MP Materials Corp (MP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,333,560 | 2,336,450 | 2,237,790 | 1,889,670 | 1,074,290 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,333,560K
= 0.00
The debt-to-assets ratio of MP Materials Corp has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which may suggest a conservative financial strategy or strong financial position. It also indicates a lower financial risk as the company is not reliant on borrowed funds. However, it's important to consider that a very low debt-to-assets ratio could also mean missed opportunities for leveraging debt financing for growth or expansion. Overall, MP Materials Corp's consistent 0.00 debt-to-assets ratio reflects a cautious approach towards debt management.
Peer comparison
Dec 31, 2024