MP Materials Balance Sheet Health
Financial Health criteria checks 5/6
MP Materials has a total shareholder equity of $1.4B and total debt of $686.7M, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are $2.3B and $970.7M respectively. MP Materials's EBIT is $9.9M making its interest coverage ratio -0.2. It has cash and short-term investments of $997.8M.
Key information
50.3%
Debt to equity ratio
US$686.72m
Debt
Interest coverage ratio | -0.2x |
Cash | US$997.84m |
Equity | US$1.37b |
Total liabilities | US$970.67m |
Total assets | US$2.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MP *'s short term assets ($1.1B) exceed its short term liabilities ($108.6M).
Long Term Liabilities: MP *'s short term assets ($1.1B) exceed its long term liabilities ($862.1M).
Debt to Equity History and Analysis
Debt Level: MP * has more cash than its total debt.
Reducing Debt: MP * had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MP *'s debt is not well covered by operating cash flow (9.1%).
Interest Coverage: MP * earns more interest than it pays, so coverage of interest payments is not a concern.