The Mosaic Company (MOS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,745,000 | 6,556,600 | 5,325,300 | 3,521,200 | 3,718,200 |
| Total current liabilities | US$ in thousands | 3,873,700 | 5,533,800 | 4,787,400 | 3,146,500 | 2,591,700 |
| Current ratio | 1.22 | 1.18 | 1.11 | 1.12 | 1.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,745,000K ÷ $3,873,700K
= 1.22
The current ratio of Mosaic Company has shown some fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 1.22, indicating that the company has $1.22 in current assets for every $1 in current liabilities.
Compared to the previous year, there has been a slight improvement from 1.18 in 2022 to 1.22 in 2023. This suggests that Mosaic has strengthened its ability to meet its short-term obligations using its current assets.
However, when looking at the trend over the five-year period, there appears to be some variability in the current ratio, with fluctuations between 1.11 and 1.43. This could indicate changes in the company's liquidity position and its ability to cover short-term liabilities.
Overall, while the current ratio of Mosaic Company has improved in 2023, investors and stakeholders may want to monitor the trend over time to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023