Stock Analysis on Net

Mosaic Co. (NYSE:MOS)

This company has been moved to the archive! The financial data has not been updated since August 2, 2022.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Mosaic Co., solvency ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Debt Ratios
Debt to equity 0.47 0.54 0.58 0.49 0.58
Debt to equity (including operating lease liability) 0.49 0.56 0.60 0.49 0.58
Debt to capital 0.32 0.35 0.37 0.33 0.37
Debt to capital (including operating lease liability) 0.33 0.36 0.38 0.33 0.37
Debt to assets 0.23 0.26 0.28 0.25 0.30
Debt to assets (including operating lease liability) 0.23 0.27 0.29 0.25 0.30
Financial leverage 2.08 2.07 2.10 1.94 1.94
Coverage Ratios
Interest coverage 12.49 1.41 -5.09 3.53 3.28
Fixed charge coverage 6.50 1.20 -1.83 2.13 2.37

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Mosaic Co. debt to equity ratio improved from 2019 to 2020 and from 2020 to 2021.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Mosaic Co. debt to equity ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Mosaic Co. debt to capital ratio improved from 2019 to 2020 and from 2020 to 2021.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Mosaic Co. debt to capital ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Mosaic Co. debt to assets ratio improved from 2019 to 2020 and from 2020 to 2021.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Mosaic Co. debt to assets ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Mosaic Co. financial leverage ratio decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Mosaic Co. interest coverage ratio improved from 2019 to 2020 and from 2020 to 2021.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Mosaic Co. fixed charge coverage ratio improved from 2019 to 2020 and from 2020 to 2021.

Debt to Equity

Mosaic Co., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Short-term debt 302,800 100 41,600 11,500 6,100
Current maturities of long-term debt 596,600 504,200 47,200 26,000 343,500
Structured accounts payable arrangements 743,700 640,000 740,600 572,800 386,200
Long-term debt, less current maturities 3,382,200 4,073,800 4,525,500 4,491,500 4,878,100
Total debt 5,025,300 5,218,100 5,354,900 5,101,800 5,613,900
 
Total Mosaic stockholders’ equity 10,604,100 9,581,400 9,185,500 10,397,300 9,617,500
Solvency Ratio
Debt to equity1 0.47 0.54 0.58 0.49 0.58
Benchmarks
Debt to Equity, Competitors2
Linde plc 0.33 0.34 0.28
Debt to Equity, Industry
Materials 0.41 0.45 0.41

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
Debt to equity = Total debt ÷ Total Mosaic stockholders’ equity
= 5,025,300 ÷ 10,604,100 = 0.47

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Mosaic Co. debt to equity ratio improved from 2019 to 2020 and from 2020 to 2021.

Debt to Equity (including Operating Lease Liability)

Mosaic Co., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Short-term debt 302,800 100 41,600 11,500 6,100
Current maturities of long-term debt 596,600 504,200 47,200 26,000 343,500
Structured accounts payable arrangements 743,700 640,000 740,600 572,800 386,200
Long-term debt, less current maturities 3,382,200 4,073,800 4,525,500 4,491,500 4,878,100
Total debt 5,025,300 5,218,100 5,354,900 5,101,800 5,613,900
Short-term operating lease obligation 59,700 64,000 67,100
Long-term operating lease obligation 64,300 109,600 127,000
Total debt (including operating lease liability) 5,149,300 5,391,700 5,549,000 5,101,800 5,613,900
 
Total Mosaic stockholders’ equity 10,604,100 9,581,400 9,185,500 10,397,300 9,617,500
Solvency Ratio
Debt to equity (including operating lease liability)1 0.49 0.56 0.60 0.49 0.58
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Linde plc 0.35 0.36 0.30
Debt to Equity (including Operating Lease Liability), Industry
Materials 0.43 0.47 0.43

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
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Mosaic stockholders’ equity
= 5,149,300 ÷ 10,604,100 = 0.49

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Mosaic Co. debt to equity ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021.

Debt to Capital

Mosaic Co., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Short-term debt 302,800 100 41,600 11,500 6,100
Current maturities of long-term debt 596,600 504,200 47,200 26,000 343,500
Structured accounts payable arrangements 743,700 640,000 740,600 572,800 386,200
Long-term debt, less current maturities 3,382,200 4,073,800 4,525,500 4,491,500 4,878,100
Total debt 5,025,300 5,218,100 5,354,900 5,101,800 5,613,900
Total Mosaic stockholders’ equity 10,604,100 9,581,400 9,185,500 10,397,300 9,617,500
Total capital 15,629,400 14,799,500 14,540,400 15,499,100 15,231,400
Solvency Ratio
Debt to capital1 0.32 0.35 0.37 0.33 0.37
Benchmarks
Debt to Capital, Competitors2
Linde plc 0.25 0.26 0.22
Debt to Capital, Industry
Materials 0.29 0.31 0.29

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
Debt to capital = Total debt ÷ Total capital
= 5,025,300 ÷ 15,629,400 = 0.32

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Mosaic Co. debt to capital ratio improved from 2019 to 2020 and from 2020 to 2021.

Debt to Capital (including Operating Lease Liability)

Mosaic Co., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Short-term debt 302,800 100 41,600 11,500 6,100
Current maturities of long-term debt 596,600 504,200 47,200 26,000 343,500
Structured accounts payable arrangements 743,700 640,000 740,600 572,800 386,200
Long-term debt, less current maturities 3,382,200 4,073,800 4,525,500 4,491,500 4,878,100
Total debt 5,025,300 5,218,100 5,354,900 5,101,800 5,613,900
Short-term operating lease obligation 59,700 64,000 67,100
Long-term operating lease obligation 64,300 109,600 127,000
Total debt (including operating lease liability) 5,149,300 5,391,700 5,549,000 5,101,800 5,613,900
Total Mosaic stockholders’ equity 10,604,100 9,581,400 9,185,500 10,397,300 9,617,500
Total capital (including operating lease liability) 15,753,400 14,973,100 14,734,500 15,499,100 15,231,400
Solvency Ratio
Debt to capital (including operating lease liability)1 0.33 0.36 0.38 0.33 0.37
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Linde plc 0.26 0.27 0.23
Debt to Capital (including Operating Lease Liability), Industry
Materials 0.30 0.32 0.30

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
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 5,149,300 ÷ 15,753,400 = 0.33

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Mosaic Co. debt to capital ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021.

Debt to Assets

Mosaic Co., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Short-term debt 302,800 100 41,600 11,500 6,100
Current maturities of long-term debt 596,600 504,200 47,200 26,000 343,500
Structured accounts payable arrangements 743,700 640,000 740,600 572,800 386,200
Long-term debt, less current maturities 3,382,200 4,073,800 4,525,500 4,491,500 4,878,100
Total debt 5,025,300 5,218,100 5,354,900 5,101,800 5,613,900
 
Total assets 22,036,400 19,789,800 19,298,500 20,119,200 18,633,400
Solvency Ratio
Debt to assets1 0.23 0.26 0.28 0.25 0.30
Benchmarks
Debt to Assets, Competitors2
Linde plc 0.18 0.18 0.16
Debt to Assets, Industry
Materials 0.18 0.20 0.19

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
Debt to assets = Total debt ÷ Total assets
= 5,025,300 ÷ 22,036,400 = 0.23

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Mosaic Co. debt to assets ratio improved from 2019 to 2020 and from 2020 to 2021.

Debt to Assets (including Operating Lease Liability)

Mosaic Co., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Short-term debt 302,800 100 41,600 11,500 6,100
Current maturities of long-term debt 596,600 504,200 47,200 26,000 343,500
Structured accounts payable arrangements 743,700 640,000 740,600 572,800 386,200
Long-term debt, less current maturities 3,382,200 4,073,800 4,525,500 4,491,500 4,878,100
Total debt 5,025,300 5,218,100 5,354,900 5,101,800 5,613,900
Short-term operating lease obligation 59,700 64,000 67,100
Long-term operating lease obligation 64,300 109,600 127,000
Total debt (including operating lease liability) 5,149,300 5,391,700 5,549,000 5,101,800 5,613,900
 
Total assets 22,036,400 19,789,800 19,298,500 20,119,200 18,633,400
Solvency Ratio
Debt to assets (including operating lease liability)1 0.23 0.27 0.29 0.25 0.30
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Linde plc 0.19 0.20 0.17
Debt to Assets (including Operating Lease Liability), Industry
Materials 0.19 0.21 0.20

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
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 5,149,300 ÷ 22,036,400 = 0.23

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Mosaic Co. debt to assets ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021.

Financial Leverage

Mosaic Co., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Total assets 22,036,400 19,789,800 19,298,500 20,119,200 18,633,400
Total Mosaic stockholders’ equity 10,604,100 9,581,400 9,185,500 10,397,300 9,617,500
Solvency Ratio
Financial leverage1 2.08 2.07 2.10 1.94 1.94
Benchmarks
Financial Leverage, Competitors2
Linde plc 1.85 1.86 1.76
Financial Leverage, Industry
Materials 2.23 2.27 2.18

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
Financial leverage = Total assets ÷ Total Mosaic stockholders’ equity
= 22,036,400 ÷ 10,604,100 = 2.08

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Mosaic Co. financial leverage ratio decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.

Interest Coverage

Mosaic Co., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net earnings (loss) attributable to Mosaic 1,630,600 666,100 (1,067,400) 470,000 (107,200)
Add: Net income attributable to noncontrolling interest 4,300 (500) (23,400) (100) 3,000
Add: Income tax expense 597,700 (578,500) (224,700) 77,100 494,900
Add: Interest expense 194,300 214,100 216,000 215,800 171,300
Earnings before interest and tax (EBIT) 2,426,900 301,200 (1,099,500) 762,800 562,000
Solvency Ratio
Interest coverage1 12.49 1.41 -5.09 3.53 3.28
Benchmarks
Interest Coverage, Competitors2
Linde plc 45.60 21.41 21.27
Interest Coverage, Industry
Materials 18.92 7.87 5.36

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
Interest coverage = EBIT ÷ Interest expense
= 2,426,900 ÷ 194,300 = 12.49

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Mosaic Co. interest coverage ratio improved from 2019 to 2020 and from 2020 to 2021.

Fixed Charge Coverage

Mosaic Co., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net earnings (loss) attributable to Mosaic 1,630,600 666,100 (1,067,400) 470,000 (107,200)
Add: Net income attributable to noncontrolling interest 4,300 (500) (23,400) (100) 3,000
Add: Income tax expense 597,700 (578,500) (224,700) 77,100 494,900
Add: Interest expense 194,300 214,100 216,000 215,800 171,300
Earnings before interest and tax (EBIT) 2,426,900 301,200 (1,099,500) 762,800 562,000
Add: Rental expense 211,800 226,900 249,100 270,300 114,000
Earnings before fixed charges and tax 2,638,700 528,100 (850,400) 1,033,100 676,000
 
Interest expense 194,300 214,100 216,000 215,800 171,300
Rental expense 211,800 226,900 249,100 270,300 114,000
Fixed charges 406,100 441,000 465,100 486,100 285,300
Solvency Ratio
Fixed charge coverage1 6.50 1.20 -1.83 2.13 2.37
Benchmarks
Fixed Charge Coverage, Competitors2
Linde plc 13.02 7.79 6.92
Fixed Charge Coverage, Industry
Materials 12.30 5.31 3.65

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
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 2,638,700 ÷ 406,100 = 6.50

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Mosaic Co. fixed charge coverage ratio improved from 2019 to 2020 and from 2020 to 2021.