Ming Shing Group Holdings Ltd (MSW) — Net Asset Quality Index
Ming Shing Group Holdings Ltd (MSW) has a Net Asset Quality Index of -33.7% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $7.78 Million minus total liabilities of $10.40 Million yields net assets of $-2.62 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check Ming Shing Group Holdings Ltd cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Ming Shing Group Holdings Ltd Net Asset Quality Index Over Time (2021–2026)
This chart shows how Ming Shing Group Holdings Ltd's Net Asset Quality Index has evolved across 6 annual periods from 2021 to 2026. As of September 2025, the index stands at -33.7%, representing net assets of $-2.62 Million against total assets of $7.78 Million USD. See net assets of Ming Shing Group Holdings Ltd for net asset value and shareholders' equity analysis.
Annual Net Asset Quality Index for Ming Shing Group Holdings Ltd (2021–2026)
The table below presents the year-by-year Net Asset Quality Index for Ming Shing Group Holdings Ltd from 2021 to 2026, covering 6 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 live market cap and overall valuation, see Ming Shing Group Holdings Ltd stock valuation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2026 | -81.4% | $-4.78 Million | $5.87 Million | $10.65 Million | ▼ -88.7 pp |
| 2025 | 7.3% | $983.98K | $13.42 Million | $12.44 Million | ▼ -1.1 pp |
| 2024 | 8.4% | $998.26K | $11.89 Million | $10.89 Million | ▲ +3.8 pp |
| 2023 | 4.6% | $382.89K | $8.28 Million | $7.90 Million | ▲ +1.8 pp |
| 2022 | 2.9% | $159.76K | $5.60 Million | $5.44 Million | ▼ -16.1 pp |
| 2021 | 18.9% | $458.31K | $2.42 Million | $1.96 Million | — |