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. See MTL net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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. See MTL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see MTL market cap overview.
| 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 | — |