White Horse Bhd Total Assets
White Horse Bhd total assets. Based on the latest financial reports, White Horse Bhd (5009) holds total assets worth RM658.34 Million MYR (≈ $165.29 Million USD) as of June 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see 5009 cash flow conversion for how efficiently the company converts equity into cash flow.
Total Assets of White Horse Bhd (2011–2025)
Total assets of White Horse Bhd from 2011 to 2025. This chart illustrates how White Horse Bhd's total assets have evolved over time, based on quarterly financial data. See 5009 stock price for real-time trading data and today's change.
White Horse Bhd - Asset Composition Analysis
White Horse Bhd Total Assets Breakdown (December 2025)
White Horse Bhd total assets breakdown as of December 2025. White Horse Bhd's total assets of RM658.34 Million consist of 63.2% current assets and 36.8% non-current assets. Explore White Horse Bhd (5009) liquidity to equity ratio to assess how much short-term liquidity the company maintains relative to its equity base.
| Asset Category | Amount (MYR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | RM0.00 | 7.1% |
| Accounts Receivable | RM70.15 Million | 10.5% |
| Inventory | RM165.10 Million | 24.6% |
| Property, Plant & Equipment | RM246.03 Million | 36.7% |
| Intangible Assets | RM0.00 | 0.0% |
| Goodwill | RM677.00K | 0.1% |
Asset Composition Trend (2011–2025)
This chart illustrates how White Horse Bhd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: White Horse Bhd's current assets represent 63.2% of total assets in 2025, an increase from 51.7% in 2011.
- Cash Position: Cash and equivalents constituted 7.1% of total assets in 2025, down from 8.5% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2011.
- Asset Diversification: The largest asset category is property, plant & equipment at 36.7% of total assets.
White Horse Bhd Competitors by Total Assets
Key competitors of White Horse Bhd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Titan America SA
NYSE:TTAM
|
USA | $2.16 Billion |
|
Oyak Cimento Fabrikalari AS
IS:OYAKC
|
Turkey | TL80.30 Billion |
|
Akcansa Cimento Sanayi ve Ticaret AS
IS:AKCNS
|
Turkey | TL33.03 Billion |
|
Holcim Argentina SA
BA:HARG
|
Argentina | AR$1.07 Trillion |
|
SG Co. Ltd
KQ:255220
|
Korea | ₩219.84 Billion |
|
Tongyang Pile Inc
KQ:228340
|
Korea | ₩124.29 Billion |
|
Mathios Refractories S.A.
AT:MATHIO
|
Greece | €23.67 Million |
|
ROCCA SA ZY -05
F:82J
|
Germany | €3.07 Million |
White Horse Bhd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 4.03 | 3.40 | 2.17 |
| Quick Ratio | 2.43 | 2.04 | 1.38 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | RM315.41 Million | RM303.58 Million | RM255.80 Million |
White Horse Bhd - Advanced Valuation Insights
This section examines the relationship between White Horse Bhd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.21 |
| Latest Market Cap to Assets Ratio | 0.04 |
| Asset Growth Rate (YoY) | -6.8% |
| Total Assets | RM670.85 Million |
| Market Capitalization | $25.15 Million USD |
Valuation Analysis
Below Book Valuation: The market values White Horse Bhd's assets below their book value (0.04x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: White Horse Bhd's assets decreased by 6.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for White Horse Bhd (2011–2025)
The table below shows the annual total assets of White Horse Bhd from 2011 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | RM670.85 Million ≈ $168.43 Million |
-6.80% |
| 2024-12-31 | RM719.79 Million ≈ $180.72 Million |
-3.88% |
| 2023-12-31 | RM748.84 Million ≈ $188.01 Million |
-1.92% |
| 2022-12-31 | RM763.50 Million ≈ $191.69 Million |
+0.92% |
| 2021-12-31 | RM756.53 Million ≈ $189.94 Million |
-11.13% |
| 2020-12-31 | RM851.27 Million ≈ $213.73 Million |
-10.09% |
| 2019-12-31 | RM946.85 Million ≈ $237.72 Million |
-9.40% |
| 2018-12-31 | RM1.05 Billion ≈ $262.40 Million |
-5.68% |
| 2017-12-31 | RM1.11 Billion ≈ $278.20 Million |
-8.32% |
| 2016-12-31 | RM1.21 Billion ≈ $303.45 Million |
-5.05% |
| 2015-12-31 | RM1.27 Billion ≈ $319.61 Million |
+6.35% |
| 2014-12-31 | RM1.20 Billion ≈ $300.53 Million |
+3.10% |
| 2013-12-31 | RM1.16 Billion ≈ $291.49 Million |
+26.33% |
| 2012-12-31 | RM919.00 Million ≈ $230.73 Million |
+1.88% |
| 2011-12-31 | RM902.00 Million ≈ $226.46 Million |
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About White Horse Bhd
White Horse Berhad, an investment holding company, engages in the manufacture and distribution of ceramic and homogeneous tiles in Malaysia, Vietnam, Indonesia, the Philippines, Singapore, Thailand, and China. The company offers ceramic floor and wall, décor, glazed polished, polished porcelain, and porcelain tiles, as well as related support services activities incidental to transportation. It a… Read more