Current Ratio
since 2005
Calculation
Mosaic Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1.11 | = | 5,325,300) | ÷ | 4,787,400) |
| Dec 31, 2020 | 1.12 | = | 3,521,200) | ÷ | 3,146,500) |
| Dec 31, 2019 | 1.43 | = | 3,718,200) | ÷ | 2,591,700) |
| Dec 31, 2018 | 1.71 | = | 4,237,000) | ÷ | 2,483,700) |
| Dec 31, 2017 | 2.27 | = | 4,616,500) | ÷ | 2,031,100) |
| Dec 31, 2016 | 2.07 | = | 3,057,700) | ÷ | 1,476,800) |
| Dec 31, 2015 | 2.02 | = | 4,144,700) | ÷ | 2,048,300) |
| Dec 31, 2014 | 3.35 | = | 5,364,200) | ÷ | 1,600,400) |
| May 31, 2013 | 3.90 | = | 6,880,500) | ÷ | 1,764,900) |
| May 31, 2012 | 3.43 | = | 6,581,100) | ÷ | 1,917,700) |
| May 31, 2011 | 3.47 | = | 6,684,900) | ÷ | 1,928,500) |
| May 31, 2010 | 3.82 | = | 4,974,800) | ÷ | 1,303,900) |
| May 31, 2009 | 3.27 | = | 5,307,800) | ÷ | 1,621,800) |
| May 31, 2008 | 2.20 | = | 4,809,500) | ÷ | 2,186,100) |
| May 31, 2007 | 1.20 | = | 1,955,500) | ÷ | 1,629,700) |
| May 31, 2006 | 1.40 | = | 1,580,400) | ÷ | 1,126,100) |
| May 31, 2005 | 1.56 | = | 1,731,900) | ÷ | 1,107,300) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in thousands
- Current Assets
- Over the analyzed period, current assets exhibit significant fluctuations. From 2005 to 2007, there is a general upward trend, moving from approximately 1.73 billion to nearly 1.96 billion US dollars. This is followed by a notable surge in 2008 and 2009, reaching peaks above 5.3 billion US dollars. After peaking, current assets decline steadily and reach a low point around 3.06 billion US dollars by the end of 2016. Subsequently, a recovery is observed, with current assets climbing again to over 5.3 billion US dollars by the end of 2021.
- Current Liabilities
- Current liabilities show an initial increase from 1.11 billion US dollars in 2005 to a peak near 2.19 billion in 2008. After this, there is a period of relative stability with some fluctuations around 1.3 to 2.5 billion US dollars until 2017. From 2017 onward, current liabilities trend upwards sharply, culminating in a noticeable jump to approximately 4.79 billion US dollars by the end of 2021.
- Current Ratio
- The current ratio starts at 1.56 in 2005, declining slightly to 1.2 by 2007. A substantial improvement occurs from 2007 to 2010, with the ratio rising to a peak of 3.82 in 2010. Between 2010 and 2013, the ratio remains relatively high, fluctuating around values above 3. Post-2013, the current ratio exhibits a consistent decline, reaching levels close to 1.1 by the end of 2021. This suggests a decreasing margin of short-term liquidity and a tightening working capital position during the recent years.
Comparison to Competitors
Mosaic Co., current ratio, long-term trends, comparison to competitors
| Mosaic Co. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2021 | 1.11 | 0.74 | 0.88 |
| Dec 31, 2020 | 1.12 | 0.80 | 1.00 |
| Dec 31, 2019 | 1.43 | 0.85 | 1.02 |
| Dec 31, 2018 | 1.71 | 1.33 | 1.01 |
| Dec 31, 2017 | 2.27 | 0.99 | 1.12 |
| Dec 31, 2016 | 2.07 | 1.16 | 1.28 |
| Dec 31, 2015 | 2.02 | 1.39 | 1.24 |
| Dec 31, 2014 | 3.35 | 1.14 | 0.96 |
| May 31, 2013 | 3.90 | 1.09 | 1.25 |
| May 31, 2012 | 3.43 | 1.13 | 1.68 |
| May 31, 2011 | 3.47 | 1.03 | 1.05 |
| May 31, 2010 | 3.82 | 1.13 | 1.07 |
| May 31, 2009 | 3.27 | 1.23 | 1.27 |
| May 31, 2008 | 2.20 | 0.77 | 0.99 |
| May 31, 2007 | 1.20 | 0.91 | 0.97 |
| May 31, 2006 | 1.40 | 1.17 | 1.18 |
| May 31, 2005 | 1.56 | 1.07 | 1.22 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Chemicals)
Mosaic Co., current ratio, long-term trends, comparison to sector (chemicals)
| Mosaic Co. | Chemicals | |
|---|---|---|
| Dec 31, 2021 | 1.11 | 0.79 |
| Dec 31, 2020 | 1.12 | 0.85 |
| Dec 31, 2019 | 1.43 | 0.90 |
| Dec 31, 2018 | 1.71 | 1.25 |
| Dec 31, 2017 | 2.27 | 1.06 |
| Dec 31, 2016 | 2.07 | 1.23 |
| Dec 31, 2015 | 2.02 | 1.31 |
| Dec 31, 2014 | 3.35 | 1.05 |
| May 31, 2013 | 3.90 | 1.17 |
| May 31, 2012 | 3.43 | 1.36 |
| May 31, 2011 | 3.47 | 1.04 |
| May 31, 2010 | 3.82 | 1.10 |
| May 31, 2009 | 3.27 | 1.25 |
| May 31, 2008 | 2.20 | 0.86 |
| May 31, 2007 | 1.20 | 0.93 |
| May 31, 2006 | 1.40 | 1.18 |
| May 31, 2005 | 1.56 | 1.13 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Materials)
Mosaic Co., current ratio, long-term trends, comparison to industry (materials)
| Mosaic Co. | Materials | |
|---|---|---|
| Dec 31, 2021 | 1.11 | 1.19 |
| Dec 31, 2020 | 1.12 | 1.14 |
| Dec 31, 2019 | 1.43 | 1.15 |
| Dec 31, 2018 | 1.71 | 1.57 |
| Dec 31, 2017 | 2.27 | 1.50 |
| Dec 31, 2016 | 2.07 | 1.77 |
| Dec 31, 2015 | 2.02 | 1.53 |
| Dec 31, 2014 | 3.35 | 1.40 |
| May 31, 2013 | 3.90 | 1.61 |
| May 31, 2012 | 3.43 | 2.11 |
| May 31, 2011 | 3.47 | 1.95 |
| May 31, 2010 | 3.82 | 1.82 |
| May 31, 2009 | 3.27 | 1.84 |
| May 31, 2008 | 2.20 | 1.17 |
| May 31, 2007 | 1.20 | 1.20 |
| May 31, 2006 | 1.40 | 1.39 |
| May 31, 2005 | 1.56 | 1.23 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).