The Mosaic Company (MOS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 12,290,200 | 12,054,600 | 10,604,100 | 9,581,400 | 9,185,500 |
| Debt-to-capital ratio | 0.21 | 0.22 | 0.27 | 0.32 | 0.33 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,361,700K ÷ ($3,361,700K + $12,290,200K)
= 0.21
The debt-to-capital ratio of Mosaic Company has shown a decreasing trend over the past five years, indicating a decreasing reliance on debt to finance its operations and investments. The ratio has decreased from 0.33 in 2019 to 0.23 in 2023. This suggests that Mosaic Company has been able to lower its debt levels in relation to its total capital, which could potentially reduce financial risk and improve overall financial stability. The consistent decrease in the debt-to-capital ratio reflects positively on the company's financial health and its ability to manage its debt obligations effectively.
Peer comparison
Dec 31, 2023