The Mosaic Company (MOS)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,361,700 | 3,356,800 | 3,392,900 | 3,389,300 | 3,397,200 | 3,959,400 | 3,959,600 | 3,977,300 | 3,978,800 | 3,994,700 | 4,462,800 | 4,469,500 | 4,578,000 | 4,577,800 | 4,587,100 | 4,571,900 | 4,572,700 | 4,576,100 | 4,585,100 | 4,573,800 |
| Total assets | US$ in thousands | 23,032,800 | 22,654,400 | 23,140,200 | 22,857,500 | 23,386,000 | 23,437,600 | 23,985,600 | 23,423,100 | 22,036,400 | 21,081,500 | 21,473,500 | 19,902,100 | 19,789,800 | 18,851,600 | 19,020,600 | 18,975,500 | 19,298,500 | 20,440,100 | 20,643,900 | 20,445,300 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.17 | 0.17 | 0.17 | 0.18 | 0.19 | 0.21 | 0.22 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.22 | 0.22 | 0.22 |
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 been relatively consistent over the past eight quarters, fluctuating within a narrow range between 0.15 and 0.19. This indicates that Mosaic Company has maintained a stable level of leverage in relation to its assets during this time period. Generally, a lower debt-to-assets ratio is seen as favorable as it suggests a lower level of financial risk and a stronger financial position. Mosaic Company's debt-to-assets ratio falling in the lower end of the range (0.15 to 0.16) for the majority of the quarters indicates a conservative approach to debt management. However, the slight increase to 0.19 in Q1 2023 may warrant closer monitoring to ensure that the company's debt levels remain sustainable and in line with its overall financial strategy.
Peer comparison
Dec 31, 2023