Monster Beverage (Monster Beverage) Interest Coverage

: No Debt ⁽¹⁾ (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Monster Beverage's Operating Income for the three months ended in Dec. 2023 was $434 Mil. Monster Beverage's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. Monster Beverage has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Monster Beverage Corp has no debt.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Monster Beverage's Interest Coverage or its related term are showing as below:

MNST' s Interest Coverage Range Over the Past 10 Years
Min: 347.83 Med: No Debt Max: No Debt
Current: No Debt

MNST's Interest Coverage is ranked better than
98.7% of 77 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 17.45 vs MNST: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Monster Beverage Interest Coverage Historical Data

The historical data trend for Monster Beverage's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Monster Beverage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Monster Beverage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Monster Beverage's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Monster Beverage Interest Coverage Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Monster Beverage's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Monster Beverage's Interest Coverage falls into.

Monster Beverage Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Monster Beverage's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Monster Beverage's Interest Expense was $0 Mil. Its Operating Income was $1,953 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Monster Beverage had no debt ⁽¹⁾.

Monster Beverage's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Monster Beverage's Interest Expense was $0 Mil. Its Operating Income was $434 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Monster Beverage had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Monster Beverage (NAS:MNST) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Monster Beverage Interest Coverage Related Terms

Thank you for viewing the detailed overview of Monster Beverage's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Monster Beverage (Monster Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Monster Beverage Corp (NAS:MNST) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MNST:Mexico MOB:Germany MOB:Germany MOB:Germany M1NS34:Brazil MNST:Austria

Address

1 Monster Way, Corona, CA, USA, 92879

Website

https://www.monsterbevcorp.com

Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the U.S. and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.

Executives

Guy Carling	officer: President of EMEA	1 MONSTER WAY, CORONA CA 92879
Thomas J Kelly	officer: VP-Hansen Beverage Company	MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879
Mark Vidergauz	director	C/O MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879
Ana Demel	director	1 MONSTER WAY, CORONA CA 92879
Mark J Hall	officer: Senior VP, Hansen Bev Co	MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879
James L Dinkins	director	C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Steven G Pizula	director	1 MONSTER WAY, CORONA CA 92879
Emelie Tirre	officer: President of the Americas	1 MONSTER WAY, CORONA CA 92879
Gary P Fayard	director	ONE COCA COLA PLAZA, ATLANTA GA 30313
Tiffany M. Hall	director	1 MONSTER WAY, CORONA CA 92879
Jeanne P Jackson	director	537 NEWPORT CENTER DRIVE, #306, NEWPORT BEACH CA 92660
Hilton H Schlosberg	director, officer: Vice Chairman and President	C/O MONSTER BEVERAGE CORP, 1 MONSTER WAY, CORONA CA 92879
Rodney C Sacks	director, officer: Chairman and CEO	C/O HANSEN NATURAL CORP, 550 MONICA CIRCLE, SUITE 201, CORONA CA 92880
Sydney Selati	director	1 MONSTER WAY, CORONA CA 92879
Benjamin Polk	director	C/O MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879