MP Materials Corp (MP) — Working Capital to Net Assets Ratio
MP Materials Corp (MP) has a Working Capital to Net Assets ratio of 80.1% as of September 2025. Working capital of $1.90 Billion (current assets of $2.17 Billion minus current liabilities of $270.18 Million) is measured against net assets of $2.38 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of MP Materials Corp to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MP Materials Corp Working Capital to Net Assets (2018–2024)
This chart shows how MP Materials Corp's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 80.1%, reflecting working capital of $1.90 Billion against net assets of $2.38 Billion USD. Check how tangible is MP Materials Corp's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for MP Materials Corp (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for MP Materials Corp from 2018 to 2024, covering 7 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see MP Materials Corp (MP) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 82.2% | $867.30 Million | $1.05 Billion | $1.03 Billion | $164.02 Million | ▲ +7.3 pp |
| 2023 | 74.9% | $1.02 Billion | $1.37 Billion | $1.13 Billion | $108.55 Million | ▼ -16.3 pp |
| 2022 | 91.1% | $1.20 Billion | $1.31 Billion | $1.29 Billion | $97.48 Million | ▼ -29.5 pp |
| 2021 | 120.7% | $1.22 Billion | $1.01 Billion | $1.28 Billion | $59.54 Million | ▲ +60.0 pp |
| 2020 | 60.7% | $517.99 Million | $853.88 Million | $561.05 Million | $43.06 Million | ▲ +39.0 pp |
| 2019 | 21.7% | $-3.91 Million | $-18.02 Million | $27.41 Million | $31.32 Million | ▼ -27.8 pp |
| 2018 | 49.4% | $-5.57 Million | $-11.27 Million | $17.48 Million | $23.05 Million | — |