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
The liquidity profile of the entity exhibits significant volatility over the period from 2005 to 2021, characterized by an initial period of stability, a substantial surge in liquidity, and a subsequent long-term decline.
- Liquidity Expansion (2008–2013)
- A period of rapid liquidity growth occurred between 2008 and 2013. The current ratio rose sharply from 1.20 in 2007 to a peak of 3.90 in 2013. This trend was primarily driven by a significant increase in current assets, which expanded from approximately 1.96 billion in 2007 to 6.88 billion in 2013, while current liabilities remained relatively contained during the peak years of 2010 and 2012.
- Liquidity Contraction (2014–2021)
- Following the 2013 peak, a consistent downward trend in the current ratio is observed. The ratio declined from 3.35 in 2014 to 1.11 by December 31, 2021. This contraction reflects a tightening of the entity's short-term financial position, with the ratio returning to levels similar to those seen in the 2005–2007 period.
- Asset and Liability Dynamics
- The erosion of the current ratio in the latter part of the sequence is attributable to diverging trends between assets and liabilities. Current assets peaked in 2013 and generally trended lower, reaching 3.06 billion in 2016 before a partial recovery to 5.33 billion in 2021. Concurrently, current liabilities saw a substantial increase toward the end of the period, rising from 1.60 billion in 2014 to 4.79 billion in 2021, which significantly compressed the liquidity margin.
- Overall Liquidity Position
- The analysis indicates a transition from a highly liquid state in the early 2010s to a more constrained position by 2021. The current ratio of 1.11 at the end of the period suggests that short-term obligations are covered by current assets by a narrow margin, representing a marked shift from the surplus liquidity maintained between 2009 and 2017.
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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).