The Mosaic Company (MOS)

Financial leverage ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total assets US$ in thousands 22,924,000 23,032,800 23,386,000 22,036,400 19,789,800
Total stockholders’ equity US$ in thousands 11,482,400 12,290,200 12,054,600 10,604,100 9,581,400
Financial leverage ratio 2.00 1.87 1.94 2.08 2.07

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $22,924,000K ÷ $11,482,400K
= 2.00

The financial leverage ratio of The Mosaic Company has shown some fluctuations over the years, standing at 2.07 as of December 31, 2020, and slightly increasing to 2.08 by the end of 2021. However, there was a significant decrease in the ratio to 1.94 as of December 31, 2022, indicating a reduced reliance on debt financing. This downward trend continued with the ratio further declining to 1.87 by the end of 2023, suggesting a stronger equity position compared to debt.

However, by December 31, 2024, the financial leverage ratio ticked up to 2.00, signaling a slight increase in leverage compared to the previous year. Overall, the company's financial leverage ratio has displayed variations over the years, with a recent uptick in leverage but a general trend towards a lower reliance on debt financing, which can be seen as a positive shift towards a more stable financial structure.


Peer comparison

Dec 31, 2024

Company name
Symbol
Financial leverage ratio
The Mosaic Company
MOS
2.00
CF Industries Holdings Inc
CF
2.51
Scotts Miracle-Gro Company
SMG

See also:

The Mosaic Company Financial Leverage