Mullen Automotive (Mullen Automotive) Cash-to-Debt : 1.36 (As of Mar. 2024)

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What is Mullen Automotive Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Mullen Automotive's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.36.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Mullen Automotive could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Mullen Automotive's Cash-to-Debt or its related term are showing as below:

MULN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 3.3 Max: 16.17
Current: 4.29

During the past 5 years, Mullen Automotive's highest Cash to Debt Ratio was 16.17. The lowest was 0.00. And the median was 3.30.

MULN's Cash-to-Debt is ranked better than
80.2% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs MULN: 4.29

Mullen Automotive Cash-to-Debt Historical Data

The historical data trend for Mullen Automotive's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Mullen Automotive Cash-to-Debt Chart

Mullen Automotive Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.07

3.92

11.80

Mullen Automotive Quarterly Data
	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												4.31	16.17	11.80	4.29	1.36

Competitive Comparison of Mullen Automotive's Cash-to-Debt

For the Auto Manufacturers subindustry, Mullen Automotive's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mullen Automotive's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mullen Automotive's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mullen Automotive's Cash-to-Debt falls into.

Mullen Automotive Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Mullen Automotive's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	155.267	/	(9.596	+	3.567)
	=	11.80

Mullen Automotive's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	22.378	/	(3.86	+	12.638)
	=	1.36

Mullen Automotive (NAS:MULN) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Mullen Automotive Cash-to-Debt Related Terms

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Mullen Automotive (Mullen Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mullen Automotive Inc (NAS:MULN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1405 Pioneer Street, Brea, CA, USA, 92821

Website

https://www.mullenusa.com

Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. The Company owns and partners with several synergistic businesses, all working towards the same goal of creating clean and scalable electric vehicles and energy solutions. The company has two segments Bollinger and Mullen/ELMS, which generates revenue.

Executives

David Michery	director, officer: CEO, President	1875 CENTURY PARK EAST, 6TH FLOOR, SUITE 73, CENTURY CITY CA 90067
Chester A. Bragado	officer: CAO	1405 PIONEER STREET, BREA CA 92821
Jonathan New	officer: Chief Financial Officer	12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
Kent Puckett	director	1405 PIONEER STREET, BREA CA 92821
John Kevin Andersen	director	1405 PIONEER STREET, BREA CA 92821
Calin Popa	officer: Pres. Mullen Automotive	1405 PIONEER STREET, BREA CA 92821
Ignacio Novoa	director	1405 PIONEER STREET, BREA CA 92821
Jerry Alban	director, officer: COO	1405 PIONEER STREET, BREA CA 92821
Mark Betor	director	1405 PIONEER STREET, BREA CA 92821
Kerri Sadler	officer: CFO	1405 PIONEER STREET, BREA CA 92821
William Miltner	director	1405 PIONEER STREET, BREA CA 92821
Mary Winter	director, officer: Secretary	1405 PIONEER STREET, BREA CA 92821
Todd Raarup	director	133 PROSPECTOR LANE 4102, ASPEN CO 81611
John Roland	director	3370 NE 190 STREET APT. 2108, AVENTURA FL 33180
John Joseph Wiegand	director	1250 EASTON ROAD, SUITE 190 A, HORSHAM PA 19044