Mullen Automotive Balance Sheet Health
Financial Health criteria checks 2/6
Mullen Automotive has a total shareholder equity of $53.0M and total debt of $2.7M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are $192.3M and $139.3M respectively.
Key information
5.2%
Debt to equity ratio
US$2.73m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.55m |
| Equity | US$53.00m |
| Total liabilities | US$139.33m |
| Total assets | US$192.33m |
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 14Mullen Automotive Stock: What Is The Outlook For The Rest Of 2022?
May 04Financial Position Analysis
Short Term Liabilities: MULN's short term assets ($67.6M) do not cover its short term liabilities ($126.6M).
Long Term Liabilities: MULN's short term assets ($67.6M) exceed its long term liabilities ($12.8M).
Debt to Equity History and Analysis
Debt Level: MULN has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MULN's debt to equity ratio has reduced over the past 5 years.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MULN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 62.1% each year