Mustang Industrial (5460) - Total Assets
Based on the latest financial reports, Mustang Industrial (5460) holds total assets worth NT$811.38 Million TWD (≈ $25.56 Million USD) as of December 2025. 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. Explore Mustang Industrial (5460) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Mustang Industrial - Total Assets Trend (2017–2025)
This chart illustrates how Mustang Industrial's total assets have evolved over time, based on quarterly financial data. See what is Mustang Industrial's book value for net asset value and shareholders' equity analysis.
Mustang Industrial - Asset Composition Analysis
Current Asset Composition (December 2025)
Mustang Industrial's total assets of NT$811.38 Million consist of 69.9% current assets and 30.1% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 5.5% |
| Accounts Receivable | NT$36.54 Million | 4.5% |
| Inventory | NT$21.05 Million | 2.6% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$556.00K | 0.1% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2017–2025)
This chart illustrates how Mustang Industrial'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. For live market cap, price, and company overview, see Mustang Industrial (5460) market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mustang Industrial's current assets represent 69.9% of total assets in 2025, an increase from 67.1% in 2017.
- Cash Position: Cash and equivalents constituted 5.5% of total assets in 2025, down from 31.4% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 4.5% of total assets.
Mustang Industrial Competitors by Total Assets
Key competitors of Mustang Industrial based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Jl Mag Rare-Earth Co Ltd Class A
SHE:300748
|
China | CN¥15.96 Billion |
|
Jiangyin Hengrun Heavy
SHG:603985
|
China | CN¥5.92 Billion |
|
J.Pond Precision Technology Co. Ltd. A
SHE:301326
|
China | CN¥2.68 Billion |
|
Tupy S.A
SA:TUPY3
|
Brazil | R$9.32 Billion |
|
Xinjiang Hejin Holding Co Ltd
SHE:000633
|
China | CN¥311.40 Million |
|
ProfilGruppen AB (publ)
ST:PROF-B
|
Sweden | Skr1.47 Billion |
|
Avrot Industries Ltd
TA:AVRT
|
Israel | ILA220.52 Million |
|
Omni-Lite Industries Canada Inc.
V:OML
|
Canada | CA$21.44 Million |
Mustang Industrial - 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 | 10.06 | 9.20 | 4.81 |
| Quick Ratio | 9.69 | 8.88 | 3.76 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$510.65 Million | NT$504.04 Million | NT$465.49 Million |
Mustang Industrial - Advanced Valuation Insights
This section examines the relationship between Mustang Industrial'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 | 1.19 |
| Latest Market Cap to Assets Ratio | 0.04 |
| Asset Growth Rate (YoY) | -2.0% |
| Total Assets | NT$811.38 Million |
| Market Capitalization | $29.63 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mustang Industrial's assets below their book value (0.04x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Mustang Industrial's assets decreased by 2.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Mustang Industrial (2017–2025)
The table below shows the annual total assets of Mustang Industrial from 2017 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | NT$811.38 Million ≈ $25.56 Million |
-1.96% |
| 2024-12-31 | NT$827.59 Million ≈ $26.07 Million |
+2.10% |
| 2023-12-31 | NT$810.54 Million ≈ $25.54 Million |
-4.44% |
| 2022-12-31 | NT$848.22 Million ≈ $26.72 Million |
-4.16% |
| 2021-12-31 | NT$885.05 Million ≈ $27.88 Million |
-6.87% |
| 2020-12-31 | NT$950.29 Million ≈ $29.94 Million |
-9.01% |
| 2019-12-31 | NT$1.04 Billion ≈ $32.90 Million |
-13.84% |
| 2018-12-31 | NT$1.21 Billion ≈ $38.19 Million |
+1.47% |
| 2017-12-31 | NT$1.19 Billion ≈ $37.64 Million |
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About Mustang Industrial
Mustang Industrial Corp. engages in the manufacture and sale of progressive die molds and stamping products in Taiwan. The company offers shielding frame and cover assemblies for tuners; metal stamped frames and covers for signal shielding; and large-sized metal stamping products, which include cover and chassis of set-top boxes and satellite receivers. It also provides middle size stamping parts… Read more