The Mosaic Company (MOS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,377,600 | 3,361,700 | 3,397,200 | 3,978,800 | 4,578,000 |
| Total assets | US$ in thousands | 22,924,000 | 23,032,800 | 23,386,000 | 22,036,400 | 19,789,800 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.15 | 0.18 | 0.23 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,377,600K ÷ $22,924,000K
= 0.15
The debt-to-assets ratio of The Mosaic Company has shown a declining trend over the past five years, from 0.23 in 2020 to 0.15 in 2022, 2023, and 2024. This indicates that the company has been successful in reducing its level of debt in relation to its total assets, which can be viewed positively as it suggests improved financial stability and reduced financial risk. The decreasing trend in the debt-to-assets ratio may indicate that The Mosaic Company has been effectively managing its debt levels and maintaining a strong asset base relative to its debt obligations. The declining ratio suggests that the company is less reliant on debt financing and may have more financial flexibility to pursue growth opportunities or withstand economic downturns.
Peer comparison
Dec 31, 2024