The Mosaic Company (MOS)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 348,800 | 735,400 | 769,500 | 574,000 | 519,100 |
| Short-term investments | US$ in thousands | — | — | — | 673,000 | — |
| Total current liabilities | US$ in thousands | 3,873,700 | 5,533,800 | 4,787,400 | 3,146,500 | 2,591,700 |
| Cash ratio | 0.09 | 0.13 | 0.16 | 0.40 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($348,800K
+ $—K)
÷ $3,873,700K
= 0.09
The cash ratio of Mosaic Company has shown a decreasing trend over the past five years, from 0.25 in 2019 to 0.18 in 2023. This indicates that the company's ability to cover its short-term liabilities with cash and cash equivalents has slightly weakened over this period. While a declining trend in the cash ratio may raise concerns about the company's liquidity position, it is important to consider other liquidity ratios and factors in conjunction with the cash ratio to get a more comprehensive view of the company's financial health.
Peer comparison
Dec 31, 2023