MP Materials (MP) Current Ratio
Price: $25.97
Market Cap: $4.24B
Avg Volume: 3.27M
Market Cap: $4.24B
Avg Volume: 3.27M
Country: US
Industry: Industrial Materials
Sector: Basic Materials
Industry: Industrial Materials
Sector: Basic Materials
MP Materials Current Ratio
- Annual: 6.29
- Quarterly: 6.29
- TTM: 6.29
What is the Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets. A higher current ratio indicates a greater ability to meet short-term obligations.
Related Metrics
Other important metrics to assess MP Materials's financial health include:
- Quick Ratio - measures the company's ability to meet short-term obligations with its most liquid assets:
- Annual: 5.63
- Quarterly: 5.63
- TTM: 5.63
- Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
- Annual: 1.72
- Quarterly: 1.72
- TTM: 1.72
These metrics provide insights into MP Materials's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.
Annual Current Ratio
6.29
Quarterly Current Ratio
6.29
TTM Current Ratio
6.29
MP Materials Historical Current Ratio
Historical Quick Ratio
Historical Cash Ratio
MP Materials Historical Ratios
The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Current Ratio | Quick Ratio | Cash Ratio |
|---|---|---|---|
| 2024 | 6.29 | 5.63 | 1.72 |
| 2023 | 10.42 | 9.54 | 2.43 |
| 2022 | 13.27 | 12.68 | 1.40 |
| 2021 | 21.44 | 20.79 | 19.81 |
| 2020 | 13.03 | 12.28 | 12.07 |
| 2019 | 0.88 | 0.14 | 0.09 |
| 2018 | 0.76 | 0.17 | 0.12 |
Related Metrics
Explore detailed financial metrics and analysis for MP.