The Mosaic Company (MOS)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 23,032,800 | 23,386,000 | 22,036,400 | 19,789,800 | 19,298,500 |
| Total stockholders’ equity | US$ in thousands | 12,290,200 | 12,054,600 | 10,604,100 | 9,581,400 | 9,185,500 |
| Financial leverage ratio | 1.87 | 1.94 | 2.08 | 2.07 | 2.10 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $23,032,800K ÷ $12,290,200K
= 1.87
The financial leverage ratio of Mosaic Company has been trending downwards over the past five years. The ratio decreased from 2.10 in 2019 to 1.87 in 2023. This indicates that the company has been relying less on debt to finance its operations and growth. A lower financial leverage ratio suggests a lower level of financial risk as the company is using less debt to support its assets and operations. Overall, the declining trend in the financial leverage ratio for Mosaic Company could indicate a more conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2023
Company name
Symbol
Financial leverage ratio
The Mosaic Company
MOS
1.87
CF Industries Holdings Inc
CF
2.51
Scotts Miracle-Gro Company
SMG
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