Mullen Automotive (MULN)

Net assets on the balance sheet as of June 2024 : S$71.01 Million

According to Mullen Automotive's latest financial reports the company has S$71.01 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	$S$0.37 B	65.9%
2022-09-30	$S$0.22 B	-367.36%
2021-09-30	$-S$84.03 Million	44.5%
2020-09-30	$-S$58.15 Million	24.29%
2019-09-30	$-S$46.79 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