MP Materials Corp (MP)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,333,560 | 2,300,290 | 2,364,330 | 2,354,040 | 2,393,100 | 2,322,220 | 2,289,440 | 2,281,100 | 2,237,790 | 2,189,160 | 2,101,240 | 1,987,210 | 1,889,670 | 1,849,450 | 1,817,960 | 1,782,530 | 1,074,290 | 157,187 | 147,604 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
MP Materials Corp has consistently maintained a debt-to-assets ratio of 0.00% from March 2020 to December 2024. This indicates that the company has not relied on debt to finance its operations or investments, and instead, its assets are primarily funded through equity. A debt-to-assets ratio of 0.00% suggests a very low financial risk and a strong financial position, as the company's assets exceed its debt obligations significantly. Consequently, MP Materials Corp is less vulnerable to financial distress and has a solid foundation for future growth and investment opportunities.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
MP Materials Corp
MP
0.00
Cleveland-Cliffs Inc
CLF
0.34
Freeport-McMoran Copper & Gold Inc
FCX
0.00