How much debt does MP Materials have?

According to MP Materials's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

MP Materials's total debt stands at $5.80M. This is broken down into:

• Long-term debt: $11.60M
• Short-term debt: $-

The company's net debt, which accounts for cash and cash equivalents, is $-276.64M. In terms of overall financial obligations, MP Materials's total liabilities amount to $1.28B.

Debt Ratios and Metrics

To better understand MP Materials's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 0.01 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 0.25% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: -7.36 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 0.55% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 0.55% - this indicates the total debt in the company's capital structure.

These metrics provide insight into MP Materials's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.