MP Materials (STU:55H0) Interest Expense : €-15.9 Mil (TTM As of Sep. 2024)

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What is MP Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MP Materials's interest expense for the three months ended in Sep. 2024 was € -6.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-15.9 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MP Materials's Operating Income for the three months ended in Sep. 2024 was € -34.2 Mil. MP Materials's Interest Expense for the three months ended in Sep. 2024 was € -6.0 Mil. MP Materials did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MP Materials Interest Expense Historical Data

The historical data trend for MP Materials's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MP Materials Interest Expense Chart

MP Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-3.07

-4.12

-7.88

-5.46

-4.82

MP Materials Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.31	-1.02	-2.63	-6.27	-5.99

MP Materials Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-15.9 Mil.

MP Materials (STU:55H0) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MP Materials's Interest Expense for the three months ended in Sep. 2024 was €-6.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was €-34.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €850.2 Mil.

MP Materials's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

MP Materials did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

MP Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MP Materials Corp (STU:55H0) » Definitions » Interest Expense

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Address

1700 S. Pavilion Center Drive, 8th Floor, Las Vegas, NV, USA, 89135

Website

https://www.mpmaterials.com

MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America.

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