Analysis of Debt
Total Debt (Carrying Amount)
Monster Beverage Corp., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 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).
- Current finance lease liabilities
- There was a noticeable decline in current finance lease liabilities from 1,485 thousand US dollars in 2019 to 799 thousand in 2020, representing a significant reduction. In 2021, the liabilities rose slightly to 960 thousand, followed by a decrease to 757 thousand in 2022. However, in 2023, there was a dramatic increase to 6,449 thousand, indicating a substantial rise in short-term finance lease obligations during that year.
- Noncurrent finance lease liabilities
- The noncurrent finance lease liabilities were not reported in 2019. From 2020 to 2022, these liabilities remained relatively low and stable, fluctuating slightly from 24 thousand in 2020 to 41 thousand in both 2021 and 2022. In 2023, the noncurrent liabilities decreased to 19 thousand, marking the lowest level recorded during the analyzed period.
- Total finance lease liabilities (carrying amount)
- The total finance lease liabilities closely mirrored the trends seen in current finance lease liabilities, beginning at 1,485 thousand US dollars in 2019 and decreasing significantly to 823 thousand in 2020. A modest increase occurred in 2021 to 1,001 thousand, followed by a decrease to 798 thousand in 2022. In 2023, total finance lease liabilities surged to 6,468 thousand, predominantly driven by the increase in current liabilities.
Total Debt (Fair Value)
| Dec 31, 2023 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Total finance lease liabilities (fair value) | 6,468) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 1.00 |
Based on: 10-K (reporting date: 2023-12-31).
Weighted-average Interest Rate on Debt
Weighted-average discount rate for finance leases: 6.30%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 6.30% | 6,468) | 407) | |
| Total | 6,468) | 407) | |
| 6.30% | |||
Based on: 10-K (reporting date: 2023-12-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × 407 ÷ 6,468 = 6.30%