The Mosaic Company (MOS)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 272,800 | 301,600 | 322,000 | 336,700 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 671,000 | 668,000 | 673,000 | 673,000 | 683,000 | — | — |
| Total current liabilities | US$ in thousands | 4,171,300 | 4,175,700 | 4,118,900 | 4,020,400 | 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 |
| Cash ratio | 0.07 | 0.07 | 0.08 | 0.08 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($272,800K
+ $—K)
÷ $4,171,300K
= 0.07
The cash ratio of The Mosaic Company measures its ability to cover its current liabilities with its cash and cash equivalents. The trend analysis of the cash ratio over the past few years shows some fluctuations.
From March 31, 2020, to June 30, 2021, the cash ratio improved steadily from 0.33 to 0.50, indicating a stronger position in terms of cash availability to meet short-term obligations. However, from September 30, 2021, to December 31, 2024, there was a general decline in the cash ratio, dropping to 0.07 by the end of December 31, 2024. This suggests a decrease in the company's ability to cover its short-term liabilities with cash on hand.
The decreasing trend in the cash ratio could indicate potential liquidity challenges for the company. It may be necessary for The Mosaic Company to closely monitor its cash management practices and working capital efficiency to ensure it can meet its financial obligations as they come due. Additionally, the company may need to consider strategies to improve its cash position, such as optimizing cash flow, managing capital expenditures, or revisiting its financing options.
Peer comparison
Dec 31, 2024