The Mosaic Company (MOS)
Debt-to-equity 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-equity ratio | 0.27 | 0.28 | 0.27 | 0.28 | 0.28 | 0.34 | 0.34 | 0.34 | 0.38 | 0.38 | 0.43 | 0.46 | 0.48 | 0.54 | 0.54 | 0.55 | 0.50 | 0.45 | 0.44 | 0.43 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,361,700K ÷ $12,290,200K
= 0.27
The debt-to-equity ratio of Mosaic Company has shown consistent fluctuations over the past eight quarters. In Q1 2022, the ratio stood at 0.38, indicating higher debt relative to equity. Subsequently, there was a downward trend in the ratio for the next three quarters, reaching its lowest point at 0.29 in Q2 2023. This suggests a decrease in the company's reliance on debt financing during this period. However, in Q4 2023, the ratio slightly increased to 0.31, indicating a slight uptick in debt compared to equity.
Overall, the company's debt-to-equity ratio has fluctuated within a relatively narrow range between 0.29 and 0.38, signaling a balanced capital structure with a mix of debt and equity financing. It is important for investors and creditors to monitor these trends to assess the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2023