The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Monster Beverage's current ratio for the quarter that ended in Sep. 2020 was 3.65.
Monster Beverage has a current ratio of 3.65. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
NAS:MNST'
s Current Ratio Range Over the Past 10 Years
Min: 0.63 Med: 3.16 Max: 70
Current: 3.65
0.63
-
70
During the past 13 years, Monster Beverage's highest Current Ratio was 70.00. The lowest was 0.63. And the median was 3.16.
NAS:MNST's Current Ratio is ranked higher than
89% of the 96
Companies
in the Beverages - Non-Alcoholic industry.
( Industry Median: 1.46
vs. NAS:MNST: 3.65
)
Monster Beverage Current Ratio Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* Premium members only.
Monster Beverage Annual Data
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Current Ratio
8.77
3.04
3.72
3.00
3.50
Monster Beverage Quarterly Data
Dec15
Mar16
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Current Ratio
3.31
3.50
2.92
3.51
3.65
Competitive Comparison
* 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.
Monster Beverage Current Ratio Distribution
* The bar in red indicates where Monster Beverage's Current Ratio falls into.
Monster Beverage Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Monster Beverage's Current Ratio for the fiscal year that ended in Dec. 2019
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Monster Beverage (NAS:MNST) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
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