Current Ratio
since 2005
Calculation
Monster Beverage Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 4.81 | = | 5,588,996) | ÷ | 1,161,689) |
| Dec 31, 2022 | 4.76 | = | 4,764,897) | ÷ | 1,001,978) |
| Dec 31, 2021 | 4.85 | = | 4,682,110) | ÷ | 965,076) |
| Dec 31, 2020 | 4.19 | = | 3,140,955) | ÷ | 749,988) |
| Dec 31, 2019 | 3.50 | = | 2,316,309) | ÷ | 661,097) |
| Dec 31, 2018 | 3.00 | = | 1,804,170) | ÷ | 601,145) |
| Dec 31, 2017 | 3.72 | = | 2,086,377) | ÷ | 560,351) |
| Dec 31, 2016 | 3.04 | = | 1,432,270) | ÷ | 470,589) |
| Dec 31, 2015 | 6.97 | = | 3,582,602) | ÷ | 514,189) |
| Dec 31, 2014 | 4.76 | = | 1,693,429) | ÷ | 355,716) |
| Dec 31, 2013 | 3.74 | = | 1,183,043) | ÷ | 316,014) |
| Dec 31, 2012 | 2.89 | = | 835,068) | ÷ | 288,545) |
| Dec 31, 2011 | 4.44 | = | 1,182,677) | ÷ | 266,090) |
| Dec 31, 2010 | 6.97 | = | 898,153) | ÷ | 128,834) |
| Dec 31, 2009 | 6.99 | = | 585,504) | ÷ | 83,729) |
| Dec 31, 2008 | 3.00 | = | 561,324) | ÷ | 187,334) |
| Dec 31, 2007 | 3.26 | = | 270,149) | ÷ | 82,881) |
| Dec 31, 2006 | 4.38 | = | 275,157) | ÷ | 62,843) |
| Dec 31, 2005 | 4.26 | = | 140,287) | ÷ | 32,957) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The liquidity profile of the entity exhibits a long-term trend of substantial growth in current assets, which has consistently outpaced the growth of current liabilities from 2005 through 2023. This imbalance has resulted in a current ratio that remains significantly above the 1.0 threshold, indicating a robust capacity to meet short-term obligations.
- Current Asset Trajectory
- Current assets increased from 140.3 million USD in 2005 to approximately 5.59 billion USD by 2023. While the overall trajectory is upward, a notable volatility peak occurred in 2015 when assets reached 3.58 billion USD, followed by a sharp contraction to 1.43 billion USD in 2016. Since 2017, a sustained and steady ascent has been observed.
- Current Liability Management
- Current liabilities demonstrated a more controlled and linear increase, rising from 33 million USD in 2005 to 1.16 billion USD in 2023. The growth rate of these obligations remained significantly lower than that of assets, contributing to the overall expansion of the liquidity buffer.
- Current Ratio Volatility and Trends
- The current ratio fluctuated between a minimum of 2.89 in 2012 and a maximum of 6.99 in 2009. Two primary peaks are evident: one during the 2009-2010 period and another in 2015, both reaching approximately 7.0. Following a period of relative stabilization between 2016 and 2018, where the ratio hovered around 3.0, a consistent upward trend has emerged, culminating in a ratio of 4.81 by 2023.
The financial evidence reflects a conservative liquidity strategy characterized by a substantial margin of safety. The consistent maintenance of a current ratio well above 3.0 throughout the analyzed period suggests a high degree of financial flexibility and minimal risk of short-term insolvency.
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Comparison to Competitors
Monster Beverage Corp., current ratio, long-term trends, comparison to competitors
| Monster Beverage Corp. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 4.81 | 1.13 | 0.62 | 0.85 | 0.75 |
| Dec 31, 2022 | 4.76 | 1.15 | 0.60 | 0.80 | 0.72 |
| Dec 31, 2021 | 4.85 | 1.13 | 0.74 | 0.83 | 0.92 |
| Dec 31, 2020 | 4.19 | 1.32 | 0.66 | 0.98 | 1.10 |
| Dec 31, 2019 | 3.50 | 0.76 | 0.50 | 0.86 | 1.09 |
| Dec 31, 2018 | 3.00 | 1.05 | 0.45 | 0.99 | 1.13 |
| Dec 31, 2017 | 3.72 | 1.34 | 0.48 | 1.51 | 1.35 |
| Dec 31, 2016 | 3.04 | 1.28 | 0.59 | 1.28 | 1.07 |
| Dec 31, 2015 | 6.97 | 1.24 | 0.82 | 1.31 | 1.03 |
| Dec 31, 2014 | 4.76 | 1.02 | 0.84 | 1.14 | 1.02 |
| Dec 31, 2013 | 3.74 | 1.13 | 0.92 | 1.24 | 0.99 |
| Dec 31, 2012 | 2.89 | 1.09 | 1.05 | 1.10 | 0.97 |
| Dec 31, 2011 | 4.44 | 1.05 | 0.88 | 0.96 | 1.00 |
| Dec 31, 2010 | 6.97 | 1.17 | 1.04 | 1.11 | 1.07 |
| Dec 31, 2009 | 6.99 | 1.28 | 1.08 | 1.44 | 1.31 |
| Dec 31, 2008 | 3.00 | 0.94 | 1.03 | 1.23 | 1.47 |
| Dec 31, 2007 | 3.26 | 0.92 | 0.63 | 1.31 | — |
| Dec 31, 2006 | 4.38 | 0.95 | 0.79 | 1.33 | — |
| Dec 31, 2005 | 4.26 | 1.04 | 0.93 | 1.11 | — |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Monster Beverage Corp., current ratio, long-term trends, comparison to sector (food, beverage & tobacco)
| Monster Beverage Corp. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | 4.81 | 0.85 |
| Dec 31, 2022 | 4.76 | 0.82 |
| Dec 31, 2021 | 4.85 | 0.91 |
| Dec 31, 2020 | 4.19 | 1.01 |
| Dec 31, 2019 | 3.50 | 0.81 |
| Dec 31, 2018 | 3.00 | 0.93 |
| Dec 31, 2017 | 3.72 | 1.22 |
| Dec 31, 2016 | 3.04 | 1.11 |
| Dec 31, 2015 | 6.97 | 1.15 |
| Dec 31, 2014 | 4.76 | 1.02 |
| Dec 31, 2013 | 3.74 | 1.08 |
| Dec 31, 2012 | 2.89 | 1.06 |
| Dec 31, 2011 | 4.44 | 0.98 |
| Dec 31, 2010 | 6.97 | 1.10 |
| Dec 31, 2009 | 6.99 | 1.27 |
| Dec 31, 2008 | 3.00 | 1.15 |
| Dec 31, 2007 | 3.26 | 0.87 |
| Dec 31, 2006 | 4.38 | 0.98 |
| Dec 31, 2005 | 4.26 | 1.03 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Monster Beverage Corp., current ratio, long-term trends, comparison to industry (consumer staples)
| Monster Beverage Corp. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | 4.81 | 0.84 |
| Dec 31, 2022 | 4.76 | 0.87 |
| Dec 31, 2021 | 4.85 | 0.93 |
| Dec 31, 2020 | 4.19 | 0.92 |
| Dec 31, 2019 | 3.50 | 0.82 |
| Dec 31, 2018 | 3.00 | 0.87 |
| Dec 31, 2017 | 3.72 | 1.02 |
| Dec 31, 2016 | 3.04 | 1.04 |
| Dec 31, 2015 | 6.97 | 1.06 |
| Dec 31, 2014 | 4.76 | 0.97 |
| Dec 31, 2013 | 3.74 | 0.97 |
| Dec 31, 2012 | 2.89 | 0.99 |
| Dec 31, 2011 | 4.44 | 0.97 |
| Dec 31, 2010 | 6.97 | 1.01 |
| Dec 31, 2009 | 6.99 | 1.03 |
| Dec 31, 2008 | 3.00 | 0.98 |
| Dec 31, 2007 | 3.26 | 0.91 |
| Dec 31, 2006 | 4.38 | 1.04 |
| Dec 31, 2005 | 4.26 | 0.99 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).