Mullen Group Ltd. (MTL) — Working Capital to Net Assets Ratio
Mullen Group Ltd. (MTL) has a Working Capital to Net Assets ratio of 26.6% as of December 2025. Working capital of CA$303.63 Million (current assets of CA$563.77 Million minus current liabilities of CA$260.14 Million) is measured against net assets of CA$1.14 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MTL equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mullen Group Ltd. Working Capital to Net Assets (1996–2025)
This chart shows how Mullen Group Ltd.'s Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2025. As of December 2025, the ratio stands at 26.6%, reflecting working capital of CA$303.63 Million against net assets of CA$1.14 Billion CAD. Check MTL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Mullen Group Ltd. (1996–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mullen Group Ltd. from 1996 to 2025, covering 30 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see MTL market cap.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 26.6% | CA$303.63 Million | CA$1.14 Billion | CA$563.77 Million | CA$260.14 Million | ▼ -1.1 pp |
| 2024 | 27.7% | CA$281.49 Million | CA$1.02 Billion | CA$494.43 Million | CA$212.94 Million | ▲ +39.9 pp |
| 2023 | -12.2% | CA$-119.14 Million | CA$974.88 Million | CA$383.25 Million | CA$502.39 Million | ▼ -26.6 pp |
| 2022 | 14.4% | CA$140.33 Million | CA$973.40 Million | CA$360.32 Million | CA$219.99 Million | ▲ +8.7 pp |
| 2021 | 5.7% | CA$50.80 Million | CA$888.66 Million | CA$309.11 Million | CA$258.31 Million | ▼ -21.0 pp |
| 2020 | 26.7% | CA$239.10 Million | CA$896.42 Million | CA$345.30 Million | CA$106.20 Million | ▲ +0.2 pp |
| 2019 | 26.5% | CA$243.31 Million | CA$917.92 Million | CA$349.33 Million | CA$106.02 Million | ▲ +11.8 pp |
| 2018 | 14.7% | CA$131.70 Million | CA$898.08 Million | CA$272.12 Million | CA$140.42 Million | ▼ -3.7 pp |
| 2017 | 18.3% | CA$181.59 Million | CA$989.73 Million | CA$358.11 Million | CA$176.52 Million | ▼ -7.0 pp |
| 2016 | 25.3% | CA$243.12 Million | CA$960.41 Million | CA$469.20 Million | CA$226.08 Million | ▲ +2.1 pp |
| 2015 | 23.2% | CA$187.07 Million | CA$806.64 Million | CA$353.12 Million | CA$166.06 Million | ▼ -27.9 pp |
| 2014 | 51.1% | CA$460.49 Million | CA$900.94 Million | CA$589.19 Million | CA$128.70 Million | ▲ +26.6 pp |
| 2013 | 24.5% | CA$220.83 Million | CA$900.11 Million | CA$344.13 Million | CA$123.30 Million | ▼ -4.2 pp |
| 2012 | 28.8% | CA$237.94 Million | CA$827.12 Million | CA$387.04 Million | CA$149.10 Million | ▼ -1.9 pp |
| 2011 | 30.6% | CA$215.85 Million | CA$704.30 Million | CA$378.76 Million | CA$162.91 Million | ▲ +10.1 pp |
| 2010 | 20.5% | CA$242.70 Million | CA$1.18 Billion | CA$389.78 Million | CA$147.08 Million | ▼ -3.0 pp |
| 2009 | 23.6% | CA$275.24 Million | CA$1.17 Billion | CA$392.48 Million | CA$117.24 Million | ▲ +9.8 pp |
| 2008 | 13.8% | CA$152.45 Million | CA$1.11 Billion | CA$279.56 Million | CA$127.11 Million | ▼ -1.9 pp |
| 2007 | 15.7% | CA$177.42 Million | CA$1.13 Billion | CA$293.83 Million | CA$116.41 Million | ▲ +5.0 pp |
| 2006 | 10.7% | CA$152.00 Million | CA$1.42 Billion | CA$293.45 Million | CA$141.45 Million | ▼ -3.2 pp |
| 2005 | 13.9% | CA$45.53 Million | CA$327.87 Million | CA$128.79 Million | CA$83.26 Million | ▲ +1.3 pp |
| 2004 | 12.6% | CA$33.77 Million | CA$267.98 Million | CA$89.84 Million | CA$56.07 Million | ▼ -4.3 pp |
| 2003 | 17.0% | CA$38.02 Million | CA$224.33 Million | CA$87.54 Million | CA$49.51 Million | ▼ -0.1 pp |
| 2002 | 17.0% | CA$33.18 Million | CA$194.69 Million | CA$74.58 Million | CA$41.40 Million | ▼ -6.1 pp |
| 2001 | 23.2% | CA$40.89 Million | CA$176.52 Million | CA$70.53 Million | CA$29.64 Million | ▲ +2.5 pp |
| 2000 | 20.6% | CA$32.73 Million | CA$158.53 Million | CA$76.52 Million | CA$43.80 Million | ▼ -5.7 pp |
| 1999 | 26.3% | CA$35.10 Million | CA$133.40 Million | CA$58.50 Million | CA$23.40 Million | ▲ +9.0 pp |
| 1998 | 17.4% | CA$19.30 Million | CA$111.20 Million | CA$41.30 Million | CA$22.00 Million | ▼ -30.1 pp |
| 1997 | 47.4% | CA$45.50 Million | CA$95.90 Million | CA$71.20 Million | CA$25.70 Million | ▲ +9.2 pp |
| 1996 | 38.2% | CA$29.00 Million | CA$75.90 Million | CA$49.90 Million | CA$20.90 Million | — |