Mullen Group (TSX:MTL) Debt-to-Equity : 0.80 (As of Mar. 2024)

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What is Mullen Group Debt-to-Equity?

Mullen Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$362 Mil. Mullen Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$425 Mil. Mullen Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$982 Mil. Mullen Group's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Mullen Group's Debt-to-Equity or its related term are showing as below:

TSX:MTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.71 Max: 0.97
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Mullen Group was 0.97. The lowest was 0.46. And the median was 0.71.

TSX:MTL's Debt-to-Equity is ranked worse than
60.97% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs TSX:MTL: 0.80

Mullen Group Debt-to-Equity Historical Data

The historical data trend for Mullen Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mullen Group Debt-to-Equity Chart

Mullen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.67

0.68

0.84

0.73

0.78

Mullen Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.81	0.86	0.84	0.78	0.80

Competitive Comparison of Mullen Group's Debt-to-Equity

For the Trucking subindustry, Mullen Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mullen Group's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mullen Group's Debt-to-Equity falls into.

Mullen Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mullen Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(342.174	+	421.91)	/	974.884
	=	0.78

Mullen Group's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(362.332	+	424.549)	/	981.634
	=	0.80

Mullen Group (TSX:MTL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mullen Group Debt-to-Equity Related Terms

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Mullen Group (TSX:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (TSX:MTL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany

Address

121A - 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.