Mullen Automotive Inc. (MULN) — Tangible Net Worth Ratio
Mullen Automotive Inc. (MULN) has a Tangible Net Worth Ratio of 47.3% as of June 2024. This metric is calculated by deducting intangible assets ($27.94 Million) from net assets ($53.00 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See how liquid is Mullen Automotive Inc.'s working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Mullen Automotive Inc. Tangible Net Worth Ratio (2011–2023)
This chart shows how Mullen Automotive Inc.'s Tangible Net Worth Ratio has changed across 9 annual periods from 2011 to 2023. As of June 2024, the ratio stands at 47.3%, reflecting net assets of $53.00 Million with intangible assets of $27.94 Million USD. See MULN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Mullen Automotive Inc. (2011–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Mullen Automotive Inc. from 2011 to 2023, covering 9 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Mullen Automotive Inc. stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 61.8% | $272.81 Million | $104.24 Million | $421.71 Million | ▲ +21.6 pp |
| 2022 | 40.1% | $156.96 Million | $93.95 Million | $302.59 Million | ▼ -36.1 pp |
| 2018 | 76.2% | $13.14 Million | $3.13 Million | $32.33 Million | ▲ +0.0 pp |
| 2017 | 76.2% | $13.14 Million | $3.13 Million | $32.33 Million | ▲ +64.6 pp |
| 2016 | 11.6% | $4.06 Trillion | $3.59 Trillion | $23.31 Trillion | ▼ -28.4 pp |
| 2015 | 40.0% | $9.04 Trillion | $5.42 Trillion | $22.91 Trillion | ▼ -58.7 pp |
| 2013 | 98.7% | $17.01 Million | $212.87K | $28.38 Million | ▼ -1.3 pp |
| 2012 | 100.0% | $22.70 Million | $0.00 | $23.25 Million | ▲ +0.0 pp |
| 2011 | 100.0% | $22.70 Million | $0.00 | $23.25 Million | — |