MP Materials Corp.

MP Materials Corp.verified

MP

Price:

$13.91

Market Cap:

$2.30B

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

The Current Ratio as of September 2024 (TTM) for MP Materials Corp. (MP) is 6.90

According to MP Materials Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 6.90. This represents a change of -30.76% compared to the average of 9.96 of the last 4 quarters.

MP Materials Corp. (MP) Historical Current Ratio (quarterly & annually)

How has MP Current Ratio performed in the past?

The mean historical Current Ratio of MP Materials Corp. over the last ten years is 9.97. The current 6.90 Current Ratio has changed 6.82% 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.

Quarterly (TTM)
Annual

Average

9.97

Median

11.72

Minimum

0.76

Maximum

21.44

MP Materials Corp. (MP) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
202310.42-21.49%
202213.27-38.10%
202121.4464.58%
202013.031.39%
20190.8815.42%

MP Materials Corp. (MP) Average Current Ratio

How has MP Current Ratio performed in the past?

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. (MP) Current Ratio vs. Peers

How is MP’s Current Ratio compared to its peers?

MP Materials Corp.’s Current Ratio is greater than Piedmont Lithium Inc. (2.85), greater than Sigma Lithium Corporation (1.05), greater than Standard Lithium Ltd. (1.69), greater than Vale S.A. (1.08), greater than Rio Tinto Group (1.70), greater than BHP Group Limited (1.70), greater than Teck Resources Limited (1.48), less than Lithium Americas Corp. (20.14), greater than Sayona Mining Limited (2.46),

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