Mullen Historical Balance Sheet

MTL Stock

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Trend analysis of Mullen Group balance sheet accounts such as Total Current Liabilities of 527.5 M provides information on Mullen's total assets, liabilities, and equity, which is the actual value of Mullen Group to its prevalent stockholders. By breaking down trends over time using Mullen balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Mullen Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mullen Group is a good buy for the upcoming year.

Mullen Inventory

30.82 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mullen Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Mullen Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Mullen Group at a specified time, usually calculated after every quarter, six months, or one year. Mullen Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mullen and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mullen currently owns. An asset can also be divided into two categories, current and non-current.

Mullen Balance Sheet Chart

At this time, Mullen's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 25th of November 2024, Short Term Debt is likely to grow to about 359.3 M, while Total Assets are likely to drop about 1.4 B.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Accounts Payable

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Total Assets

Total assets refers to the total amount of Mullen assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mullen Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Mullen balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mullen Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Mullen obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Mullen Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most accounts from Mullen's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Mullen Group current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mullen Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	745.3M	712.3M	764.1M	428.4M
Total Assets	1.9B	2.0B	2.0B	1.4B

Short Long Term Debt Total Total Assets

Mullen balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Good Will	Intangible Assets	Current Deferred Revenue
Total Assets		0.93	0.69	0.35	0.96	0.98	0.69	0.0	0.18	0.2	0.98	0.45	0.2	0.79	0.93	0.9	0.89	0.27	-0.15	0.97	0.58	0.77	0.24	0.76	-0.38	-0.84
Short Long Term Debt Total	0.93		0.65	0.34	0.82	0.9	0.72	-0.07	0.01	0.23	0.92	0.55	0.23	0.6	0.78	0.88	0.74	0.32	-0.38	0.96	0.57	0.69	0.33	0.78	-0.3	-0.79
Other Current Liab	0.69	0.65		0.55	0.7	0.67	0.77	0.38	-0.05	-0.13	0.71	0.24	-0.13	0.64	0.58	0.55	0.67	0.47	-0.28	0.64	0.81	0.42	0.35	0.67	-0.06	-0.5
Total Current Liabilities	0.35	0.34	0.55		0.32	0.28	0.73	0.53	0.28	-0.3	0.38	-0.21	-0.3	0.35	0.19	0.06	0.48	0.62	0.0	0.35	0.85	0.13	0.44	0.68	0.11	-0.27
Total Stockholder Equity	0.96	0.82	0.7	0.32		0.94	0.61	0.0	0.07	0.21	0.94	0.43	0.21	0.74	0.97	0.8	0.84	0.18	-0.1	0.85	0.53	0.73	0.19	0.72	-0.48	-0.86
Property Plant And Equipment Net	0.98	0.9	0.67	0.28	0.94		0.68	-0.1	0.13	0.09	0.99	0.51	0.09	0.81	0.94	0.87	0.87	0.26	-0.17	0.94	0.55	0.67	0.11	0.7	-0.33	-0.8
Net Debt	0.69	0.72	0.77	0.73	0.61	0.68		0.09	0.16	-0.36	0.76	0.4	-0.36	0.59	0.57	0.56	0.65	0.69	-0.26	0.7	0.93	0.23	0.24	0.84	0.04	-0.55
Retained Earnings	0.0	-0.07	0.38	0.53	0.0	-0.1	0.09		0.25	0.03	-0.06	-0.71	0.03	0.19	-0.21	-0.17	0.25	0.2	0.08	0.0	0.37	0.2	0.5	0.14	0.14	0.04
Accounts Payable	0.18	0.01	-0.05	0.28	0.07	0.13	0.16	0.25		-0.23	0.15	-0.34	-0.23	0.56	0.12	0.19	0.49	0.26	0.69	0.26	0.27	0.2	0.06	0.06	0.24	-0.03
Cash	0.2	0.23	-0.13	-0.3	0.21	0.09	-0.36	0.03	-0.23		0.03	-0.03	1.0	-0.21	0.15	0.32	0.01	-0.55	-0.17	0.17	-0.42	0.7	0.42	-0.05	-0.72	-0.35
Non Current Assets Total	0.98	0.92	0.71	0.38	0.94	0.99	0.76	-0.06	0.15	0.03		0.52	0.03	0.8	0.93	0.86	0.87	0.34	-0.18	0.95	0.64	0.63	0.13	0.8	-0.28	-0.81
Non Currrent Assets Other	0.45	0.55	0.24	-0.21	0.43	0.51	0.4	-0.71	-0.34	-0.03	0.52		-0.03	0.12	0.54	0.55	0.12	0.03	-0.4	0.44	0.14	0.06	-0.29	0.43	-0.14	-0.44
Cash And Short Term Investments	0.2	0.23	-0.13	-0.3	0.21	0.09	-0.36	0.03	-0.23	1.0	0.03	-0.03		-0.21	0.15	0.32	0.01	-0.55	-0.17	0.17	-0.42	0.7	0.42	-0.05	-0.72	-0.35
Net Receivables	0.79	0.6	0.64	0.35	0.74	0.81	0.59	0.19	0.56	-0.21	0.8	0.12	-0.21		0.75	0.66	0.94	0.35	0.26	0.77	0.62	0.53	0.1	0.47	0.04	-0.5
Common Stock Shares Outstanding	0.93	0.78	0.58	0.19	0.97	0.94	0.57	-0.21	0.12	0.15	0.93	0.54	0.15	0.75		0.82	0.81	0.09	-0.04	0.83	0.44	0.66	0.04	0.64	-0.46	-0.81
Non Current Liabilities Total	0.9	0.88	0.55	0.06	0.8	0.87	0.56	-0.17	0.19	0.32	0.86	0.55	0.32	0.66	0.82		0.74	0.14	-0.22	0.91	0.38	0.77	0.2	0.57	-0.45	-0.79
Inventory	0.89	0.74	0.67	0.48	0.84	0.87	0.65	0.25	0.49	0.01	0.87	0.12	0.01	0.94	0.81	0.74		0.3	0.13	0.87	0.66	0.7	0.31	0.61	-0.17	-0.68
Other Current Assets	0.27	0.32	0.47	0.62	0.18	0.26	0.69	0.2	0.26	-0.55	0.34	0.03	-0.55	0.35	0.09	0.14	0.3		0.03	0.33	0.73	-0.05	0.23	0.51	0.42	-0.11
Other Stockholder Equity	-0.15	-0.38	-0.28	0.0	-0.1	-0.17	-0.26	0.08	0.69	-0.17	-0.18	-0.4	-0.17	0.26	-0.04	-0.22	0.13	0.03		-0.18	-0.05	0.0	-0.06	-0.29	0.3	0.27
Total Liab	0.97	0.96	0.64	0.35	0.85	0.94	0.7	0.0	0.26	0.17	0.95	0.44	0.17	0.77	0.83	0.91	0.87	0.33	-0.18		0.59	0.75	0.27	0.74	-0.26	-0.77
Property Plant And Equipment Gross	0.58	0.57	0.81	0.85	0.53	0.55	0.93	0.37	0.27	-0.42	0.64	0.14	-0.42	0.62	0.44	0.38	0.66	0.73	-0.05	0.59		0.21	0.33	0.79	0.21	-0.4
Total Current Assets	0.77	0.69	0.42	0.13	0.73	0.67	0.23	0.2	0.2	0.7	0.63	0.06	0.7	0.53	0.66	0.77	0.7	-0.05	0.0	0.75	0.21		0.55	0.4	-0.6	-0.7
Short Term Debt	0.24	0.33	0.35	0.44	0.19	0.11	0.24	0.5	0.06	0.42	0.13	-0.29	0.42	0.1	0.04	0.2	0.31	0.23	-0.06	0.27	0.33	0.55		0.23	-0.19	-0.34
Good Will	0.76	0.78	0.67	0.68	0.72	0.7	0.84	0.14	0.06	-0.05	0.8	0.43	-0.05	0.47	0.64	0.57	0.61	0.51	-0.29	0.74	0.79	0.4	0.23		-0.15	-0.69
Intangible Assets	-0.38	-0.3	-0.06	0.11	-0.48	-0.33	0.04	0.14	0.24	-0.72	-0.28	-0.14	-0.72	0.04	-0.46	-0.45	-0.17	0.42	0.3	-0.26	0.21	-0.6	-0.19	-0.15		0.65
Current Deferred Revenue	-0.84	-0.79	-0.5	-0.27	-0.86	-0.8	-0.55	0.04	-0.03	-0.35	-0.81	-0.44	-0.35	-0.5	-0.81	-0.79	-0.68	-0.11	0.27	-0.77	-0.4	-0.7	-0.34	-0.69	0.65

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Mullen Account Relationship Matchups

Mullen balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.7B	1.9B	2.0B	2.0B	1.4B
Short Long Term Debt Total	616.8M	607.9M	745.3M	712.3M	764.1M	428.4M
Other Current Liab	65.0M	65.9M	96.1M	122.3M	96.0M	100.8M
Total Current Liabilities	106.0M	106.2M	258.3M	220.0M	502.4M	527.5M
Total Stockholder Equity	917.9M	896.4M	888.7M	973.4M	974.9M	762.8M
Property Plant And Equipment Net	991.4M	971.3M	1.1B	1.1B	1.1B	660.6M
Net Debt	537.8M	502.5M	826.6M	703.5M	761.8M	799.9M
Retained Earnings	(55.0M)	(24.2M)	2.3M	97.5M	142.1M	149.2M
Accounts Payable	30.3M	28.8M	55.2M	53.6M	55.2M	53.7M
Cash	79.0M	105.3M	(81.3M)	8.8M	2.3M	2.2M
Non Current Assets Total	1.4B	1.4B	1.6B	1.6B	1.7B	1.1B
Non Currrent Assets Other	44.8M	39.3M	42.9M	48.5M	2.2M	2.1M
Cash And Short Term Investments	79.0M	105.3M	(81.3M)	8.8M	2.3M	2.2M
Net Receivables	221.8M	196.0M	254.9M	290.4M	287.0M	177.6M
Common Stock Shares Outstanding	104.8M	100.6M	96.1M	102.4M	99.1M	83.1M
Liabilities And Stockholders Equity	1.7B	1.7B	1.9B	2.0B	2.0B	1.4B
Non Current Liabilities Total	725.3M	715.3M	775.0M	802.7M	564.4M	482.4M
Inventory	33.0M	30.1M	35.1M	42.0M	47.7M	30.8M
Other Current Assets	788K	1.1M	100.3M	19.1M	46.3M	48.6M
Other Stockholder Equity	16.9M	36.6M	31.7M	27.7M	20.1M	19.1M
Total Liab	831.4M	821.5M	1.0B	1.0B	1.1B	620.3M
Property Plant And Equipment Gross	991.4M	971.5M	1.9B	1.9B	2.0B	2.1B
Total Current Assets	349.3M	345.3M	309.1M	360.3M	383.3M	286.7M
Short Term Debt	10.7M	11.5M	107.0M	44.0M	342.2M	359.3M
Good Will	268.7M	271.3M	358.7M	366.0M	367.1M	355.8M
Intangible Assets	48.5M	45.9M	99.2M	99.6M	91.0M	50.9M
Short Term Investments	788K	1.1M	364K	155K	139.5K	132.5K
Other Liab	119.2M	118.9M	136.7M	134.5M	121.0M	103.3M
Net Tangible Assets	600.8M	579.2M	430.8M	507.8M	457.0M	442.5M
Other Assets	52.9M	48.4M	52.5M	55.1M	63.4M	45.6M
Long Term Debt	576.2M	572.8M	575.0M	597.4M	349.1M	437.0M
Long Term Investments	40.8M	35.8M	38.5M	45.6M	43.2M	33.6M
Property Plant Equipment	991.4M	971.3M	1.1B	1.1B	1.2B	1.1B
Long Term Debt Total	606.1M	596.4M	638.3M	668.3M	768.5M	648.5M
Capital Surpluse	16.9M	36.6M	22.6M	18.6M	21.4M	20.4M

Pair Trading with Mullen

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mullen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mullen will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mullen Stock

0.81	MFC	Manulife Financial Corp	Pair Corr
0.82	TRP	TC Energy Corp	Pair Corr

Moving against Mullen Stock

0.6	TD	Toronto Dominion Bank	Pair Corr
0.55	T	Telus Corp	Pair Corr

The ability to find closely correlated positions to Mullen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mullen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mullen Group to buy it.

The correlation of Mullen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mullen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Mullen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Mullen Stock

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Mullen Historical Balance Sheet

Mullen Inventory

30.82 Million

About Mullen Balance Sheet Analysis

Mullen Balance Sheet Chart

Total Assets

Total Current Liabilities

Accounts Payable

Mullen balance sheet Correlations

Mullen Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mullen balance sheet Accounts

Pair Trading with Mullen

Moving together with Mullen Stock

Moving against Mullen Stock

Other Information on Investing in Mullen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.97	Total Assets
Common Stock Shares Outstanding	+ 0.97	Total Stockholder Equity

Current Deferred Revenue	- 0.86	Total Stockholder Equity
Current Deferred Revenue	- 0.84	Total Assets
Current Deferred Revenue	- 0.81	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.81	Non Current Assets Total
Current Deferred Revenue	- 0.8	Property Plant And Equipment Net
Current Deferred Revenue	- 0.79	Non Current Liabilities Total