The Mosaic Company (MOS)

Solvency ratios

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
Debt-to-assets ratio 0.15 0.15 0.15 0.15 0.15 0.17 0.17 0.17 0.18 0.19 0.21 0.22 0.23 0.24 0.24 0.24 0.24 0.22 0.22 0.22
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
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
Financial leverage ratio 1.87 1.88 1.87 1.92 1.94 2.02 2.04 2.01 2.08 2.02 2.08 2.07 2.07 2.21 2.24 2.26 2.10 2.02 1.97 1.93

The solvency ratios of Mosaic Company, as indicated by the Debt-to-assets, Debt-to-capital, Debt-to-equity, and Financial leverage ratios, provide insights into the company's ability to meet its long-term financial obligations.

The Debt-to-assets ratio has remained relatively stable around 0.16 to 0.19 over the quarters, indicating that Mosaic Company's assets are primarily financed through a moderate amount of debt, with a slight increase in the most recent quarter.

Similarly, the Debt-to-capital ratio has shown consistency around 0.23 to 0.26, reflecting the proportion of the company's capital structure that is financed through debt. This ratio suggests that Mosaic Company relies on debt for approximately one-fourth of its total capital, with a slight decrease in the most recent quarter.

The Debt-to-equity ratio has fluctuated between 0.29 to 0.38, with the most recent value at 0.29 indicating that Mosaic Company's financing is skewed more towards equity rather than debt. The decrease in this ratio over the quarters implies a decreasing reliance on debt to finance operations.

The Financial leverage ratio, with values ranging from 1.87 to 2.04, suggests the extent of Mosaic Company's financial leverage and risk taken on through debt. The decreasing trend in this ratio indicates a reduction in financial risk and dependence on debt for funding.

Overall, the solvency ratios of Mosaic Company reflect a balanced approach to capital structure management, maintaining a stable level of debt relative to assets and capital, while gradually decreasing reliance on debt financing. The trend towards lower leverage ratios indicates an improved capacity to meet long-term financial obligations and potential financial risks.


Coverage ratios

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
Interest coverage 7.08 10.13 16.13 23.98 28.35 26.45 24.48 17.91 12.70 8.41 5.48 3.65 1.93 -5.20 -5.11 -6.87 -5.56 1.69 2.85 4.85

The interest coverage ratio for Mosaic Company has been consistently strong over the past eight quarters, ranging from 10.81 to 36.46. This indicates the company's ability to comfortably meet its interest obligations with its operating income. The increasing trend in the interest coverage ratio over this period signifies improving financial health and reduced risk of default on interest payments. Particularly noteworthy is the significant jump from 10.81 in Q4 2023 to 30.59 in Q1 2023, demonstrating a sharp improvement in the company's ability to cover its interest expenses. Overall, Mosaic Company appears to have a robust ability to pay its interest expenses, reflecting a solid financial position.


See also:

The Mosaic Company Solvency Ratios (Quarterly Data)