Mullen Group (FRA:9MU) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Mullen Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Mullen Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.41.

Mullen Group's long-term debt to total assets ratio increased from Dec. 2023 (0.21) to Dec. 2024 (0.41). It may suggest that Mullen Group is progressively becoming more dependent on debt to grow their business.

Mullen Group LT-Debt-to-Total-Asset Historical Data

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

* Premium members only.

Mullen Group LT-Debt-to-Total-Asset Chart

Mullen Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.35

0.33

0.34

0.21

0.41

Mullen Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.21	0.24	0.36	0.41

Mullen Group LT-Debt-to-Total-Asset Calculation

Mullen Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	639.548	/	1563.505
	=	0.41

Mullen Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	639.548	/	1563.505
	=	0.41

Mullen Group (FRA:9MU) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Mullen Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Mullen Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Mullen Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (FRA:9MU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany MTL:Canada

Address

121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

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.

Mullen Group Headlines

No Headlines