Mullen Automotive (MULN)

Net assets on the balance sheet as of September 2024 : -£12.82 Million

According to Mullen Automotive's latest financial reports the company has -£12.82 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Mullen Automotive - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-09-30	$£0.22 B	59.17%
2022-09-30	$£0.14 B	-405.73%
2021-09-30	$-£45.97 Million	39.14%
2020-09-30	$-£33.04 Million	19.88%
2019-09-30	$-£27.56 Million

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Mullen Automotive (MULN) - Net assets