Mullen Automotive Balance Sheet Health
Financial Health criteria checks 2/6
Mullen Automotive has a total shareholder equity of $-16.5M and total debt of $5.4M, which brings its debt-to-equity ratio to -32.6%. Its total assets and total liabilities are $178.6M and $195.2M respectively.
Key information
-32.6%
Debt to equity ratio
US$5.40m
Debt
| Interest coverage ratio | n/a |
| Cash | US$10.32m |
| Equity | -US$16.55m |
| Total liabilities | US$195.18m |
| Total assets | US$178.63m |
Recent financial health updates
Recent updates
Bollinger Motors, Wabash partner to develop all-electric refrigerated delivery truck
Sep 21Mullen shares specifics on FIVE RS EV sport crossover
Sep 15Mullen, Watergen partner to launch in-vehicle air-to-water tech for EVs
Sep 01Mullen's first EV crossover demo vehicles will arrive in October 2022
Aug 22Mullen: Well Positioned For The Solid-State Battery Race
Aug 09Mullen opens new automotive development center in Irvine
Aug 01Mullen: A Force In The Making
Jul 21Mullen Automotive signs agreement with Amazon's delivery partner for EV cargo vans
Jul 11Mullen to report strongest balance sheet in company’s history, says CEO David Michery
Jun 30Mullen: Too Many Positive Catalysts Ahead
Jun 14Financial Position Analysis
Short Term Liabilities: MULN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MULN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MULN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MULN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MULN has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MULN is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 23:06 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mullen Automotive, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.