Monster Beverage Corporation (MNST) Balance Sheet
MNST balance sheet, 2025
December 31, 2025 · U.S. dollars$9.99B assets = $1.73B liabilities + $8.25B equity
Both columns are drawn to the same scale: what MNST owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MNST financial health
Current ratio3.70
Comfortable · current assets cover current liabilities 3.70×
Equity / assets82.6%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles27.1%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
MNST balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.15B2016 | $9.99B2025 | +10.2%/yr | |
| Total liabilities | $823.8M2016 | $1.73B2025 | +8.6%/yr | |
| Shareholders’ equity | $3.33B2016 | $8.25B2025 | +10.6%/yr | |
| Cash & short-term investments | $598.1M2016 | $2.77B2025 | +18.5%/yr | |
| Total debt | $6.0M2017 | $374.0M2024 | +80.5%/yr | |
| Net cash (debt) | $1.20B2017 | $1.16B2024 | −$36.2M | |
| Working capital | $961.7M2016 | $3.91B2025 | +$3.0B | |
| Book value per share | $1.392016 | $4.192025 | +13.1%/yr | |
| Current ratio | 3.042016 | 3.702025 | +0.66 | |
| Debt / equity | 0.002017 | 0.062024 | +0.06 | |
| Shares outstanding | 2.40B2016 | 1.97B2025 | −2.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MNST assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
MNST liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
MNST debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MNST balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.77B | $1.53B | $3.25B | $2.67B | $3.08B | $2.06B | $1.33B | $958.2M | $1.20B | $598.1M |
| Cash & equivalents | $2.09B | $1.53B | $2.30B | $1.31B | $1.33B | $1.18B | $798.0M | $637.5M | $528.6M | $377.6M |
| Short-term investments | $677.1M | $0 | $955.6M | $1.36B | $1.75B | $881.4M | $533.1M | $320.6M | $672.9M | $220.6M |
| Receivables | $1.62B | $1.22B | $1.19B | $1.02B | $896.7M | $666.0M | $540.3M | $484.6M | $449.5M | $573.1M |
| Inventory | $799.6M | $737.1M | $971.4M | $935.6M | $593.4M | $333.1M | $360.7M | $277.7M | $255.7M | $162.0M |
| Other current assets | $178.2M | $149.5M | $170.3M | $143.6M | $115.9M | $80.1M | $84.2M | $83.7M | $179.6M | $99.1M |
| Total current assets | $5.36B | $3.64B | $5.59B | $4.76B | $4.68B | $3.14B | $2.32B | $1.80B | $2.09B | $1.43B |
| Property, plant & equipment (net) | $1.08B | $1.10B | $890.8M | $516.9M | $313.8M | $314.7M | $298.6M | $243.1M | $230.3M | $173.3M |
| Goodwill & intangible assets | $2.71B | $2.75B | $2.85B | $2.64B | $2.40B | $2.39B | $2.38B | $2.38B | $2.37B | $2.36B |
| Long-term investments | $487.3M | $0 | $76.4M | $61.4M | $99.4M | $44.3M | $12.9M | $0 | $2.4M | $2.4M |
| Other non-current assets | $348.1M | $229.4M | $285.2M | $311.5M | $305.5M | $312.1M | $138.8M | $102.1M | $106.3M | $181.2M |
| Total assets | $9.99B | $7.72B | $9.69B | $8.29B | $7.80B | $6.20B | $5.15B | $4.53B | $4.79B | $4.15B |
| Liabilities | ||||||||||
| Accounts payable | $566.0M | $466.8M | $564.4M | $444.3M | $404.3M | $296.8M | $274.0M | $248.8M | $245.9M | $193.3M |
| Short-term debt | — | $16.7M | $17.5M | $16.3M | $10.8M | $2.4M | $3.7M | $11.7M | $6.0M | — |
| Deferred revenue | $45.3M | $45.8M | $41.9M | $43.3M | $42.5M | $45.4M | $44.2M | $44.0M | $43.2M | $41.7M |
| Total current liabilities | $1.45B | $1.10B | $1.16B | $1.00B | $965.1M | $750.0M | $661.1M | $601.1M | $560.4M | $470.6M |
| Long-term debt | $0 | $374.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $287.1M | $289.9M | $296.1M | $266.1M | $272.8M | $291.9M | $318.0M | $314.8M | $335.4M | $353.2M |
| Total liabilities | $1.73B | $1.76B | $1.46B | $1.27B | $1.24B | $1.04B | $979.1M | $916.0M | $895.8M | $823.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5.7M | $5.6M | $5.6M | $6.4M | $3.2M | $3.2M | $3.2M | $3.2M | $3.1M | $3.1M |
| Retained earnings (deficit) | $9.35B | $7.45B | $5.94B | $9.00B | $7.81B | $6.43B | $5.02B | $3.91B | $2.93B | $2.11B |
| Treasury stock | — | — | — | — | −$5.83B | −$5.82B | −$5.22B | −$4.51B | −$3.17B | −$2.81B |
| Accumulated other comprehensive income | −$60.8M | −$269.5M | −$125.3M | −$159.1M | −$69.2M | $3.0M | −$32.4M | −$32.9M | −$16.7M | −$23.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $8.25B | $5.96B | $8.23B | $7.03B | $6.57B | $5.16B | $4.17B | $3.61B | $3.90B | $3.33B |
| Key figures | ||||||||||
| Total debt | — | $374.0M | $66.0M | $45.9M | $28.2M | $18.1M | $28.5M | $11.7M | $6.0M | — |
| Net cash (debt) | — | $1.16B | $3.19B | $2.62B | $3.05B | $2.04B | $1.30B | $946.5M | $1.20B | — |
| Working capital | $3.91B | $2.54B | $4.43B | $3.76B | $3.72B | $2.39B | $1.66B | $1.20B | $1.53B | $961.7M |
| Tangible book value | $5.54B | $3.21B | $5.38B | $4.39B | $4.16B | $2.77B | $1.79B | $1.23B | $1.53B | $965.4M |
| Book value per share | $4.19 | $2.94 | $3.89 | $3.29 | $3.07 | $2.41 | $1.91 | $1.60 | $1.69 | $1.39 |
| Shares outstanding | 1.97B | 2.03B | 2.12B | 2.13B | 2.14B | 2.14B | 2.19B | 2.26B | 2.31B | 2.40B |
| Current ratio | 3.70 | 3.32 | 4.81 | 4.76 | 4.85 | 4.19 | 3.50 | 3.00 | 3.72 | 3.04 |
| Quick ratio | 3.03 | 2.51 | 3.83 | 3.68 | 4.12 | 3.64 | 2.83 | 2.40 | 2.95 | 2.49 |
| Debt / equity | — | 0.06 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | — |
| Equity / assets | 82.6% | 77.2% | 85.0% | 84.7% | 84.1% | 83.2% | 81.0% | 79.8% | 81.3% | 80.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.42B | $2.98B | $2.77B | $2.58B | $2.07B | $1.90B | $1.53B | $1.63B | $1.56B | $3.56B | $3.25B | $3.01B |
| Cash & equivalents | $2.19B | $2.04B | $2.09B | $2.29B | $1.93B | $1.90B | $1.53B | $1.63B | $1.56B | $2.58B | $2.30B | $1.77B |
| Short-term investments | $1.23B | $945.3M | $677.1M | $286.4M | $145.3M | — | $0 | $0 | $0 | $984.2M | $955.6M | $1.24B |
| Receivables | $1.90B | $1.88B | $1.62B | $1.60B | $1.52B | $1.36B | $1.22B | $1.29B | $1.36B | $1.37B | $1.19B | $1.23B |
| Inventory | $867.7M | $828.3M | $799.6M | $704.6M | $658.2M | $725.1M | $737.1M | $770.3M | $834.4M | $939.6M | $971.4M | $883.6M |
| Other current assets | $215.7M | $215.6M | $178.2M | $181.1M | $176.3M | $146.6M | $149.5M | $216.7M | $192.8M | $164.9M | $170.3M | $186.1M |
| Total current assets | $6.41B | $5.91B | $5.36B | $5.07B | $4.43B | $4.14B | $3.64B | $3.90B | $3.95B | $6.04B | $5.59B | $5.31B |
| Property, plant & equipment (net) | $1.10B | $1.07B | $1.08B | $1.11B | $1.09B | $1.12B | $1.10B | $1.06B | $961.0M | $923.3M | $890.8M | $731.2M |
| Goodwill & intangible assets | $2.71B | $2.71B | $2.71B | $2.75B | $2.75B | $2.75B | $2.75B | $2.86B | $2.85B | $2.85B | $2.85B | $2.88B |
| Long-term investments | $781.3M | $770.4M | $487.3M | $359.2M | $138.1M | $0 | $0 | $0 | $0 | $8.2M | $76.4M | $52.6M |
| Other non-current assets | $386.6M | $375.0M | $348.1M | $324.2M | $321.1M | $227.6M | $229.4M | $232.6M | $294.4M | $282.4M | $285.2M | $341.6M |
| Total assets | $11.38B | $10.84B | $9.99B | $9.61B | $8.73B | $8.23B | $7.72B | $8.05B | $8.06B | $10.10B | $9.69B | $9.31B |
| Liabilities | ||||||||||||
| Accounts payable | $753.8M | $783.9M | $566.0M | $683.0M | $489.0M | $487.0M | $466.8M | $549.0M | $511.1M | $533.7M | $564.4M | $539.9M |
| Short-term debt | — | — | — | — | $19.8M | — | — | $92.0M | $13.3M | $15.4M | $17.5M | $16.4M |
| Deferred revenue | $47.7M | $46.4M | $45.3M | $47.2M | $49.3M | $47.5M | $45.8M | $45.6M | $44.4M | $43.8M | $41.9M | $40.1M |
| Total current liabilities | $1.72B | $1.82B | $1.45B | $1.59B | $1.26B | $1.23B | $1.10B | $1.25B | $1.16B | $1.23B | $1.16B | $1.18B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $199.1M | $374.0M | $748.8M | $748.7M | $0 | $0 | $0 |
| Other long-term liabilities | $300.6M | $301.4M | $287.1M | $275.7M | $280.0M | $283.2M | $289.9M | $279.9M | $285.3M | $291.4M | $296.1M | $262.4M |
| Total liabilities | $2.02B | $2.12B | $1.73B | $1.87B | $1.54B | $1.71B | $1.76B | $2.27B | $2.19B | $1.52B | $1.46B | $1.44B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5.7M | $5.7M | $5.7M | $5.7M | $5.7M | $5.6M | $5.6M | $5.6M | $5.6M | $5.6M | $5.6M | $5.6M |
| Retained earnings (deficit) | $10.51B | $9.92B | $9.35B | $8.91B | $8.38B | $7.89B | $7.45B | $7.18B | $6.81B | $6.38B | $5.94B | $5.57B |
| Accumulated other comprehensive income | −$112.8M | −$205.1M | −$60.8M | −$93.4M | −$91.3M | −$202.9M | −$269.5M | −$137.8M | −$182.3M | −$157.9M | −$125.3M | −$198.0M |
| Total shareholders' equity | $9.36B | $8.73B | $8.25B | $7.75B | $7.19B | $6.52B | $5.96B | $5.78B | $5.87B | $8.58B | $8.23B | $7.87B |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | $65.5M | $199.1M | $374.0M | $748.8M | $748.7M | $61.9M | $66.0M | $54.5M |
| Net cash (debt) | — | — | — | — | $2.01B | $1.70B | $1.16B | $876.5M | $816.0M | $3.50B | $3.19B | $2.96B |
| Working capital | $4.69B | $4.10B | $3.91B | $3.48B | $3.17B | $2.91B | $2.54B | $2.65B | $2.79B | $4.81B | $4.43B | $4.13B |
| Tangible book value | $6.65B | $6.02B | $5.54B | $4.99B | $4.44B | $3.77B | $3.21B | $2.92B | $3.02B | $5.73B | $5.38B | $5.00B |
| Book value per share | $4.74 | $4.42 | $4.18 | $3.93 | $3.65 | $3.32 | $3.04 | $2.94 | $2.83 | $4.08 | $3.91 | $3.71 |
| Shares outstanding | 1.98B | 1.98B | 1.97B | 1.97B | 1.97B | 1.96B | 1.96B | 1.97B | 2.07B | 2.10B | 2.11B | 2.12B |
| Current ratio | 3.73 | 3.26 | 3.70 | 3.19 | 3.52 | 3.37 | 3.32 | 3.13 | 3.41 | 4.91 | 4.81 | 4.51 |
| Quick ratio | 3.10 | 2.68 | 3.03 | 2.63 | 2.86 | 2.66 | 2.51 | 2.34 | 2.52 | 4.01 | 3.83 | 3.60 |
| Debt / equity | — | — | — | — | 0.01 | 0.03 | 0.06 | 0.13 | 0.13 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 82.3% | 80.5% | 82.6% | 80.6% | 82.4% | 79.2% | 77.2% | 71.8% | 72.8% | 84.9% | 85.0% | 84.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
MNST financial position
At the end of fiscal 2025 (December 31, 2025), Monster Beverage had total assets of $10.0 billion (up 29.4% from a year earlier), total liabilities of $1.7 billion and shareholders' equity of $8.3 billion. Its current ratio was 3.70. In the latest quarter (ended June 30, 2026) total assets were $11.4 billion and equity $9.4 billion.
Related: MNST income statement, MNST cash flow statement, MNST key metrics. See the MNST stock overview for the latest quote and news.
MNST balance sheet FAQ
What are Monster Beverage's total assets?
Monster Beverage reported total assets of $10.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.7 billion a year earlier.
How much cash does Monster Beverage have?
Monster Beverage held $2.8 billion in cash and short-term investments at the end of fiscal 2025.
What is Monster Beverage's book value?
Monster Beverage's shareholders' equity (book value) was $8.3 billion at the end of fiscal 2025, or $4.19 per share.
What is Monster Beverage's current ratio?
Monster Beverage had current assets of $5.4 billion and current liabilities of $1.4 billion, a current ratio of 3.70 (it can cover its short-term obligations).
How much goodwill does Monster Beverage have?
Monster Beverage carried $2.7 billion of goodwill and intangible assets, 27.1% of total assets, at the end of fiscal 2025.