Multi Ways Holdings Limited (MWG) Balance Sheet
MWG balance sheet, 2025
December 31, 2025 · U.S. dollars$61.9M assets = $39.3M liabilities + $22.7M equity
Both columns are drawn to the same scale: what MWG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MWG financial health
Descriptive bands, not a rating. Fiscal 2025.
MWG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $814.95B2016 | $61.9M2025 | −65.1%/yr | |
| Total liabilities | $738.90B2016 | $39.3M2025 | −66.5%/yr | |
| Shareholders’ equity | $76.05B2016 | $22.7M2025 | −59.4%/yr | |
| Cash & short-term investments | $123.47B2016 | $2.0M2025 | −70.6%/yr | |
| Total debt | $165.72B2016 | $15.0M2025 | −64.5%/yr | |
| Net cash (debt) | −$42.24B2016 | −$13.0M2025 | +$42.2B | |
| Working capital | $202.38B2016 | $20.7M2025 | −$202.4B | |
| Book value per share | $7.452023 | $5.902025 | −11.0%/yr | |
| Current ratio | 73.492016 | 1.572025 | −71.92 | |
| Debt / equity | 2.182016 | 0.662025 | −1.52 | |
| Shares outstanding | 2.9M2023 | 3.8M2025 | +14.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MWG assets
MWG liabilities and equity
MWG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MWG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.0M | $3.3M | $9.3M | $1.3M | $1.5M | $325,000 | $67.66B | $148.26B | $159.20B | $123.47B |
| Cash & equivalents | $1.9M | $3.3M | $7.1M | $1.0M | $1.5M | $325,000 | $67.66B | $87.20B | $80.39B | $43.38B |
| Short-term investments | $125,000 | $47,000 | $242,000 | $325,000 | $5.0M | $3.2M | — | $61.06B | $78.80B | $80.09B |
| Receivables | $12.6M | $16.6M | $6.2M | $11.3M | $5.6M | $6.4M | $0 | $99.81B | $92.95B | $81.70B |
| Inventory | $42.4M | $45.1M | $36.7M | $31.4M | $32.9M | $30.4M | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $166,000 | $0 | $5.1M | $3.4M | $0 | $0 | $0 | $0 |
| Total current assets | $57.0M | $65.0M | $52.4M | $44.1M | $45.1M | $40.4M | $67.66B | $248.07B | $252.15B | $205.18B |
| Property, plant & equipment (net) | $2.7M | $2.4M | $3.4M | $8.7M | $9.5M | $11.6M | $0 | $0 | $0 | $25.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $9.25B | $8.85B | $9.04B | $9.30B |
| Long-term investments | $2.2M | $2.2M | $2.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $11,000 | $11,000 | $11,000 | $8,000 | $8,000 | $8,000 | $0 | $596.61B | $590.54B | $600.45B |
| Total assets | $61.9M | $69.6M | $58.0M | $52.8M | $54.6M | $52.0M | $76.91B | $853.53B | $851.73B | $814.95B |
| Liabilities | ||||||||||
| Accounts payable | $5.7M | $6.9M | $4.8M | $4.8M | $4.4M | $5.1M | — | — | $0 | $0 |
| Short-term debt | $12.0M | $17.2M | $22.6M | $12.3M | $9.4M | $11.2M | — | — | — | $941.0M |
| Deferred revenue | $2.2M | $5.6M | $3.2M | $5.9M | $10.4M | $4.7M | — | — | — | — |
| Total current liabilities | $36.3M | $44.8M | $31.5M | $41.2M | $40.7M | $26.2M | — | $1.08B | $1.59B | $2.79B |
| Long-term debt | $0 | $4.5M | $3.9M | $4.2M | $4.9M | $7.2M | $0 | $0 | $0 | $0 |
| Lease obligations | $6.4M | $9.3M | $7.7M | $5.6M | $5.6M | $4.9M | — | — | — | — |
| Other long-term liabilities | $3.0M | $226,000 | $795,000 | $1.1M | $3.7M | $2.9M | — | $189.18B | $191.90B | $165.82B |
| Total liabilities | $39.3M | $49.5M | $36.2M | $46.5M | $49.3M | $36.3M | $812.73B | $773.28B | $774.34B | $738.90B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $13,000 | $9,000 | $8,000 | $6,000 | $6,000 | $6,000 | −$18.73B | $20.0M | $24.27B | $24.59B |
| Retained earnings (deficit) | −$263,000 | $170,000 | $3.0M | $1.2M | $257,000 | $10.3M | $70.59B | $64.17B | $57.58B | $53.68B |
| Treasury stock | — | — | — | — | — | — | — | — | −$5.80B | −$2.97B |
| Accumulated other comprehensive income | $97,000 | −$234,000 | −$150,000 | −$419,000 | −$345,000 | — | −$2.79B | −$2.29B | −$1.16B | −$2.64B |
| Minority interest | — | $0 | $0 | $50,000 | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $22.7M | $20.1M | $21.8M | $6.3M | $5.4M | $15.7M | −$735.83B | $80.25B | $77.39B | $76.05B |
| Key figures | ||||||||||
| Total debt | $15.0M | $21.9M | $12.8M | $17.6M | $17.9M | $21.3M | — | $188.12B | $191.06B | $165.72B |
| Net cash (debt) | −$13.0M | −$18.6M | −$3.5M | −$16.3M | −$16.4M | −$20.9M | — | −$39.86B | −$31.87B | −$42.24B |
| Working capital | $20.7M | $20.2M | $20.9M | $2.9M | $4.4M | $14.2M | — | $246.99B | $250.56B | $202.38B |
| Tangible book value | $22.7M | $20.1M | $21.8M | $6.3M | $5.4M | $15.7M | −$745.08B | $71.39B | $68.35B | $66.75B |
| Book value per share | $5.90 | $6.32 | $7.45 | — | — | — | — | — | — | — |
| Shares outstanding | 3.8M | 3.2M | 2.9M | — | — | — | — | — | — | — |
| Current ratio | 1.57 | 1.45 | 1.66 | 1.07 | 1.11 | 1.54 | — | 229.70 | 158.19 | 73.49 |
| Quick ratio | 0.40 | 0.44 | 0.49 | 0.31 | 0.18 | 0.25 | — | 229.70 | 158.19 | 73.49 |
| Debt / equity | 0.66 | 1.09 | 0.58 | 2.82 | 3.35 | 1.35 | — | 2.34 | 2.47 | 2.18 |
| Equity / assets | 36.6% | 28.9% | 37.6% | 11.9% | 9.8% | 30.3% | −956.8% | 9.4% | 9.1% | 9.3% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.0M | $2.0M | $1.2M | $3.3M | $3.3M | $11.5M | $9.2M | $9.2M | $7.3M | $9.3M | $5.4M | $10.0M |
| Cash & equivalents | $1.9M | $1.9M | $1.1M | $3.3M | $3.3M | $3.3M | $3.7M | $3.7M | $7.1M | $7.1M | $5.2M | $5.2M |
| Short-term investments | $125,000 | $125,000 | $72,000 | $47,000 | $47,000 | $8.3M | $5.5M | $5.5M | $242,000 | $2.2M | $208,000 | $4.8M |
| Receivables | $12.6M | $7.0M | $13.1M | $16.6M | $16.6M | $6.2M | $8.4M | $8.4M | $8.4M | $6.2M | $12.3M | $7.7M |
| Inventory | $42.4M | $42.4M | $44.6M | $45.1M | $45.1M | $45.1M | $42.3M | $42.3M | $36.7M | $36.7M | $33.9M | $33.9M |
| Other current assets | $0 | $5.6M | $0 | $0 | $0 | $2.2M | $471,000 | $471,000 | $0 | $166,000 | $0 | $0 |
| Total current assets | $57.0M | $57.0M | $59.0M | $65.0M | $65.0M | $65.0M | $60.3M | $60.3M | $52.4M | $52.4M | $51.6M | $51.6M |
| Property, plant & equipment (net) | $2.7M | $2.7M | $2.0M | $2.4M | $2.4M | $2.4M | $3.0M | $3.0M | $3.4M | $3.4M | $9.8M | $9.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.8M | $0 |
| Long-term investments | $0 | $2.2M | $2.2M | $0 | $2.2M | $0 | $2.2M | $0 | $2.2M | $0 | $2.2M | $0 |
| Other non-current assets | $2.2M | $11,000 | $11,000 | $2.2M | $11,000 | $2.2M | $11,000 | $2.2M | $11,000 | $2.2M | $0 | $2.2M |
| Total assets | $61.9M | $61.9M | $63.2M | $69.6M | $69.6M | $69.6M | $65.5M | $65.5M | $58.0M | $58.0M | $63.7M | $63.7M |
| Liabilities | ||||||||||||
| Accounts payable | $5.7M | $5.7M | $6.3M | $6.9M | $6.9M | $6.9M | $4.4M | $4.4M | $4.8M | $5.3M | $6.7M | $6.7M |
| Short-term debt | $12.0M | — | $12.8M | $17.2M | $17.2M | $17.2M | $29.0M | $29.0M | $8.1M | $22.6M | $12.7M | $12.7M |
| Deferred revenue | $2.2M | — | $2.5M | $5.6M | $5.6M | — | — | $3.2M | $3.2M | — | $5.9M | $5.9M |
| Total current liabilities | $36.3M | $36.3M | $38.3M | $44.8M | $44.8M | $44.8M | $40.1M | $40.1M | $31.5M | $31.5M | $41.7M | $41.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $431,000 | $0 | $2.3M | $0 |
| Lease obligations | — | $6.4M | $6.5M | — | $9.3M | — | $8.0M | — | $7.7M | — | $4.3M | — |
| Other long-term liabilities | $3.0M | $3.0M | $3.4M | $4.7M | $4.7M | $4.7M | $3.7M | $3.7M | $4.3M | $4.7M | $2.9M | $5.2M |
| Total liabilities | $39.3M | $39.3M | $41.7M | $49.5M | $49.5M | $49.5M | $43.8M | $43.8M | $36.2M | $36.2M | $46.9M | $46.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $13,000 | — | $9,000 | $9,000 | $9,000 | $9,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Retained earnings (deficit) | −$263,000 | −$263,000 | $1.1M | $170,000 | $170,000 | $170,000 | $3.1M | $3.1M | $3.0M | $3.0M | −$3.5M | −$3.5M |
| Accumulated other comprehensive income | $97,000 | — | $321,000 | −$234,000 | −$234,000 | −$234,000 | −$264,895 | −$359,000 | −$150,000 | −$150,000 | −$213,000 | −$213,000 |
| Minority interest | — | — | $0 | — | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $22.7M | $22.7M | $21.5M | $20.1M | $20.1M | $20.1M | $21.7M | $21.7M | $21.8M | $21.8M | $16.8M | $16.8M |
| Key figures | ||||||||||||
| Total debt | $15.0M | — | $16.2M | $21.9M | $21.9M | $21.9M | $32.7M | $32.7M | $12.8M | $23.8M | $17.9M | $16.5M |
| Net cash (debt) | −$13.0M | — | −$15.0M | −$18.6M | −$18.6M | −$10.4M | −$23.5M | −$23.5M | −$5.5M | −$14.5M | −$12.5M | −$6.5M |
| Working capital | $20.7M | $20.7M | $20.7M | $20.2M | $20.2M | $20.2M | $20.2M | $20.2M | $20.9M | $20.9M | $9.9M | $9.9M |
| Tangible book value | $22.7M | $22.7M | $21.5M | $20.1M | $20.1M | $20.1M | $21.7M | $21.7M | $21.8M | $21.8M | $7.0M | $16.8M |
| Book value per share | $6.51 | $4.41 | $6.46 | — | $6.33 | — | $7.03 | — | $7.87 | — | $5.45 | — |
| Shares outstanding | 3.5M | 5.1M | 3.3M | — | 3.2M | — | 3.1M | — | 2.8M | — | 3.1M | — |
| Current ratio | 1.57 | 1.57 | 1.54 | 1.45 | 1.45 | 1.45 | 1.50 | 1.50 | 1.66 | 1.66 | 1.24 | 1.24 |
| Quick ratio | 0.40 | 0.25 | 0.37 | 0.44 | 0.44 | 0.40 | 0.44 | 0.44 | 0.50 | 0.49 | 0.42 | 0.42 |
| Debt / equity | 0.66 | — | 0.75 | 1.09 | 1.09 | 1.09 | 1.51 | 1.51 | 0.58 | 1.09 | 1.06 | 0.98 |
| Equity / assets | 36.6% | 36.6% | 34.1% | 28.9% | 28.9% | 28.9% | 33.1% | 33.1% | 37.6% | 37.6% | 26.4% | 26.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 8, 2026); data from EODHD.
MWG financial position
At the end of fiscal 2025 (December 31, 2025), Multi Ways had total assets of $61.9 million (down 11.0% from a year earlier), total liabilities of $39.3 million and shareholders' equity of $22.7 million. It held $2.0 million in cash and short-term investments against $15.0 million of debt, net debt of $13.0 million. Its current ratio was 1.57. In the latest quarter (ended March 31, 2026) total assets were $61.9 million and equity $22.7 million.
Related: MWG income statement, MWG cash flow statement, MWG key metrics. See the MWG stock overview for the latest quote and news.
MWG balance sheet FAQ
What are Multi Ways's total assets?
Multi Ways reported total assets of $61.9 million at the end of fiscal 2025 (December 31, 2025), compared with $69.6 million a year earlier.
How much debt does Multi Ways have?
Multi Ways had $15.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.66.
How much cash does Multi Ways have?
Multi Ways held $2.0 million in cash and short-term investments at the end of fiscal 2025; with $15.0 million of debt that is net debt of $13.0 million.
What is Multi Ways's book value?
Multi Ways's shareholders' equity (book value) was $22.7 million at the end of fiscal 2025, or $5.90 per share.
What is Multi Ways's current ratio?
Multi Ways had current assets of $57.0 million and current liabilities of $36.3 million, a current ratio of 1.57 (it can cover its short-term obligations).