The Mosaic Company (MOS)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 348,800 | 591,000 | 626,100 | 464,800 | 735,400 | 702,800 | 839,100 | 881,900 | 769,500 | 842,800 | 1,417,600 | 692,000 | 574,000 | 923,000 | 1,073,300 | 1,069,200 | 519,100 | 641,100 | 401,900 | 384,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 671,000 | 668,000 | 673,000 | 673,000 | 683,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,873,700 | 4,696,300 | 4,839,400 | 5,167,600 | 5,533,800 | 5,130,300 | 5,632,000 | 5,051,700 | 4,787,400 | 3,494,500 | 4,137,900 | 3,355,000 | 3,146,500 | 2,865,700 | 3,112,900 | 3,269,000 | 2,591,700 | 2,724,500 | 2,526,900 | 2,397,200 |
| Cash ratio | 0.09 | 0.13 | 0.13 | 0.09 | 0.13 | 0.14 | 0.15 | 0.17 | 0.16 | 0.43 | 0.50 | 0.41 | 0.40 | 0.56 | 0.34 | 0.33 | 0.20 | 0.24 | 0.16 | 0.16 |
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 for Mosaic Company has been relatively stable over the past eight quarters, ranging from 0.15 to 0.23. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In this case, Mosaic Company's cash ratio has mostly hovered around 0.20, which suggests that the company has generally been able to cover about 20% of its short-term liabilities with cash and cash equivalents. The slight fluctuations in the cash ratio over the quarters indicate some variations in the company's liquidity position, but overall, the ratio has remained within a reasonable range.
It is essential to consider other liquidity ratios and financial metrics in conjunction with the cash ratio to get a more comprehensive picture of Mosaic Company's liquidity and financial health.
Peer comparison
Dec 31, 2023