The Mosaic Company (MOS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,361,700 | 3,397,200 | 3,978,800 | 4,578,000 | 4,572,700 |
| Total assets | US$ in thousands | 23,032,800 | 23,386,000 | 22,036,400 | 19,789,800 | 19,298,500 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.18 | 0.23 | 0.24 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,361,700K ÷ $23,032,800K
= 0.15
The debt-to-assets ratio of Mosaic Company has shown a decreasing trend over the past five years, indicating an improvement in the company's financial leverage. The ratio decreased from 0.24 in 2019 to 0.16 in 2023. This suggests that Mosaic Company has been successful in reducing its level of debt relative to its total assets over the years.
A lower debt-to-assets ratio signifies that the company relies less on debt financing and has a higher proportion of assets financed through equity. This can indicate a stronger financial position and lower financial risk for the company.
Overall, the decreasing trend in Mosaic Company's debt-to-assets ratio reflects positive financial management and a potentially healthier balance sheet. It indicates that the company has been effectively managing its debt levels and maintaining a more sustainable capital structure.
Peer comparison
Dec 31, 2023