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