MP Materials Balance Sheet Health
Financial Health criteria checks 3/6
MP Materials has a total shareholder equity of $1.1B and total debt of $940.8M, which brings its debt-to-equity ratio to 88.4%. Its total assets and total liabilities are $2.3B and $1.2B respectively.
Key information
88.4%
Debt to equity ratio
US$940.78m
Debt
| Interest coverage ratio | n/a |
| Cash | US$866.49m |
| Equity | US$1.06b |
| Total liabilities | US$1.24b |
| Total assets | US$2.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M2PM34's short term assets ($1.0B) exceed its short term liabilities ($146.8M).
Long Term Liabilities: M2PM34's short term assets ($1.0B) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: M2PM34's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: M2PM34 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: M2PM34's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if M2PM34's interest payments on its debt are well covered by EBIT.