Monster Beverage's quarterly cash and cash equivalents
declined
from Jun. 2023 ($1,869.77 Mil) to Sep. 2023 ($1,773.85 Mil) but then
increased
from Sep. 2023 ($1,773.85 Mil) to Dec. 2023 ($2,297.68 Mil).
Monster Beverage's annual cash and cash equivalents
declined
from Dec. 2021 ($1,326.46 Mil) to Dec. 2022 ($1,307.14 Mil) but then
increased
from Dec. 2022 ($1,307.14 Mil) to Dec. 2023 ($2,297.68 Mil).
Monster Beverage Cash And Cash Equivalents Historical Data
The historical data trend for Monster Beverage's Cash And Cash Equivalents 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.
* Premium members only.
Monster Beverage Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Cash And Cash Equivalents
797.96
1,180.41
1,326.46
1,307.14
2,297.68
Monster Beverage Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Cash And Cash Equivalents
1,307.14
1,672.66
1,869.77
1,773.85
2,297.68
Monster Beverage Cash And Cash Equivalents Calculation
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Monster Beverage (NAS:MNST) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Monster Beverage Cash And Cash Equivalents Related Terms
Thank you for viewing the detailed overview of Monster Beverage's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Monster Beverage (Monster Beverage) Business Description
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.
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