Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Mosaic Co., liquidity ratios
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.11 | 1.12 | 1.43 | 1.71 | 2.27 | |
| Quick ratio | 0.48 | 0.46 | 0.51 | 0.68 | 1.38 | |
| Cash ratio | 0.16 | 0.18 | 0.20 | 0.34 | 1.06 |
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Mosaic Co. current ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Mosaic Co. quick ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Mosaic Co. cash ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Current Ratio
Mosaic Co., current ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 5,325,300) | 3,521,200) | 3,718,200) | 4,237,000) | 4,616,500) | |
| Current liabilities | 4,787,400) | 3,146,500) | 2,591,700) | 2,483,700) | 2,031,100) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.11 | 1.12 | 1.43 | 1.71 | 2.27 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Linde plc | 0.74 | 0.80 | 0.85 | — | — | |
| Sherwin-Williams Co. | 0.88 | 1.00 | 1.02 | — | — | |
| Current Ratio, Sector | ||||||
| Chemicals | 0.79 | 0.85 | — | — | — | |
| Current Ratio, Industry | ||||||
| Materials | 1.19 | 1.14 | — | — | — | |
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).
1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,325,300 ÷ 4,787,400 = 1.11
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Mosaic Co. current ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Quick Ratio
Mosaic Co., quick ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 769,500) | 574,000) | 519,100) | 847,700) | 2,153,500) | |
| Receivables, net | 1,531,900) | 881,100) | 803,900) | 838,500) | 642,600) | |
| Total quick assets | 2,301,400) | 1,455,100) | 1,323,000) | 1,686,200) | 2,796,100) | |
| Current liabilities | 4,787,400) | 3,146,500) | 2,591,700) | 2,483,700) | 2,031,100) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.48 | 0.46 | 0.51 | 0.68 | 1.38 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Linde plc | 0.55 | 0.59 | 0.61 | — | — | |
| Sherwin-Williams Co. | 0.44 | 0.50 | 0.50 | — | — | |
| Quick Ratio, Sector | ||||||
| Chemicals | 0.52 | 0.57 | — | — | — | |
| Quick Ratio, Industry | ||||||
| Materials | 0.78 | 0.71 | — | — | — | |
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).
1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,301,400 ÷ 4,787,400 = 0.48
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Mosaic Co. quick ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Cash Ratio
Mosaic Co., cash ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 769,500) | 574,000) | 519,100) | 847,700) | 2,153,500) | |
| Total cash assets | 769,500) | 574,000) | 519,100) | 847,700) | 2,153,500) | |
| Current liabilities | 4,787,400) | 3,146,500) | 2,591,700) | 2,483,700) | 2,031,100) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.16 | 0.18 | 0.20 | 0.34 | 1.06 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Linde plc | 0.21 | 0.27 | 0.22 | — | — | |
| Sherwin-Williams Co. | 0.03 | 0.05 | 0.04 | — | — | |
| Cash Ratio, Sector | ||||||
| Chemicals | 0.15 | 0.22 | — | — | — | |
| Cash Ratio, Industry | ||||||
| Materials | 0.44 | 0.35 | — | — | — | |
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).
1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 769,500 ÷ 4,787,400 = 0.16
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Mosaic Co. cash ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |