Mullen Net Debt vs Good Will Analysis

MTL Stock

CAD 15.47 0.13 0.85%

Mullen financial indicator trend analysis is infinitely more than just investigating Mullen Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mullen Group is a good investment. Please check the relationship between Mullen Net Debt and its Good Will accounts. 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.

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mullen Group Net Debt account and Good Will. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Mullen's Net Debt and Good Will is 0.84. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Mullen Group, assuming nothing else is changed. The correlation between historical values of Mullen's Net Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Mullen Group are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., Mullen's Net Debt and Good Will go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Mullen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

As of the 22nd of November 2024, Selling General Administrative is likely to drop to about 133.1 M. In addition to that, Tax Provision is likely to drop to about 28.8 M

	2021	2022	2023	2024 (projected)
Gross Profit	308.1M	459.0M	473.9M	276.2M
Total Revenue	1.5B	2.0B	2.0B	1.1B

Gross Profit Total Revenue

Mullen fundamental ratios 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 fundamental ratios 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

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

Moving against Mullen Stock

0.59	TD	Toronto Dominion Bank	Pair Corr
0.51	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

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.

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Mullen Net Debt vs Good Will Analysis

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

Correlation Coefficient

Net Debt

Good Will

Mullen fundamental ratios Correlations

Mullen Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mullen fundamental ratios 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