The Mosaic Company (MOS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,745,000 | 5,156,800 | 5,711,700 | 5,853,400 | 6,556,600 | 6,899,700 | 7,298,700 | 6,225,400 | 5,325,300 | 4,599,100 | 4,987,600 | 3,727,300 | 3,521,200 | 3,748,800 | 4,055,600 | 4,221,100 | 3,718,200 | 4,125,300 | 4,228,800 | 4,146,300 |
| 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 |
| Current ratio | 1.22 | 1.10 | 1.18 | 1.13 | 1.18 | 1.34 | 1.30 | 1.23 | 1.11 | 1.32 | 1.21 | 1.11 | 1.12 | 1.31 | 1.30 | 1.29 | 1.43 | 1.51 | 1.67 | 1.73 |
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 variability over the past eight quarters, ranging from a low of 1.10 in Q3 2023 to a high of 1.34 in Q3 2022. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of liquidity.
The current ratio has generally been above 1, indicating that Mosaic Company has had sufficient current assets to cover its short-term obligations. However, the downward trend from Q3 2022 to Q3 2023 may raise some concerns about the company's ability to meet its short-term liabilities.
Overall, while the current ratio of Mosaic Company has fluctuated, it has remained above 1 in all reported quarters, suggesting that the company has generally maintained a strong liquidity position.
Peer comparison
Dec 31, 2023