Mullen Automotive (HAM:1N50) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Mullen Automotive Debt-to-Equity?

Mullen Automotive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3.55 Mil. Mullen Automotive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €11.63 Mil. Mullen Automotive's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €87.48 Mil. Mullen Automotive's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

HAM:1N50' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.05 Med: 0.06 Max: 0.57
Current: 0.17

During the past 5 years, the highest Debt-to-Equity Ratio of Mullen Automotive was 0.57. The lowest was -2.05. And the median was 0.06.

HAM:1N50's Debt-to-Equity is ranked better than
75.47% of 1178 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HAM:1N50: 0.17

Mullen Automotive Debt-to-Equity Historical Data

The historical data trend for Mullen Automotive's Debt-to-Equity 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.

* Premium members only.

Mullen Automotive Debt-to-Equity Chart

Mullen Automotive Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

-0.89

-0.83

-0.68

0.24

0.06

Mullen Automotive Quarterly Data
	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.08	0.05	0.06	0.09	0.17

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

For the Auto Manufacturers subindustry, Mullen Automotive's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Mullen Automotive Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.991	+	3.342)	/	195.789
	=	0.06

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.551	+	11.627)	/	87.481
	=	0.17

Mullen Automotive (HAM:1N50) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mullen Automotive Debt-to-Equity Related Terms

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Mullen Automotive (HAM:1N50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mullen Automotive Inc (HAM:1N50) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MULN:USA 1N50:Germany

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.

Mullen Automotive (HAM:1N50) Headlines

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