Mullen Automotive (MULN)

Net assets on the balance sheet as of September 2024 : -$16.55 Million USD

According to Mullen Automotive's latest financial reports the company has -$16.55 Million USD 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	$$0.27 B	73.81%
2022-09-30	$$0.15 B	-354.34%
2021-09-30	$-$61.72 Million	45.19%
2020-09-30	$-$42.51 Million	25.47%
2019-09-30	$-$33.88 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