Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Monster Beverage Corp., solvency ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Monster Beverage Corp. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Monster Beverage Corp. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Monster Beverage Corp. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Monster Beverage Corp. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Monster Beverage Corp. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Monster Beverage Corp. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Monster Beverage Corp. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Monster Beverage Corp. interest coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Monster Beverage Corp. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Equity
Monster Beverage Corp., debt to equity calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current finance lease liabilities | 757) | 960) | 799) | 1,485) | 836) | |
| Noncurrent finance lease liabilities | 41) | 41) | 24) | —) | —) | |
| Total debt | 798) | 1,001) | 823) | 1,485) | 836) | |
| Stockholders’ equity | 7,025,041) | 6,566,951) | 5,160,860) | 4,171,281) | 3,610,901) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Altria Group Inc. | — | — | 10.38 | 4.51 | — | |
| Coca-Cola Co. | 1.62 | 1.86 | 2.22 | 2.25 | — | |
| Mondelēz International Inc. | 0.85 | 0.69 | 0.73 | 0.68 | — | |
| PepsiCo Inc. | 2.28 | 2.51 | 3.28 | 2.17 | — | |
| Philip Morris International Inc. | — | — | — | — | — | |
| Debt to Equity, Sector | ||||||
| Food, Beverage & Tobacco | 3.10 | 2.85 | 3.32 | 2.74 | — | |
| Debt to Equity, Industry | ||||||
| Consumer Staples | 1.22 | 1.21 | 1.37 | 1.28 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 798 ÷ 7,025,041 = 0.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Monster Beverage Corp. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity (including Operating Lease Liability)
Monster Beverage Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current finance lease liabilities | 757) | 960) | 799) | 1,485) | 836) | |
| Noncurrent finance lease liabilities | 41) | 41) | 24) | —) | —) | |
| Total debt | 798) | 1,001) | 823) | 1,485) | 836) | |
| Operating lease liabilities (included in Accrued liabilities) | 7,747) | 3,990) | 3,171) | 2,812) | —) | |
| Operating lease liabilities (included in Other liabilities) | 29,586) | 17,389) | 17,342) | 25,651) | —) | |
| Total debt (including operating lease liability) | 38,131) | 22,380) | 21,336) | 29,948) | 836) | |
| Stockholders’ equity | 7,025,041) | 6,566,951) | 5,160,860) | 4,171,281) | 3,610,901) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Coca-Cola Co. | 1.68 | 1.92 | 2.30 | 2.33 | — | |
| Mondelēz International Inc. | 0.88 | 0.71 | 0.75 | 0.70 | — | |
| PepsiCo Inc. | 2.42 | 2.64 | 3.41 | 2.27 | — | |
| Philip Morris International Inc. | — | — | — | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Food, Beverage & Tobacco | 3.19 | 2.93 | 3.41 | 2.81 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Consumer Staples | 1.34 | 1.33 | 1.51 | 1.31 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 38,131 ÷ 7,025,041 = 0.01
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Monster Beverage Corp. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Capital
Monster Beverage Corp., debt to capital calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current finance lease liabilities | 757) | 960) | 799) | 1,485) | 836) | |
| Noncurrent finance lease liabilities | 41) | 41) | 24) | —) | —) | |
| Total debt | 798) | 1,001) | 823) | 1,485) | 836) | |
| Stockholders’ equity | 7,025,041) | 6,566,951) | 5,160,860) | 4,171,281) | 3,610,901) | |
| Total capital | 7,025,839) | 6,567,952) | 5,161,683) | 4,172,766) | 3,611,737) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Altria Group Inc. | 1.17 | 1.06 | 0.91 | 0.82 | — | |
| Coca-Cola Co. | 0.62 | 0.65 | 0.69 | 0.69 | — | |
| Mondelēz International Inc. | 0.46 | 0.41 | 0.42 | 0.40 | — | |
| PepsiCo Inc. | 0.69 | 0.72 | 0.77 | 0.68 | — | |
| Philip Morris International Inc. | 1.26 | 1.57 | 1.66 | 1.59 | — | |
| Debt to Capital, Sector | ||||||
| Food, Beverage & Tobacco | 0.76 | 0.74 | 0.77 | 0.73 | — | |
| Debt to Capital, Industry | ||||||
| Consumer Staples | 0.55 | 0.55 | 0.58 | 0.56 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 798 ÷ 7,025,839 = 0.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Monster Beverage Corp. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital (including Operating Lease Liability)
Monster Beverage Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current finance lease liabilities | 757) | 960) | 799) | 1,485) | 836) | |
| Noncurrent finance lease liabilities | 41) | 41) | 24) | —) | —) | |
| Total debt | 798) | 1,001) | 823) | 1,485) | 836) | |
| Operating lease liabilities (included in Accrued liabilities) | 7,747) | 3,990) | 3,171) | 2,812) | —) | |
| Operating lease liabilities (included in Other liabilities) | 29,586) | 17,389) | 17,342) | 25,651) | —) | |
| Total debt (including operating lease liability) | 38,131) | 22,380) | 21,336) | 29,948) | 836) | |
| Stockholders’ equity | 7,025,041) | 6,566,951) | 5,160,860) | 4,171,281) | 3,610,901) | |
| Total capital (including operating lease liability) | 7,063,172) | 6,589,331) | 5,182,196) | 4,201,229) | 3,611,737) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Coca-Cola Co. | 0.63 | 0.66 | 0.70 | 0.70 | — | |
| Mondelēz International Inc. | 0.47 | 0.42 | 0.43 | 0.41 | — | |
| PepsiCo Inc. | 0.71 | 0.73 | 0.77 | 0.69 | — | |
| Philip Morris International Inc. | 1.26 | 1.55 | 1.64 | 1.57 | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Food, Beverage & Tobacco | 0.76 | 0.75 | 0.77 | 0.74 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Consumer Staples | 0.57 | 0.57 | 0.60 | 0.57 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 38,131 ÷ 7,063,172 = 0.01
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Monster Beverage Corp. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Assets
Monster Beverage Corp., debt to assets calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current finance lease liabilities | 757) | 960) | 799) | 1,485) | 836) | |
| Noncurrent finance lease liabilities | 41) | 41) | 24) | —) | —) | |
| Total debt | 798) | 1,001) | 823) | 1,485) | 836) | |
| Total assets | 8,293,105) | 7,804,784) | 6,202,716) | 5,150,352) | 4,526,891) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Altria Group Inc. | 0.72 | 0.71 | 0.62 | 0.57 | — | |
| Coca-Cola Co. | 0.42 | 0.45 | 0.49 | 0.50 | — | |
| Mondelēz International Inc. | 0.32 | 0.29 | 0.30 | 0.29 | — | |
| PepsiCo Inc. | 0.42 | 0.44 | 0.48 | 0.41 | — | |
| Philip Morris International Inc. | 0.70 | 0.67 | 0.70 | 0.72 | — | |
| Debt to Assets, Sector | ||||||
| Food, Beverage & Tobacco | 0.48 | 0.47 | 0.49 | 0.47 | — | |
| Debt to Assets, Industry | ||||||
| Consumer Staples | 0.32 | 0.32 | 0.35 | 0.35 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 798 ÷ 8,293,105 = 0.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Monster Beverage Corp. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
Monster Beverage Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current finance lease liabilities | 757) | 960) | 799) | 1,485) | 836) | |
| Noncurrent finance lease liabilities | 41) | 41) | 24) | —) | —) | |
| Total debt | 798) | 1,001) | 823) | 1,485) | 836) | |
| Operating lease liabilities (included in Accrued liabilities) | 7,747) | 3,990) | 3,171) | 2,812) | —) | |
| Operating lease liabilities (included in Other liabilities) | 29,586) | 17,389) | 17,342) | 25,651) | —) | |
| Total debt (including operating lease liability) | 38,131) | 22,380) | 21,336) | 29,948) | 836) | |
| Total assets | 8,293,105) | 7,804,784) | 6,202,716) | 5,150,352) | 4,526,891) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Coca-Cola Co. | 0.44 | 0.47 | 0.51 | 0.51 | — | |
| Mondelēz International Inc. | 0.33 | 0.30 | 0.31 | 0.29 | — | |
| PepsiCo Inc. | 0.45 | 0.46 | 0.49 | 0.43 | — | |
| Philip Morris International Inc. | 0.71 | 0.69 | 0.72 | 0.74 | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Food, Beverage & Tobacco | 0.50 | 0.49 | 0.51 | 0.49 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Consumer Staples | 0.35 | 0.35 | 0.38 | 0.36 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 38,131 ÷ 8,293,105 = 0.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Monster Beverage Corp. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Financial Leverage
Monster Beverage Corp., financial leverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total assets | 8,293,105) | 7,804,784) | 6,202,716) | 5,150,352) | 4,526,891) | |
| Stockholders’ equity | 7,025,041) | 6,566,951) | 5,160,860) | 4,171,281) | 3,610,901) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.18 | 1.19 | 1.20 | 1.23 | 1.25 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Altria Group Inc. | — | — | 16.70 | 7.92 | — | |
| Coca-Cola Co. | 3.85 | 4.10 | 4.52 | 4.55 | — | |
| Mondelēz International Inc. | 2.65 | 2.37 | 2.46 | 2.37 | — | |
| PepsiCo Inc. | 5.38 | 5.76 | 6.91 | 5.31 | — | |
| Philip Morris International Inc. | — | — | — | — | — | |
| Financial Leverage, Sector | ||||||
| Food, Beverage & Tobacco | 6.43 | 6.02 | 6.72 | 5.78 | — | |
| Financial Leverage, Industry | ||||||
| Consumer Staples | 3.82 | 3.80 | 3.94 | 3.68 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 8,293,105 ÷ 7,025,041 = 1.18
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Monster Beverage Corp. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
Interest Coverage
Monster Beverage Corp., interest coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 1,191,624) | 1,377,475) | 1,409,594) | 1,107,835) | 993,004) | |
| Add: Income tax expense | 380,340) | 423,944) | 216,563) | 308,127) | 300,268) | |
| Add: Interest on finance lease liabilities | 24) | 19) | 39) | 56) | 60) | |
| Earnings before interest and tax (EBIT) | 1,571,988) | 1,801,438) | 1,626,196) | 1,416,018) | 1,293,332) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 65,499.50 | 94,812.53 | 41,697.33 | 25,286.04 | 21,555.53 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Altria Group Inc. | 7.55 | 4.22 | 6.63 | 1.58 | — | |
| Coca-Cola Co. | 14.25 | 8.78 | 7.78 | 12.40 | — | |
| Mondelēz International Inc. | 9.39 | 16.08 | 12.33 | 9.03 | — | |
| PepsiCo Inc. | 10.57 | 5.94 | 8.24 | 9.20 | — | |
| Philip Morris International Inc. | 16.33 | 17.80 | 16.07 | 13.59 | — | |
| Interest Coverage, Sector | ||||||
| Food, Beverage & Tobacco | 11.44 | 8.48 | 9.19 | 8.43 | — | |
| Interest Coverage, Industry | ||||||
| Consumer Staples | 14.44 | 10.59 | 10.92 | 8.45 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= 1,571,988 ÷ 24 = 65,499.50
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Monster Beverage Corp. interest coverage ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Fixed Charge Coverage
Monster Beverage Corp., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 1,191,624) | 1,377,475) | 1,409,594) | 1,107,835) | 993,004) | |
| Add: Income tax expense | 380,340) | 423,944) | 216,563) | 308,127) | 300,268) | |
| Add: Interest on finance lease liabilities | 24) | 19) | 39) | 56) | 60) | |
| Earnings before interest and tax (EBIT) | 1,571,988) | 1,801,438) | 1,626,196) | 1,416,018) | 1,293,332) | |
| Add: Operating lease cost | 8,641) | 4,614) | 4,637) | 4,899) | 6,100) | |
| Earnings before fixed charges and tax | 1,580,629) | 1,806,052) | 1,630,833) | 1,420,917) | 1,299,432) | |
| Interest on finance lease liabilities | 24) | 19) | 39) | 56) | 60) | |
| Operating lease cost | 8,641) | 4,614) | 4,637) | 4,899) | 6,100) | |
| Fixed charges | 8,665) | 4,633) | 4,676) | 4,955) | 6,160) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 182.42 | 389.82 | 348.77 | 286.76 | 210.95 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Coca-Cola Co. | 10.14 | 7.41 | 6.45 | 9.47 | — | |
| Mondelēz International Inc. | 6.60 | 10.28 | 8.27 | 6.51 | — | |
| PepsiCo Inc. | 7.28 | 4.85 | 6.06 | 6.79 | — | |
| Philip Morris International Inc. | 12.59 | 13.43 | 11.50 | 9.88 | — | |
| Fixed Charge Coverage, Sector | ||||||
| Food, Beverage & Tobacco | 8.83 | 7.05 | 7.37 | 6.76 | — | |
| Fixed Charge Coverage, Industry | ||||||
| Consumer Staples | 8.92 | 7.21 | 7.15 | 5.41 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 1,580,629 ÷ 8,665 = 182.42
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Monster Beverage Corp. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |