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Mullen Automotive (Mullen Automotive) Effective Interest Rate on Debt % : 5.86% (As of Mar. 2024)


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What is Mullen Automotive Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Mullen Automotive's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.04 Mil. Mullen Automotive's average total debt for the quarter that ended in Mar. 2024 was $17.74 Mil. Therefore, Mullen Automotive's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.86%.


Mullen Automotive Effective Interest Rate on Debt % Historical Data

The historical data trend for Mullen Automotive's Effective Interest Rate on 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.

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Mullen Automotive Effective Interest Rate on Debt % Chart

Mullen Automotive Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
96.37 55.32 54.94 96.74 37.02

Mullen Automotive Quarterly Data
Sep19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % 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 12.82 17.87 -12.76 6.42 5.86

Competitive Comparison of Mullen Automotive's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Mullen Automotive's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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 Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mullen Automotive's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mullen Automotive's Effective Interest Rate on Debt % falls into.



Mullen Automotive Effective Interest Rate on Debt % Calculation

Mullen Automotive's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -4.993/( (13.809+13.163)/ 2 )
=-1  *  -4.993/13.486
=37.02 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.524 + 5.285
=13.809

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.567 + 9.596
=13.163

Mullen Automotive's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -1.04/( (18.991+16.498)/ 2 )
=-1  *  -1.04/17.7445
=5.86 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.231 + 9.76
=18.991

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.638 + 3.86
=16.498

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Mullen Automotive  (NAS:MULN) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Mullen Automotive Effective Interest Rate on Debt % Related Terms

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Mullen Automotive (Mullen Automotive) Business Description

Traded in Other Exchanges
N/A
Address
1405 Pioneer Street, Brea, CA, USA, 92821
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