The Mosaic Company (MOS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 11,482,400 | 12,290,200 | 12,054,600 | 10,604,100 | 9,581,400 |
| Debt-to-capital ratio | 0.23 | 0.21 | 0.22 | 0.27 | 0.32 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,377,600K ÷ ($3,377,600K + $11,482,400K)
= 0.23
The Debt-to-Capital ratio for The Mosaic Company has shown a decreasing trend over the past five years. As of December 31, 2020, the ratio was 0.32, indicating that 32% of the company's capital structure was funded by debt. By December 31, 2024, the ratio had decreased to 0.23, showing that only 23% of the company's capital was attributed to debt. This downward trajectory suggests that The Mosaic Company has been gradually reducing its reliance on debt financing in relation to its overall capital structure. It is worth noting that a lower debt-to-capital ratio generally signifies a stronger financial position and lower financial risk for the company.
Peer comparison
Dec 31, 2024