The Mosaic Company (MOS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,498,300 | 4,745,000 | 6,556,600 | 5,325,300 | 3,521,200 |
| Total current liabilities | US$ in thousands | 4,171,300 | 3,873,700 | 5,533,800 | 4,787,400 | 3,146,500 |
| Current ratio | 1.08 | 1.22 | 1.18 | 1.11 | 1.12 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,498,300K ÷ $4,171,300K
= 1.08
The current ratio of The Mosaic Company has shown some fluctuations over the past five years. In 2020, the company's current ratio was 1.12, indicating that it had $1.12 in current assets for every $1 in current liabilities. The ratio decreased slightly to 1.11 in 2021, implying a slight decrease in the company's ability to cover its short-term obligations.
However, there was an improvement in the current ratio in 2022, with the ratio increasing to 1.18, indicating a better ability to meet its short-term debt obligations. This improvement continued in 2023, with the current ratio reaching 1.22, suggesting a further strengthening of the company's liquidity position.
Unfortunately, in 2024, the current ratio declined to 1.08, signaling a decrease in the company's ability to cover its short-term liabilities. This could indicate potential liquidity challenges or an increase in short-term debt relative to current assets.
Overall, The Mosaic Company's current ratio has demonstrated some volatility over the past five years, with fluctuations indicating changes in the company's liquidity position and ability to meet its short-term obligations. Further analysis of the company's current assets and liabilities would be necessary to fully understand the factors contributing to these fluctuations.
Peer comparison
Dec 31, 2024