Mullen Group Ltd. (MTL) — Tangible Net Worth Ratio
Mullen Group Ltd. (MTL) has a Tangible Net Worth Ratio of 83.1% as of December 2025. This metric is calculated by deducting intangible assets (CA$192.61 Million) from net assets (CA$1.14 Billion) 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. Also explore how fast is Mullen Group Ltd. growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Mullen Group Ltd. Tangible Net Worth Ratio (1996–2025)
This chart shows how Mullen Group Ltd.'s Tangible Net Worth Ratio has changed across 30 annual periods from 1996 to 2025. As of December 2025, the ratio stands at 83.1%, reflecting net assets of CA$1.14 Billion with intangible assets of CA$192.61 Million CAD. For live market cap and overall valuation, see Mullen Group Ltd. market capitalisation.
Annual Tangible Net Worth Ratio for Mullen Group Ltd. (1996–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Mullen Group Ltd. from 1996 to 2025, covering 30 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. Explore Mullen Group Ltd. capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 83.1% | CA$1.14 Billion | CA$192.61 Million | CA$2.57 Billion | ▼ -5.9 pp |
| 2024 | 89.0% | CA$1.02 Billion | CA$112.22 Million | CA$2.33 Billion | ▼ -1.7 pp |
| 2023 | 90.7% | CA$974.88 Million | CA$91.00 Million | CA$2.04 Billion | ▲ +0.9 pp |
| 2022 | 89.8% | CA$973.40 Million | CA$99.62 Million | CA$2.00 Billion | ▲ +0.9 pp |
| 2021 | 88.8% | CA$888.66 Million | CA$99.16 Million | CA$1.92 Billion | ▼ -6.0 pp |
| 2020 | 94.9% | CA$896.42 Million | CA$45.87 Million | CA$1.72 Billion | ▲ +0.2 pp |
| 2019 | 94.7% | CA$917.92 Million | CA$48.46 Million | CA$1.75 Billion | ▲ +0.3 pp |
| 2018 | 94.4% | CA$898.08 Million | CA$50.27 Million | CA$1.65 Billion | ▼ -1.5 pp |
| 2017 | 95.9% | CA$989.73 Million | CA$40.61 Million | CA$1.75 Billion | ▼ -1.7 pp |
| 2016 | 97.6% | CA$960.41 Million | CA$22.60 Million | CA$1.87 Billion | ▲ +1.4 pp |
| 2015 | 96.3% | CA$806.64 Million | CA$30.11 Million | CA$1.82 Billion | ▼ -0.2 pp |
| 2014 | 96.5% | CA$900.94 Million | CA$31.44 Million | CA$1.86 Billion | ▲ +1.1 pp |
| 2013 | 95.4% | CA$900.11 Million | CA$41.74 Million | CA$1.59 Billion | ▲ +1.8 pp |
| 2012 | 93.6% | CA$827.12 Million | CA$52.98 Million | CA$1.56 Billion | ▲ +3.4 pp |
| 2011 | 90.2% | CA$704.30 Million | CA$69.30 Million | CA$1.53 Billion | ▼ -4.5 pp |
| 2010 | 94.7% | CA$1.18 Billion | CA$62.55 Million | CA$1.94 Billion | ▲ +0.9 pp |
| 2009 | 93.8% | CA$1.17 Billion | CA$72.41 Million | CA$1.93 Billion | ▲ +1.8 pp |
| 2008 | 92.0% | CA$1.11 Billion | CA$89.08 Million | CA$1.88 Billion | ▼ -0.7 pp |
| 2007 | 92.7% | CA$1.13 Billion | CA$82.67 Million | CA$1.77 Billion | ▲ +0.9 pp |
| 2006 | 91.8% | CA$1.42 Billion | CA$116.28 Million | CA$2.02 Billion | ▼ -8.2 pp |
| 2005 | 100.0% | CA$327.87 Million | CA$0.00 | CA$508.62 Million | ▲ +0.2 pp |
| 2004 | 99.8% | CA$267.98 Million | CA$650.00K | CA$400.71 Million | ▼ -0.2 pp |
| 2003 | 100.0% | CA$224.33 Million | CA$0.00 | CA$381.64 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$194.69 Million | CA$0.00 | CA$294.53 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$176.52 Million | CA$0.00 | CA$231.54 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$158.53 Million | CA$0.00 | CA$229.00 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$133.40 Million | CA$0.00 | CA$176.80 Million | ▲ +25.2 pp |
| 1998 | 74.8% | CA$111.20 Million | CA$28.00 Million | CA$145.00 Million | ▼ -25.2 pp |
| 1997 | 100.0% | CA$95.90 Million | CA$0.00 | CA$137.30 Million | ▲ +0.0 pp |
| 1996 | 100.0% | CA$75.90 Million | CA$0.00 | CA$114.00 Million | — |