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
Recent updates
MP Materials: Securing America's Future With Massive Short Squeeze Potential
Apr 15Revenues Not Telling The Story For MP Materials Corp. (NYSE:MP)
Mar 22MP Materials: A Potential Bargain At 52-Week Lows
Mar 12Analysts Just Slashed Their MP Materials Corp. (NYSE:MP) Earnings Forecasts
Mar 04MP Materials (NYSE:MP) Has A Somewhat Strained Balance Sheet
Jan 23MP Materials: The Only U.S. REE Producer With Top Notch Balance Sheet
Jan 17MP Materials: Rare Earth Leader With Potential Significant Upside
Jan 10MP Materials: Close To Complete Its Full Integration
Dec 16MP Materials: Sell Before 2024 Or Hold For Revival Of Rare Earth Hype?
Nov 30MP Materials (NYSE:MP) Shareholders Will Want The ROCE Trajectory To Continue
Nov 17Energy Transition And Robots - Why MP Materials Has So Much Potential
Oct 17MP Materials: Approaching My Buy Zone
Sep 20MP Materials: Geopolitical Wager On REE Industry Fragmentation
Sep 13MP Materials: It's A Good Time To Make A Move
Aug 16MP Materials: Farm To Table, Mining Edition
Aug 09Some Analysts Just Cut Their MP Materials Corp. (NYSE:MP) Estimates
Aug 06Investors Will Want MP Materials' (NYSE:MP) Growth In ROCE To Persist
Aug 02Betting On America With MP Materials
Jul 06Here's Why MP Materials (NYSE:MP) Has Caught The Eye Of Investors
Jun 22MP Materials: Making Progress
May 24News Flash: 10 Analysts Think MP Materials Corp. (NYSE:MP) Earnings Are Under Threat
May 11Are MP Materials Corp. (NYSE:MP) Investors Paying Above The Intrinsic Value?
Mar 27Analysts Just Shaved Their MP Materials Corp. (NYSE:MP) Forecasts Dramatically
Feb 26MP Materials, Sumitomo forge rare earth supply deal in Japan
Feb 21MP Materials (NYSE:MP) Shareholders Will Want The ROCE Trajectory To Continue
Jan 13Some Confidence Is Lacking In MP Materials Corp.'s (NYSE:MP) P/E
Dec 16MP Materials Non-GAAP EPS of $0.36 beats by $0.06, revenue of $124.45M beats by $6.73M
Nov 03MP Materials Corp. (NYSE:MP) Shares Could Be 48% Below Their Intrinsic Value Estimate
Nov 03Sell MP Materials: It's Still Expensive
Oct 21MP Materials' (NYSE:MP) Returns On Capital Are Heading Higher
Oct 15MP Materials: Prices For Rare Earths Are Tumbling
Aug 15MP Materials: A Cash-Flow Machine With Terrific Execution
Aug 09Here's Why MP Materials (NYSE:MP) Has Caught The Eye Of Investors
Aug 07MP Materials jumps 9% on move to MidCap 400 index
Jul 22MP Materials: Rare Earths, Geopolitics, And The Drive To Net-Zero
Jul 12MP Materials (NYSE:MP) Is Looking To Continue Growing Its Returns On Capital
Jul 02Estimating The Intrinsic Value Of MP Materials Corp. (NYSE:MP)
Jun 13MP Materials: Phenomenal Execution Makes The Stock A Buy
May 19MP Materials: US Based Rare Earth Mining Needed Now
Mar 18Financial 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.