Mustang Industrial (5460) — Cash Flow Quality Index
Mustang Industrial (5460) has a Cash Flow Quality Index of 1.08x as of March 2026. Operating cash flow of NT$5.60 Million exceeds net income of NT$5.19 Million, indicating high earnings quality where cash backs reported profits. Explore Mustang Industrial cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Mustang Industrial Cash Flow Quality Index (2017–2024)
Historical Cash Flow Quality Index for Mustang Industrial across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Mustang Industrial operating cash flow efficiency.
Annual Cash Flow Quality Index for Mustang Industrial (2017–2024)
Year-by-year earnings quality comparison for Mustang Industrial.
| Year | Quality Index | Operating CF (TWD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.10x | NT$27.73 Million | NT$13.20 Million | ▼ -72.8% |
| 2021 | 7.71x | NT$30.50 Million | NT$3.96 Million | ▼ -90.0% |
| 2020 | 77.22x | NT$163.94 Million | NT$2.12 Million | ▲ +3270.1% |
| 2019 | 2.29x | NT$112.49 Million | NT$49.09 Million | ▼ -59.8% |
| 2018 | 5.69x | NT$122.59 Million | NT$21.53 Million | ▲ +124.3% |
| 2017 | 2.54x | NT$83.97 Million | NT$33.08 Million | — |