Monster Beverage debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Cash & equivalents

USD millions

$2,192.424M

Net debt

USD millions

—

Debt / equity

—

Debt / assets

—

Net debt / EBITDA

× · TTM

—

Debt / FCF

× · TTM

—

Interest coverage

× · TTM

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Current ratio

3.73×

Diluted shares

Million shares

1,976.96M shares

Basic shares

Million shares

1,957.32M shares

Share count growth

0.3%

Share repurchases

USD millions

$0.008M

Quarterly data

Monster Beverage capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	2,192.42	—	—	—	—	—	—	3.73×	1,976.96	1,957.32	0.3%	0.01
FY 2026 Q1	Mar 31, 2026	—	2,039.7	—	—	—	—	—	—	3.26×	1,976.52	1,956.62	0.48%	133.97
FY 2025 Q4	Dec 31, 2025	—	2,088.12	—	—	—	—	—	—	3.7×	1,974.36	1,955.04	0.49%	59.73
FY 2025 Q3	Sep 30, 2025	—	2,292.94	—	—	—	—	—	—	3.19×	1,969.93	1,953.22	0.08%	27.29
FY 2025 Q2	Jun 30, 2025	—	1,926.93	—	—	—	—	—	—	3.52×	1,967.99	1,951.5	-5.2%	0
FY 2025 Q1	Mar 31, 2025	199.06	1,903.42	-1,704.36	0.03×	2.42%	-0.83×	0.11×	—	3.37×	1,962.56	1,947.24	-6.48%	16.63
FY 2024 Q4	Dec 31, 2024	373.95	1,533.29	-1,159.34	0.06×	4.84%	-0.58×	0.22×	—	3.32×	1,961.85	1,945.48	-6.52%	1.69
FY 2024 Q3	Sep 30, 2024	748.84	1,625.34	-876.5	0.13×	9.3%	-0.43×	0.46×	—	3.13×	1,966.34	1,951.68	-6.8%	535.66
FY 2024 Q2	Jun 30, 2024	748.74	1,564.73	-815.99	0.13×	9.29%	-0.39×	0.49×	—	3.41×	2,074.76	2,058.54	-1.7%	3,114.28
FY 2024 Q1	Mar 31, 2024	—	2,576.52	—	—	—	—	—	—	4.91×	2,102.56	2,082.16	-0.37%	120.25
FY 2023 Q4	Dec 31, 2023	0	2,297.68	-2,297.68	0×	0%	-1.14×	0×	—	4.81×	2,105.11	2,081.17	-0.4%	170.87
FY 2023 Q3	Sep 30, 2023	—	1,773.85	—	—	—	—	—	—	4.51×	2,119.93	2,094.03	-0.62%	397.26
FY 2023 Q2	Jun 30, 2023	—	1,869.77	—	—	—	—	—	—	4.86×	2,120.19	2,094.13	-0.96%	55.7
FY 2023 Q1	Mar 31, 2023	—	1,672.66	—	—	—	—	—	—	4.46×	2,118.14	2,089.82	-1.31%	35.13
FY 2022 Q4	Dec 31, 2022	—	1,307.14	—	—	—	—	—	—	4.76×	2,116.53	2,089.5	-1.29%	277.71
FY 2022 Q3	Sep 30, 2022	—	1,303.05	—	—	—	—	—	—	4.19×	2,133.2	2,107.19	-0.42%	196.82
FY 2022 Q2	Jun 30, 2022	—	1,132.04	—	—	—	—	—	—	4.29×	2,139.24	2,114.47	-0.01%	284.31
FY 2022 Q1	Mar 31, 2022	—	1,014.79	—	—	—	—	—	—	4.54×	2,142.22	2,117.62	0.23%	12.19
FY 2021 Q4	Dec 31, 2021	—	1,326.46	—	—	—	—	—	—	4.85×	2,143.56	2,116.77	0.23%	0.01
FY 2021 Q3	Sep 30, 2021	—	1,712.67	—	—	—	—	—	—	4.7×	2,143.66	2,115.99	0.26%	0
FY 2021 Q2	Jun 30, 2021	—	1,584.24	—	—	—	—	—	—	4.45×	2,142.23	2,114.61	0.33%	0.4
FY 2021 Q1	Mar 31, 2021	—	1,178.88	—	—	—	—	—	—	4.35×	2,139.93	2,112.78	-1.47%	13.42
FY 2020 Q4	Dec 31, 2020	—	1,180.41	—	—	—	—	—	—	4.19×	2,136.8	2,111.94	-1.75%	0
FY 2020 Q3	Sep 30, 2020	—	1,074.73	—	—	—	—	—	—	3.65×	2,133.05	2,110.55	-3.09%	0.15
FY 2020 Q2	Jun 30, 2020	—	921.33	—	—	—	—	—	—	3.51×	2,124.76	2,107.64	-3.17%	36.56
FY 2020 Q1	Mar 31, 2020	—	701.84	—	—	—	—	—	—	2.92×	2,162.07	2,144.24	-1.24%	559.21
FY 2019 Q4	Dec 31, 2019	—	797.96	—	—	—	—	—	—	3.5×	2,165.32	2,149.62	-2.35%	229.58
FY 2019 Q3	Sep 30, 2019	—	717.62	—	—	—	—	—	—	3.31×	2,193.69	2,177.88	-1.49%	254.31
FY 2019 Q2	Jun 30, 2019	—	888.25	—	—	—	—	—	—	3.3×	2,192.87	2,176.62	-2.81%	0.62
FY 2019 Q1	Mar 31, 2019	—	618.34	—	—	—	—	—	—	3.02×	2,193.09	2,171.07	-4.1%	222.79
FY 2018 Q4	Dec 31, 2018	—	637.51	—	—	—	—	—	—	3×	2,226.9	2,201.29	—	536.93
FY 2018 Q3	Sep 30, 2018	—	713.71	—	—	—	—	—	—	3.28×	2,239.82	2,210.78	—	0
FY 2018 Q2	Jun 30, 2018	—	659.69	—	—	—	—	—	—	2.98×	2,265.41	2,239.47	—	553.2
FY 2018 Q1	Mar 31, 2018	—	511.36	—	—	—	—	—	—	3.82×	2,296.52	2,264	—	251.95
FY 2011 Q2	Jun 30, 2011	—	418.2	—	—	—	—	—	—	6.51×	2,246.5	2,123.4	-0.13%	0
FY 2011 Q1	Mar 31, 2011	—	295.51	—	—	—	—	—	—	6.16×	2,246.98	2,134.3	—	38.86
FY 2010 Q4	Dec 31, 2010	—	354.84	—	—	—	—	—	—	6.97×	2,240.05	2,130.03	—	0
FY 2010 Q3	Sep 30, 2010	—	509.63	—	—	—	—	—	—	6.03×	2,228.76	2,120.86	—	0
FY 2010 Q2	Jun 30, 2010	—	409.91	—	—	—	—	—	—	4.84×	2,231.26	2,126.09	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · MNST, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.