Mullen Automotive (STU:1N5) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2024)

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What is Mullen Automotive 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 Automotive's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.06.

Mullen Automotive's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.06). It may suggest that Mullen Automotive is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Mullen Automotive'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.

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

Mullen Automotive Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.45

0.08

0.12

0.03

0.01

Mullen Automotive Quarterly Data
	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.01	0.01	0.02	0.06	0.06

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

Mullen Automotive's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	3.342	/	395.139
	=	0.01

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	11.462	/	178.675
	=	0.06

Mullen Automotive (STU:1N5) 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 Automotive LT-Debt-to-Total-Asset Related Terms

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Mullen Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mullen Automotive Inc (STU:1N5) » Definitions » LT-Debt-to-Total-Asset

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MULN:USA

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.

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