The Mosaic Company (MOS)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | 1,113,300 | 1,031,600 | 1,285,500 | 1,212,600 | 1,269,200 | 1,399,200 | 1,222,200 | 1,426,300 | 1,699,900 | 1,899,800 | 2,251,900 | 1,530,100 | 1,531,900 | 1,081,500 | 930,500 | 851,600 | 881,100 | 794,600 | 689,600 | 723,000 |
| 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 |
| Quick ratio | 0.33 | 0.32 | 0.39 | 0.39 | 0.42 | 0.42 | 0.38 | 0.37 | 0.44 | 0.51 | 0.55 | 0.48 | 0.48 | 0.74 | 0.73 | 0.66 | 0.68 | 0.84 | 0.57 | 0.55 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($272,800K
+ $—K
+ $1,113,300K)
÷ $4,171,300K
= 0.33
The quick ratio of The Mosaic Company has shown fluctuation over the years, ranging from a low of 0.32 to a high of 0.84. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities if they were all due at once.
From the data provided, the quick ratio has generally been below 1, which suggests that The Mosaic Company may have had challenges in meeting its short-term obligations with its current liquid assets alone. The decreasing trend observed in the quick ratio from March 31, 2023, to December 31, 2024, may indicate a worsening liquidity position over this period.
It is important for investors and stakeholders to monitor the company's quick ratio over time to assess its ability to manage short-term financial obligations effectively. A quick ratio that consistently remains below 1 may raise concerns about the company's liquidity and ability to handle unforeseen financial pressures.
Peer comparison
Dec 31, 2024