MP Materials Corp (MP) - Total Assets
Based on the latest financial reports, MP Materials Corp (MP) holds total assets worth $3.80 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See net assets of MP Materials Corp for net asset value and shareholders' equity analysis.
MP Materials Corp - Total Assets Trend (2018–2024)
This chart illustrates how MP Materials Corp's total assets have evolved over time, based on quarterly financial data.
MP Materials Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
MP Materials Corp's total assets of $3.80 Billion consist of 44.2% current assets and 55.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $280.55 Million | 12.1% |
| Accounts Receivable | $62.34 Million | 2.7% |
| Inventory | $107.91 Million | 4.6% |
| Property, Plant & Equipment | $1.26 Billion | 54.0% |
| Intangible Assets | $7.37 Million | 0.3% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how MP Materials Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market cap of MP Materials Corp.
Key Asset Composition Facts
- Current vs. Non-Current Assets: MP Materials Corp's current assets represent 44.2% of total assets in 2024, an increase from 18.2% in 2018.
- Cash Position: Cash and equivalents constituted 12.1% of total assets in 2024, up from 2.9% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is property, plant & equipment at 54.0% of total assets.
MP Materials Corp Competitors by Total Assets
Key competitors of MP Materials Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
FORTESCUE MET.GR.SP.ADR 2
F:FVJA
|
Germany | €30.52 Billion |
|
Lynas Rare EARTHS Ltd
AU:LYC
|
Australia | AU$2.94 Billion |
|
Pilbara Minerals Ltd
AU:PLS
|
Australia | AU$4.70 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
China | CN¥8.41 Billion |
|
Almonty Industries Inc
AU:AII
|
Australia | AU$589.73 Million |
|
Vale Indonesia Tbk
JK:INCO
|
Indonesia | Rp3.35 Billion |
|
Zhejiang Huayou Cobalt Co Ltd
SHG:603799
|
China | CN¥148.85 Billion |
|
Sichuan Anning Iron and Titanium Co
SHE:002978
|
China | CN¥16.68 Billion |
MP Materials Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 8.05 | 6.93 | 13.03 |
| Quick Ratio | 7.51 | 6.13 | 12.28 |
| Cash Ratio | 4.22 | 1.90 | 0.00 |
| Working Capital | $1.90 Billion | $870.39 Million | $517.99 Million |
MP Materials Corp - Advanced Valuation Insights
This section examines the relationship between MP Materials Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.23 |
| Latest Market Cap to Assets Ratio | 4.41 |
| Asset Growth Rate (YoY) | -0.1% |
| Total Assets | $2.33 Billion |
| Market Capitalization | $10.28 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values MP Materials Corp's assets at a significant premium (4.41x), suggesting investors see substantial growth potential or unique competitive advantages.
Slight Asset Contraction: MP Materials Corp's assets decreased by 0.1% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for MP Materials Corp (2018–2024)
The table below shows the annual total assets of MP Materials Corp from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.33 Billion | -0.12% |
| 2023-12-31 | $2.34 Billion | +4.41% |
| 2022-12-31 | $2.24 Billion | +18.42% |
| 2021-12-31 | $1.89 Billion | +75.90% |
| 2020-12-31 | $1.07 Billion | +955.35% |
| 2019-12-31 | $101.79 Million | +5.74% |
| 2018-12-31 | $96.27 Million | -- |
About MP Materials Corp
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. The company operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products. The co… Read more