MP (MP Materials) Debt-to-Equity : 0.89 (As of Sep. 2024)

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What is MP Materials Debt-to-Equity?

MP Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.0 Mil. MP Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $943.7 Mil. MP Materials's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,064.5 Mil. MP Materials's debt to equity for the quarter that ended in Sep. 2024 was 0.89.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MP Materials's Debt-to-Equity or its related term are showing as below:

MP' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.04 Med: 0.58 Max: 0.89
Current: 0.89

During the past 5 years, the highest Debt-to-Equity Ratio of MP Materials was 0.89. The lowest was -1.04. And the median was 0.58.

MP's Debt-to-Equity is ranked worse than
85.87% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs MP: 0.89

MP Materials Debt-to-Equity Historical Data

The historical data trend for MP Materials's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MP Materials Debt-to-Equity Chart

MP Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-1.04

0.08

0.69

0.52

0.50

MP Materials Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.50	0.83	0.85	0.89

Competitive Comparison of MP Materials's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, MP Materials's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MP Materials's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MP Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MP Materials's Debt-to-Equity falls into.

MP Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MP Materials's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	688.809)	/	1365.779
	=	0.50

MP Materials's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	943.65)	/	1064.54
	=	0.89

MP Materials (NYSE:MP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MP Materials Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MP Materials's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MP Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MP Materials Corp (NYSE:MP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MP:Mexico 55H0:Germany

Address

1700 S. Pavilion Center Drive, 8th Floor, Las Vegas, NV, USA, 89135

Website

https://www.mpmaterials.com

MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America.

Executives

James H. Litinsky	director, officer: Chairman and CEO	C/O MP MATERIALS CORP., 1700 S. PAVILION CENTER DRIVE, SUITE 800, LAS VEGAS NV 89135
Ryan Corbett	officer: Chief Financial Officer	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
Elliot Dean Hoops	officer: General Counsel and Secretary	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
Michael Stuart Rosenthal	officer: Chief Operating Officer	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
Andrew A. Mcknight	director, officer: Chief Executive Officer	ONE MARKET PLAZA, SPEAR TOWER 42ND FLOOR, SAN FRANCISCO CA 94123
Jhl Capital Group Llc	other: See Remarks	1500 N. HALSTED ST., SUITE 200, CHICAGO IL 60642
Arnold W Donald	director	C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178
Qvt Financial Lp	director, 10 percent owner, other: Director by Deputization	888 SEVENTH AVENUE, 43RD FLOOR, NEW YORK NY 10106
Daniel Allen Gold	director	6720 VIA AUSTI PARKWAY, SUITE 450, LAS VEGAS NV 89119
Duckworth Connie K	director	EIGHT WINGS ENTERPRISES, 77 STONE AGTE LANE, LAKE FOREST IL 60045
Maryanne Lavan	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Richard B Myers	director	C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Randall J Weisenburger	director	C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Sheila Bangalore	officer: CSO and General Counsel	6720 VIA AUSTI PARKWAY, SUITE 450, LAS VEGAS NV 89119
Jhl Capital Group Master Fund L.p.	other: See Remarks	UGLAND HOUSE, SOUTH CHURCH STREET, P.O. BOX 309, GRAND CAYMAN E9 KY1-1104