Monsanto Co.、合併資產負債表結構：負債和股東權益（季度數據）
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2018年2月28日 |
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2017年11月30日 |
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2017年8月31日 |
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2017年5月31日 |
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2017年2月28日 |
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2016年11月30日 |
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2016年8月31日 |
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2016年5月31日 |
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2016年2月29日 |
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2015年11月30日 |
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2015年8月31日 |
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2015年5月31日 |
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2015年2月28日 |
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2014年11月30日 |
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2014年8月31日 |
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2014年5月31日 |
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2014年2月28日 |
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2013年11月30日 |
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2013年8月31日 |
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2013年5月31日 |
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2013年2月28日 |
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2012年11月30日 |
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2012年8月31日 |
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2012年5月31日 |
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2012年2月29日 |
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2011年11月30日 |
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短期債務，包括長期債務的流動部分 |
5.34% | |
5.05% | |
4.08% | |
12.00% | |
7.54% | |
2.72% | |
8.04% | |
12.58% | |
5.58% | |
8.34% | |
2.81% | |
2.64% | |
1.54% | |
2.72% | |
1.06% | |
0.70% | |
0.44% | |
1.09% | |
0.25% | |
0.78% | |
0.69% | |
0.12% | |
0.18% | |
3.17% | |
2.94% | |
2.56% | |
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|
應付帳款 |
3.86% | |
5.16% | |
5.01% | |
3.46% | |
3.67% | |
5.12% | |
5.10% | |
3.05% | |
3.27% | |
3.81% | |
3.81% | |
3.08% | |
3.50% | |
3.87% | |
5.05% | |
3.35% | |
3.61% | |
3.54% | |
4.82% | |
3.44% | |
3.40% | |
3.48% | |
3.93% | |
2.92% | |
3.29% | |
3.60% | |
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|
應交所得稅 |
0.88% | |
0.18% | |
0.27% | |
1.12% | |
1.44% | |
0.62% | |
0.21% | |
0.85% | |
1.41% | |
0.21% | |
1.07% | |
1.55% | |
2.35% | |
0.27% | |
0.45% | |
1.72% | |
2.69% | |
0.42% | |
0.44% | |
1.83% | |
1.95% | |
0.30% | |
0.37% | |
2.20% | |
2.79% | |
0.81% | |
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|
應計薪酬和福利 |
1.15% | |
1.16% | |
2.71% | |
1.68% | |
1.24% | |
1.01% | |
1.21% | |
0.99% | |
0.98% | |
0.99% | |
1.39% | |
1.09% | |
1.08% | |
1.07% | |
2.27% | |
1.75% | |
1.42% | |
1.17% | |
2.38% | |
1.88% | |
1.68% | |
1.36% | |
2.70% | |
2.35% | |
1.48% | |
1.28% | |
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應計營銷計劃 |
7.73% | |
5.16% | |
8.99% | |
6.69% | |
7.31% | |
4.95% | |
8.36% | |
5.38% | |
6.28% | |
3.64% | |
6.81% | |
4.21% | |
5.64% | |
4.07% | |
6.34% | |
4.03% | |
4.34% | |
3.14% | |
5.22% | |
3.52% | |
4.62% | |
3.15% | |
6.33% | |
3.89% | |
4.86% | |
3.69% | |
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|
遞延收入 |
7.43% | |
13.48% | |
3.41% | |
2.50% | |
6.58% | |
13.87% | |
2.88% | |
2.04% | |
5.98% | |
14.67% | |
1.69% | |
1.73% | |
4.65% | |
10.82% | |
1.99% | |
1.40% | |
3.68% | |
11.90% | |
2.50% | |
1.49% | |
3.42% | |
12.61% | |
1.96% | |
1.85% | |
4.09% | |
9.78% | |
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種植者產量應計專案 |
0.83% | |
1.86% | |
0.28% | |
0.31% | |
0.92% | |
2.05% | |
0.24% | |
0.30% | |
1.01% | |
1.55% | |
0.18% | |
0.22% | |
0.88% | |
2.20% | |
0.25% | |
0.24% | |
0.96% | |
2.63% | |
0.29% | |
0.30% | |
1.08% | |
3.15% | |
0.96% | |
0.50% | |
1.11% | |
2.87% | |
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應付股利 |
1.05% | |
0.00% | |
1.11% | |
0.00% | |
1.11% | |
0.00% | |
1.20% | |
0.00% | |
1.22% | |
0.00% | |
1.16% | |
0.00% | |
1.06% | |
0.00% | |
1.09% | |
0.00% | |
0.96% | |
0.00% | |
1.10% | |
0.00% | |
0.91% | |
0.00% | |
0.99% | |
0.00% | |
0.77% | |
0.00% | |
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應付客戶款項 |
0.06% | |
0.32% | |
0.50% | |
0.17% | |
0.22% | |
0.45% | |
0.62% | |
0.26% | |
0.10% | |
0.07% | |
0.33% | |
0.05% | |
0.20% | |
0.12% | |
0.37% | |
0.03% | |
0.13% | |
0.01% | |
0.06% | |
0.00% | |
0.03% | |
0.04% | |
0.07% | |
0.16% | |
0.04% | |
0.08% | |
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重組儲備金 |
0.08% | |
0.16% | |
0.17% | |
0.31% | |
0.51% | |
0.65% | |
1.15% | |
0.91% | |
1.25% | |
1.32% | |
0.78% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.06% | |
0.08% | |
0.09% | |
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雜項短期應計專案 |
3.09% | |
3.16% | |
3.47% | |
3.74% | |
3.57% | |
4.35% | |
5.09% | |
4.05% | |
3.52% | |
5.03% | |
3.61% | |
3.84% | |
3.53% | |
4.80% | |
4.38% | |
3.66% | |
3.30% | |
3.92% | |
3.93% | |
4.35% | |
3.54% | |
3.12% | |
3.39% | |
4.32% | |
3.61% | |
3.90% | |
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流動負債 |
31.51% |
|
35.69% |
|
29.99% |
|
31.98% |
|
34.10% |
|
35.78% |
|
34.10% |
|
30.40% |
|
30.59% |
|
39.64% |
|
23.62% |
|
18.41% |
|
24.43% |
|
29.94% |
|
23.26% |
|
16.89% |
|
21.53% |
|
27.82% |
|
20.98% |
|
17.59% |
|
21.33% |
|
27.34% |
|
20.87% |
|
21.43% |
|
25.06% |
|
28.66% |
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長期債務，不包括流動部分 |
29.25% | |
30.04% | |
34.00% | |
33.30% | |
35.37% | |
38.39% | |
37.76% | |
39.10% | |
40.93% | |
37.02% | |
38.45% | |
37.72% | |
35.24% | |
32.21% | |
34.25% | |
13.10% | |
13.01% | |
12.70% | |
9.97% | |
9.47% | |
9.30% | |
9.11% | |
10.08% | |
7.70% | |
7.42% | |
7.55% | |
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|
退休後負債 |
1.34% | |
1.32% | |
1.47% | |
1.45% | |
1.53% | |
1.61% | |
1.88% | |
1.66% | |
1.73% | |
1.54% | |
1.53% | |
1.47% | |
1.48% | |
1.45% | |
1.57% | |
1.43% | |
1.42% | |
1.45% | |
1.73% | |
2.30% | |
2.38% | |
2.35% | |
2.68% | |
2.34% | |
2.38% | |
2.52% | |
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|
長期遞延收入 |
0.50% | |
0.48% | |
0.53% | |
0.11% | |
0.13% | |
0.15% | |
0.18% | |
0.20% | |
0.23% | |
0.21% | |
0.21% | |
0.24% | |
0.17% | |
0.19% | |
0.21% | |
0.29% | |
0.40% | |
0.47% | |
0.67% | |
0.77% | |
0.85% | |
0.97% | |
1.21% | |
1.30% | |
1.41% | |
1.56% | |
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非流動遞延所得稅負債 |
0.61% | |
1.25% | |
0.90% | |
0.56% | |
0.34% | |
0.43% | |
0.34% | |
0.37% | |
1.81% | |
1.77% | |
1.55% | |
2.38% | |
2.19% | |
2.20% | |
2.32% | |
2.01% | |
2.16% | |
2.26% | |
2.27% | |
2.05% | |
1.86% | |
1.39% | |
1.55% | |
1.52% | |
0.61% | |
0.61% | |
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|
環境和訴訟責任的長期部分 |
0.94% | |
0.96% | |
1.02% | |
0.98% | |
0.93% | |
0.94% | |
1.01% | |
0.94% | |
0.99% | |
0.90% | |
0.89% | |
0.76% | |
0.80% | |
0.77% | |
0.84% | |
0.84% | |
0.80% | |
0.77% | |
0.93% | |
0.94% | |
0.98% | |
0.94% | |
1.05% | |
0.84% | |
0.86% | |
0.85% | |
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長期重組準備金 |
0.00% | |
0.00% | |
0.04% | |
0.05% | |
0.10% | |
0.07% | |
0.09% | |
0.61% | |
0.63% | |
0.62% | |
0.21% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
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|
其他負債 |
1.62% | |
1.66% | |
1.77% | |
1.48% | |
1.52% | |
1.55% | |
1.61% | |
1.57% | |
1.72% | |
1.67% | |
1.57% | |
1.46% | |
1.46% | |
1.44% | |
1.56% | |
1.67% | |
1.68% | |
1.63% | |
1.85% | |
1.94% | |
2.35% | |
2.59% | |
3.04% | |
2.77% | |
3.39% | |
3.41% | |
|
|
非流動負債 |
34.26% |
|
35.71% |
|
39.74% |
|
37.93% |
|
39.91% |
|
43.14% |
|
42.88% |
|
44.44% |
|
48.02% |
|
43.72% |
|
44.43% |
|
44.04% |
|
41.34% |
|
38.26% |
|
40.74% |
|
19.33% |
|
19.46% |
|
19.27% |
|
17.42% |
|
17.47% |
|
17.72% |
|
17.35% |
|
19.62% |
|
16.46% |
|
16.08% |
|
16.50% |
|
|
|
總負債 |
65.77% |
|
71.41% |
|
69.73% |
|
69.91% |
|
74.01% |
|
78.93% |
|
76.97% |
|
74.84% |
|
78.62% |
|
83.36% |
|
68.04% |
|
62.44% |
|
65.77% |
|
68.20% |
|
64.00% |
|
36.21% |
|
40.99% |
|
47.09% |
|
38.40% |
|
35.06% |
|
39.05% |
|
44.69% |
|
40.49% |
|
37.89% |
|
41.14% |
|
45.16% |
|
|
|
面值超過 0.01 美元的可贖回普通股和資本 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.71% | |
0.00% | |
0.00% | |
|
|
普通股，面值0.01美元 |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.02% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
0.03% | |
|
|
庫存股，按成本計算 |
-66.35% | |
-65.06% | |
-70.56% | |
-69.18% | |
-70.43% | |
-71.82% | |
-76.27% | |
-74.05% | |
-77.54% | |
-68.09% | |
-54.99% | |
-53.70% | |
-46.96% | |
-44.16% | |
-45.64% | |
-21.71% | |
-20.91% | |
-19.52% | |
-20.03% | |
-16.71% | |
-15.27% | |
-13.63% | |
-15.06% | |
-15.19% | |
-14.05% | |
-12.92% | |
|
|
追加出資 |
52.70% | |
51.44% | |
55.50% | |
54.17% | |
54.83% | |
55.69% | |
58.91% | |
57.01% | |
59.45% | |
51.54% | |
52.30% | |
51.39% | |
45.39% | |
43.04% | |
45.51% | |
47.71% | |
46.88% | |
45.22% | |
52.18% | |
49.55% | |
47.98% | |
46.31% | |
51.28% | |
50.85% | |
49.44% | |
49.63% | |
|
|
留存收益 |
58.58% | |
52.91% | |
56.59% | |
57.57% | |
54.67% | |
51.49% | |
54.53% | |
56.21% | |
55.16% | |
47.19% | |
47.33% | |
50.99% | |
45.56% | |
39.60% | |
41.00% | |
41.38% | |
37.41% | |
31.38% | |
34.79% | |
36.28% | |
31.51% | |
26.07% | |
27.38% | |
30.63% | |
25.05% | |
21.05% | |
|
|
累計其他綜合損失 |
-10.78% | |
-10.78% | |
-11.38% | |
-12.57% | |
-13.18% | |
-14.39% | |
-14.23% | |
-14.06% | |
-15.72% | |
-14.07% | |
-12.78% | |
-11.25% | |
-9.83% | |
-6.80% | |
-5.07% | |
-4.43% | |
-5.10% | |
-4.88% | |
-6.18% | |
-5.18% | |
-4.28% | |
-4.38% | |
-5.12% | |
-5.88% | |
-2.57% | |
-3.72% | |
|
|
員工持股計劃（ESOP）債務償還準備金 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
-0.01% | |
0.00% | |
-0.01% | |
|
|
孟山都公司股東權益合計 |
34.18% |
|
28.53% |
|
30.18% |
|
30.02% |
|
25.92% |
|
21.00% |
|
22.97% |
|
25.14% |
|
21.39% |
|
16.60% |
|
31.89% |
|
37.46% |
|
34.19% |
|
31.70% |
|
35.83% |
|
62.98% |
|
58.31% |
|
52.22% |
|
60.78% |
|
63.97% |
|
59.97% |
|
54.39% |
|
58.51% |
|
60.43% |
|
57.88% |
|
54.06% |
|
|
|
非控制性權益 |
0.05% | |
0.06% | |
0.09% | |
0.07% | |
0.07% | |
0.07% | |
0.06% | |
0.02% | |
-0.01% | |
0.04% | |
0.07% | |
0.10% | |
0.04% | |
0.09% | |
0.18% | |
0.81% | |
0.69% | |
0.69% | |
0.82% | |
0.96% | |
0.99% | |
0.91% | |
1.00% | |
0.98% | |
0.97% | |
0.78% | |
|
|
股東權益合計 |
34.23% |
|
28.59% |
|
30.27% |
|
30.09% |
|
25.99% |
|
21.07% |
|
23.03% |
|
25.16% |
|
21.38% |
|
16.64% |
|
31.96% |
|
37.56% |
|
34.23% |
|
31.80% |
|
36.00% |
|
63.79% |
|
59.01% |
|
52.91% |
|
61.60% |
|
64.94% |
|
60.95% |
|
55.31% |
|
59.51% |
|
61.41% |
|
58.86% |
|
54.84% |
|
|
|
負債總額和股東權益 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
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根據報告：
10-Q (報告日期： 2018-02-28), 10-Q (報告日期： 2017-11-30), 10-K (報告日期： 2017-08-31), 10-Q (報告日期： 2017-05-31), 10-Q (報告日期： 2017-02-28), 10-Q (報告日期： 2016-11-30), 10-K (報告日期： 2016-08-31), 10-Q (報告日期： 2016-05-31), 10-Q (報告日期： 2016-02-29), 10-Q (報告日期： 2015-11-30), 10-K (報告日期： 2015-08-31), 10-Q (報告日期： 2015-05-31), 10-Q (報告日期： 2015-02-28), 10-Q (報告日期： 2014-11-30), 10-K (報告日期： 2014-08-31), 10-Q (報告日期： 2014-05-31), 10-Q (報告日期： 2014-02-28), 10-Q (報告日期： 2013-11-30), 10-K (報告日期： 2013-08-31), 10-Q (報告日期： 2013-05-31), 10-Q (報告日期： 2013-02-28), 10-Q (報告日期： 2012-11-30), 10-K (報告日期： 2012-08-31), 10-Q (報告日期： 2012-05-31), 10-Q (報告日期： 2012-02-29), 10-Q (報告日期： 2011-11-30).
根據提供的財務資料顯示，Monsanto Co. 在這段期間經歷了持續的資產結構調整及負債變動，反映出公司在資本運作與負債管理方面的策略調整，亦可能受到產業環境或公司策略的影響。
- 短期債務及流動負債
- 短期債務（包括長期債務的流動部分）於2011年至2017年期間所佔比例逐步升高，特別是從2012年8月後開始呈現上升趨勢，2014年底達到約12.58%，之後在2018年前雖略微波動，仍維持較高水準，顯示公司在此期間偏向增加短期負債以支持營運或投資。而流動負債比例亦隨之上升，尤其在2014年後明顯增加，反映出公司流動負債負擔逐漸加重。
- 長期債務
- 長期債務（扣除流動部分）比例則持續提升，從2011年的7.55%逐步攀升至2018年的約29.25%，顯示公司逐年增加長期融資，較少依賴短期借款，加強資金長期穩定性，可能為支持長期投資或資本支出所需。
- 股東權益結構
- 股東權益佔比在整體資本結構中保持較高，且在2011年至2017年期間逐漸上升，最高達約65-70%左右，彰顯公司在此階段深化資本積累。其中，留存收益比例也隨時間增加，表明公司盈利能力較為穩健，並持續將盈餘留存以強化資本基礎。同期，庫存股比例屢屢顯著負值，代表法令規定公司進行庫藏股，可能用於股票回購或股東價值管理。
- 負債與資本結構變化
- 在負債佔比方面，整體負債比例於2014年底後急升，最高約在2017年接近70%，反映公司增加了財務槓桿，可能為了資本支出或併購。非流動負債與長期負債同步增長，突顯出資金運用逐步轉向長期融資可靠性。
- 其他負債與特殊項目
- 其他負債占比基本穩定，略有起伏，環境及訴訟責任長期部分則保持較低比重，表明潛在的環境或合規負擔未產生顯著增加。遞延收入比例則呈下降趨勢，可能表示收入確認時間點調整或銷售安排的變化。
- 綜合分析
- 整體而言，公司在2011年至2018年間，逐步增加長期負債，改善資本結構，同時保持較高之股東權益比例。負債結構的轉變可能伴隨財務槓桿的提升，提高資本效率，但亦伴隨潛在的財務風險。公司在資產負債管理策略上呈現由偏保守逐步轉向較積極融資的趨勢，反映其尋求擴張與成長的資金需求。值得關注的是，庫藏股比例較高，顯示股東回饋策略的運用，亦可能是公司維持股價或股東價值的重要手段。
