MLLGF (Mullen Group) Debt-to-Asset : 0.40 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MLLGF Mullen Group Ltd MLLGF
79 GF Score
Price $19.03
GF Value $11.87
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Mullen Group Debt-to-Asset?

Mullen Group MLLGF 79 Debt-to-Asset is 0.40 as of Jun. 2026. GuruFocus rates MLLGF with a GF Score™ of 79/100 and a GF Value™ of $11.87 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Mullen Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $33 Mil. Mullen Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $713 Mil. Mullen Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2026 was $1,867 Mil. Mullen Group's debt to asset for the quarter that ended in Jun. 2026 was 0.40.


Mullen Group  (OTCPK:MLLGF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Mullen Group Debt-to-Asset Related Terms


Mullen Group Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Mullen Group's Debt-to-Asset 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.

Mullen Group Debt-to-Asset Chart

Mullen Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.36 0.37 0.43 0.41

Mullen Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.45 0.41 0.41 0.40

MLLGF vs ODFL, XPO, KNX: Debt-to-Asset Comparison

For the Trucking subindustry, Mullen Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Group Debt-to-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's Debt-to-Asset distribution charts can be found below:

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


MLLGF
79GF Score
Mullen Group Ltd MLLGF
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mullen Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mullen Group's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(33.303 + 731.139) / 1863.244
=0.41

Mullen Group's Debt-to-Asset for the quarter that ended in Jun. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(32.827 + 712.778) / 1867.276
=0.40

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.40 mean?
Mullen Group (MLLGF) has a Debt-to-Asset of 0.40 as of Jun. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Mullen Group and its competitors.
Is Mullen Group's Debt-to-Asset too high?
Mullen Group's current Debt-to-Asset is 0.40. Overall, Mullen Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's Debt-to-Asset compare to ODFL and XPO?
Mullen Group's Debt-to-Asset of 0.40 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Transportation company?
A good Debt-to-Asset depends on the Transportation industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Mullen Group and its competitors. Mullen Group's current Debt-to-Asset is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (MLLGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.87, compared to a current price of $19.03 — trading 60.3% above its estimated fair value. The current Debt-to-Asset is 0.40. Mullen Group's overall GF Score™ is 79/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Mullen Group (MLLGF), the current Debt-to-Asset is 0.40 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mullen Group (MLLGF) Overvalued in 2026?

Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued. The current stock price of $19.03 is trading 60.3% above its estimated GF Value™ of $11.87. GuruFocus considers Mullen Group to be Significantly Overvalued.

Key valuation signals for MLLGF:

  • Debt-to-Asset: 0.40
  • GF Value™: $11.87 vs. price of $19.03 (60.3% above fair value)
  • GF Score™: 79/100 with 9 warning signs

No single metric tells the full story. See the MLLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mullen Group Business Description

Other Exchanges 9MU:GermanyMTL:Canada
Address 121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
79GF Score

Get the complete analysis for MLLGF

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.03
Price
$11.87
GF Value