MP
Price:
$16.22
Market Cap:
$2.65B
MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals. It offers cerium, lanthanum, neodymium, praseodymium, and samarium. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.[Read more]
Industry
Industrial Materials
IPO Date
2020-06-22
Stock Exchange
NYSE
Ticker
MP
According to MP Materials Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 6.93. This represents a change of -19.74% compared to the average of 8.63 of the last 4 quarters.
The mean historical Current Ratio of MP Materials Corp. over the last ten years is 9.97. The current 6.93 Current Ratio has changed 6.85% with respect to the historical average. Over the past ten years (40 quarters), MP's Current Ratio was at its highest in in the March 2022 quarter at 25.53. The Current Ratio was at its lowest in in the March 2019 quarter at 0.
Average
9.97
Median
11.72
Minimum
0.76
Maximum
21.44
Discovering the peaks and valleys of MP Materials Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 1.39%
Maximum Annual Current Ratio = 21.44
Minimum Annual Increase = -38.10%
Minimum Annual Current Ratio = 0.76
Year | Current Ratio | Change |
---|---|---|
2023 | 10.42 | -21.49% |
2022 | 13.27 | -38.10% |
2021 | 21.44 | 64.58% |
2020 | 13.03 | 1.39% |
2019 | 0.88 | 15.42% |
The current Current Ratio of MP Materials Corp. (MP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
15.05
5-year avg
11.81
10-year avg
9.97
MP Materials Corp.’s Current Ratio is greater than Piedmont Lithium Inc. (2.85), greater than Sigma Lithium Corporation (0.84), greater than Standard Lithium Ltd. (4.37), greater than Vale S.A. (0.91), greater than Rio Tinto Group (1.70), greater than BHP Group Limited (1.70), greater than Teck Resources Limited (2.92), less than Lithium Americas Corp. (13.88), greater than Sayona Mining Limited (2.46),
Company | Current Ratio | Market cap |
---|---|---|
2.85 | $183.49M | |
0.84 | $1.24B | |
4.37 | $283.60M | |
0.91 | $38.10B | |
1.70 | $100.77B | |
1.70 | $124.89B | |
2.92 | $21.13B | |
13.88 | $688.98M | |
2.46 | $182.38M |
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