Debt to Equity
since 2005
Calculation
Monster Beverage Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.00 | = | —) | ÷ | 8,228,744) |
| Dec 31, 2022 | 0.00 | = | —) | ÷ | 7,025,041) |
| Dec 31, 2021 | 0.00 | = | —) | ÷ | 6,566,951) |
| Dec 31, 2020 | 0.00 | = | —) | ÷ | 5,160,860) |
| Dec 31, 2019 | 0.00 | = | —) | ÷ | 4,171,281) |
| Dec 31, 2018 | 0.00 | = | —) | ÷ | 3,610,901) |
| Dec 31, 2017 | 0.00 | = | —) | ÷ | 3,895,212) |
| Dec 31, 2016 | 0.00 | = | —) | ÷ | 3,329,709) |
| Dec 31, 2015 | 0.00 | = | —) | ÷ | 4,809,410) |
| Dec 31, 2014 | 0.00 | = | —) | ÷ | 1,515,150) |
| Dec 31, 2013 | 0.00 | = | —) | ÷ | 992,279) |
| Dec 31, 2012 | 0.00 | = | —) | ÷ | 644,397) |
| Dec 31, 2011 | 0.00 | = | —) | ÷ | 979,158) |
| Dec 31, 2010 | 0.00 | = | 274) | ÷ | 828,398) |
| Dec 31, 2009 | 0.00 | = | 206) | ÷ | 584,953) |
| Dec 31, 2008 | 0.00 | = | 959) | ÷ | 436,316) |
| Dec 31, 2007 | 0.00 | = | 663) | ÷ | 422,167) |
| Dec 31, 2006 | 0.00 | = | 303) | ÷ | 225,084) |
| Dec 31, 2005 | 0.00 | = | 525) | ÷ | 125,509) |
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 financial position is characterized by an exceptionally conservative capital structure and substantial long-term growth in equity. There is a near-total absence of long-term leverage across the evaluated period, indicating a strategic reliance on internal funding and equity rather than external debt financing.
- Long-Term Debt Trends
- Between 2005 and 2010, long-term debt levels remained immaterial, fluctuating between a low of $206,000 in 2009 and a peak of $959,000 in 2008. From 2011 through 2023, no long-term debt was recorded, reflecting a balance sheet devoid of long-term borrowing obligations.
- Stockholders' Equity Expansion
- Equity demonstrated consistent and aggressive growth, increasing from $125.5 million in 2005 to $8.23 billion by the end of 2023. A significant acceleration in equity accumulation is observable between 2013 and 2015, during which the value increased from approximately $992 million to $4.81 billion.
- Debt to Equity Ratio Analysis
- The debt to equity ratio was consistently reported as 0.00 from 2005 to 2010, confirming that the minimal debt levels held were insignificant relative to the equity base. The continued absence of long-term debt in the subsequent years indicates a capital structure funded entirely by equity and retained earnings, resulting in negligible financial leverage.
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Comparison to Competitors
Monster Beverage Corp., debt to equity, long-term trends, comparison to competitors
| Monster Beverage Corp. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.00 | 1.62 | 0.69 | 2.38 | — |
| Dec 31, 2022 | 0.00 | 1.62 | 0.85 | 2.28 | — |
| Dec 31, 2021 | 0.00 | 1.86 | 0.69 | 2.51 | — |
| Dec 31, 2020 | 0.00 | 2.22 | 0.73 | 3.28 | — |
| Dec 31, 2019 | 0.00 | 2.25 | 0.68 | 2.17 | — |
| Dec 31, 2018 | 0.00 | 2.56 | 0.72 | 2.23 | — |
| Dec 31, 2017 | 0.00 | 2.79 | 0.68 | 3.61 | — |
| Dec 31, 2016 | 0.00 | 1.98 | 0.68 | 3.33 | — |
| Dec 31, 2015 | 0.00 | 1.73 | 0.55 | 2.79 | — |
| Dec 31, 2014 | 0.00 | 1.38 | 0.60 | 1.66 | — |
| Dec 31, 2013 | 0.00 | 1.12 | 0.53 | 1.22 | — |
| Dec 31, 2012 | 0.00 | 0.99 | 0.60 | 1.27 | — |
| Dec 31, 2011 | 0.00 | 0.90 | 0.76 | 1.30 | 80.98 |
| Dec 31, 2010 | 0.00 | 0.76 | 0.80 | 1.18 | 4.71 |
| Dec 31, 2009 | 0.00 | 0.48 | 0.73 | 0.47 | 2.70 |
| Dec 31, 2008 | 0.00 | 0.45 | 0.91 | 0.68 | 1.59 |
| Dec 31, 2007 | 0.00 | 0.43 | 0.77 | 0.24 | — |
| Dec 31, 2006 | 0.00 | 0.27 | 0.36 | 0.18 | — |
| Dec 31, 2005 | 0.00 | 0.35 | 0.36 | 0.37 | — |
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., debt to equity, long-term trends, comparison to sector (food, beverage & tobacco)
| Monster Beverage Corp. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | 0.00 | 2.49 |
| Dec 31, 2022 | 0.00 | 2.44 |
| Dec 31, 2021 | 0.00 | 2.28 |
| Dec 31, 2020 | 0.00 | 2.90 |
| Dec 31, 2019 | 0.00 | 2.51 |
| Dec 31, 2018 | 0.00 | 2.82 |
| Dec 31, 2017 | 0.00 | 3.31 |
| Dec 31, 2016 | 0.00 | 2.76 |
| Dec 31, 2015 | 0.00 | 2.32 |
| Dec 31, 2014 | 0.00 | 1.86 |
| Dec 31, 2013 | 0.00 | 1.36 |
| Dec 31, 2012 | 0.00 | 1.23 |
| Dec 31, 2011 | 0.00 | 1.15 |
| Dec 31, 2010 | 0.00 | 1.02 |
| Dec 31, 2009 | 0.00 | 0.74 |
| Dec 31, 2008 | 0.00 | 0.80 |
| Dec 31, 2007 | 0.00 | 0.52 |
| Dec 31, 2006 | 0.00 | 0.29 |
| Dec 31, 2005 | 0.00 | 0.36 |
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., debt to equity, long-term trends, comparison to industry (consumer staples)
| Monster Beverage Corp. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | 0.00 | 1.15 |
| Dec 31, 2022 | 0.00 | 1.07 |
| Dec 31, 2021 | 0.00 | 1.07 |
| Dec 31, 2020 | 0.00 | 1.24 |
| Dec 31, 2019 | 0.00 | 1.18 |
| Dec 31, 2018 | 0.00 | 1.11 |
| Dec 31, 2017 | 0.00 | 1.20 |
| Dec 31, 2016 | 0.00 | 1.09 |
| Dec 31, 2015 | 0.00 | 1.00 |
| Dec 31, 2014 | 0.00 | 0.96 |
| Dec 31, 2013 | 0.00 | 0.87 |
| Dec 31, 2012 | 0.00 | 0.83 |
| Dec 31, 2011 | 0.00 | 0.80 |
| Dec 31, 2010 | 0.00 | 0.74 |
| Dec 31, 2009 | 0.00 | 0.69 |
| Dec 31, 2008 | 0.00 | 0.68 |
| Dec 31, 2007 | 0.00 | 0.55 |
| Dec 31, 2006 | 0.00 | 0.52 |
| Dec 31, 2005 | 0.00 | 0.59 |
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).