Overall, while Monster Beverage Corp experienced fluctuations in its interest coverage ratio over the period examined, the company demonstrated both strengths and areas of concern in meeting its interest obligations with its operating income. Monitoring the interest coverage ratio can provide valuable insights into the company's financial health and ability to manage its debt obligations effectively.