The Mosaic Company (MOS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 12,290,200 | 12,050,300 | 12,405,000 | 11,893,800 | 12,054,600 | 11,580,600 | 11,751,300 | 11,638,400 | 10,604,100 | 10,420,400 | 10,338,000 | 9,624,200 | 9,581,400 | 8,532,800 | 8,493,000 | 8,386,200 | 9,185,500 | 10,100,400 | 10,473,000 | 10,601,200 |
| Debt-to-capital ratio | 0.21 | 0.22 | 0.21 | 0.22 | 0.22 | 0.25 | 0.25 | 0.25 | 0.27 | 0.28 | 0.30 | 0.32 | 0.32 | 0.35 | 0.35 | 0.35 | 0.33 | 0.31 | 0.30 | 0.30 |
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 for Mosaic Company has been relatively stable over the past eight quarters, ranging from 0.23 to 0.28. The ratio indicates the proportion of the company's capital that is financed through debt. A lower ratio suggests that the company relies less on debt financing, which can be favorable for its financial health and stability. Mosaic Company has maintained a consistent level of debt relative to its capital structure, signaling a balanced approach to financing its operations. The slight fluctuations in the ratio could be due to changes in the company's borrowing activities or capital structure adjustments. Overall, the consistent debt-to-capital ratio suggests that Mosaic Company has managed its debt levels effectively over the period analyzed.
Peer comparison
Dec 31, 2023