RY 175.42 -0.2162% SHOP 157.15 -0.958% TD 79.04 0.0886% ENB 61.42 0.7711% BN 86.09 -0.3934% TRI 231.36 0.0562% CNQ 47.61 0.8046% CP 105.71 -1.4083% CNR 154.12 -1.2811% BMO 133.23 -0.2396% BNS 77.09 -3.3839% CSU 4762.73 -0.5755% CM 89.48 -0.633% MFC 45.25 -0.2645% ATD 82.67 -0.4336% NGT 58.69 2.2296% TRP 68.72 0.7034% SU 54.51 -1.1067% WCN 268.52 0.1492% L 186.4 1.1998%
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How’s Nutrien Ltd (TSX: NTR) performing amid global uptick in fertilizer demand
Nutrien Ltd (TSX: NTR) is one of the largest fertilizer producers in the world, in terms of capacity. It is involved in the production of three main crop nutrients – phosphate, potash, and nitrogen. However, in case of potash, it stands as one of the global leaders in installed capacity with nearly 20% share.
Interestingly, Nutrien is also one of the largest agricultural retailers in the USA, selling seeds, fertilizers, crop chemicals, and providing services to farm customers.
How did NTR perform in Q1 2023?
During the first quarter of the year 2023, Nutrien posted industry beating profitability margins and debt to equity ratio. Also, it recorded an increased current ratio and cash and cash equivalents.
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