Mustang Industrial (5460) — Net Asset Quality Index
Mustang Industrial (5460) has a Net Asset Quality Index of 89.5% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of NT$811.38 Million minus total liabilities of NT$84.79 Million yields net assets of NT$726.59 Million. A higher index indicates a stronger, lower-leverage balance sheet. See Mustang Industrial defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Mustang Industrial Net Asset Quality Index Over Time (2017–2025)
This chart shows how Mustang Industrial's Net Asset Quality Index has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the index stands at 89.5%, representing net assets of NT$726.59 Million against total assets of NT$811.38 Million TWD. Explore 5460 cash generation efficiency to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Mustang Industrial (2017–2025)
The table below presents the year-by-year Net Asset Quality Index for Mustang Industrial from 2017 to 2025, covering 9 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see Mustang Industrial (5460) total market value.
| Year | Quality Index | Net Assets (TWD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 89.5% | NT$726.59 Million | NT$811.38 Million | NT$84.79 Million | ▲ +0.7 pp |
| 2024 | 88.8% | NT$735.08 Million | NT$827.59 Million | NT$92.52 Million | ▲ +1.1 pp |
| 2023 | 87.7% | NT$710.67 Million | NT$810.54 Million | NT$99.87 Million | ▲ +1.7 pp |
| 2022 | 86.0% | NT$729.53 Million | NT$848.22 Million | NT$118.69 Million | ▲ +2.0 pp |
| 2021 | 84.0% | NT$743.86 Million | NT$885.05 Million | NT$141.20 Million | ▲ +2.3 pp |
| 2020 | 81.8% | NT$777.18 Million | NT$950.29 Million | NT$173.12 Million | ▲ +4.1 pp |
| 2019 | 77.7% | NT$811.79 Million | NT$1.04 Billion | NT$232.56 Million | ▲ +2.7 pp |
| 2018 | 75.0% | NT$909.16 Million | NT$1.21 Billion | NT$302.97 Million | ▼ -2.5 pp |
| 2017 | 77.5% | NT$926.02 Million | NT$1.19 Billion | NT$268.57 Million | — |