MP Materials Corp (MP)
Debt-to-capital ratio
| 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 | 681,980 | 681,094 | 680,210 | 679,326 | 678,444 | 677,563 | 676,683 | 675,804 | 674,927 | 674,050 | 673,174 | 672,582 | 961 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,365,780 | 1,376,070 | 1,364,930 | 1,351,800 | 1,312,630 | 1,242,310 | 1,170,740 | 1,090,370 | 1,008,730 | 954,195 | 906,625 | 875,157 | 853,877 | -10,115 | -24,742 | -16,097 |
| Debt-to-capital ratio | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.35 | 0.37 | 0.38 | 0.40 | 0.41 | 0.43 | 0.43 | 0.00 | — | — | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $681,980K ÷ ($681,980K + $1,365,780K)
= 0.33
The debt-to-capital ratio of MP Materials Corporation has remained relatively stable around the 0.33 to 0.38 range over the past eight quarters. The trend indicates that the company's level of debt relative to its total capital has been fairly consistent during this period. A debt-to-capital ratio of 0.33 to 0.38 suggests that MP Materials relies moderately on debt financing in relation to its total capital structure. An analysis of other financial ratios and factors would be necessary to gain a more comprehensive understanding of the company's overall financial health and leverage position.
Peer comparison
Dec 31, 2023