Mullen Automotive (MULN)

Net assets on the balance sheet as of September 2024 : -HK$0.13 Billion

According to Mullen Automotive's latest financial reports the company has -HK$0.13 Billion 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	$HK$2.13 B	73.4%
2022-09-30	$HK$1.23 B	-356.45%
2021-09-30	$-HK$0.49 Billion	45.85%
2020-09-30	$-HK$0.33 Billion	24.02%
2019-09-30	$-HK$0.27 Billion

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