MP Materials Corp Working Capital to Net Assets Ratio
MP Materials Corp working capital to net assets ratio. MP Materials Corp (MP) has a Working Capital to Net Assets ratio of 79.8% as of June 2026. Working capital of $1.56 Billion (current assets of $1.75 Billion minus current liabilities of $183.54 Million) is measured against net assets of $1.96 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check MP Materials Corp (MP) tangible net worth to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of MP Materials Corp (2018–2025)
Working capital to net assets ratio of MP Materials Corp from 2018 to 2025. This chart shows how MP Materials Corp's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of June 2026, the ratio stands at 79.8%, reflecting working capital of $1.56 Billion against net assets of $1.96 Billion USD. See MP days of operational coverage to measure how many days the company can operate on defensive assets alone.
MP Materials Corp Working Capital to Net Assets Ratio by Year (2018–2025)
MP Materials Corp working capital to net assets ratio by year from 2018 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for MP Materials Corp from 2018 to 2025, covering 8 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 the complete balance sheet picture, see MP total asset value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 78.0% | $1.87 Billion | $2.39 Billion | $2.17 Billion | $299.05 Million | ▼ -4.2 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 | — |