Excel Force MSC Bhd (0065) — Tangible Net Worth Ratio
Excel Force MSC Bhd (0065) has a Tangible Net Worth Ratio of 84.1% as of December 2025. This metric is calculated by deducting intangible assets (RM19.77 Million) from net assets (RM124.71 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Excel Force MSC Bhd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Excel Force MSC Bhd Tangible Net Worth Ratio (2003–2024)
This chart shows how Excel Force MSC Bhd's Tangible Net Worth Ratio has changed across 22 annual periods from 2003 to 2024. As of December 2025, the ratio stands at 84.1%, reflecting net assets of RM124.71 Million with intangible assets of RM19.77 Million MYR. See Excel Force MSC Bhd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Excel Force MSC Bhd (2003–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Excel Force MSC Bhd from 2003 to 2024, covering 22 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Excel Force MSC Bhd (0065) total market value.
| Year | Tangible NW Ratio | Net Assets (MYR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 84.9% | RM125.52 Million | RM18.94 Million | RM142.19 Million | ▼ -1.5 pp |
| 2023 | 86.4% | RM128.13 Million | RM17.42 Million | RM148.09 Million | ▲ +2.4 pp |
| 2022 | 84.0% | RM96.90 Million | RM15.46 Million | RM107.15 Million | ▼ -4.0 pp |
| 2021 | 88.0% | RM101.67 Million | RM12.17 Million | RM110.30 Million | ▲ +0.9 pp |
| 2020 | 87.2% | RM92.86 Million | RM11.93 Million | RM102.39 Million | ▼ -1.1 pp |
| 2019 | 88.3% | RM96.47 Million | RM11.32 Million | RM101.43 Million | ▲ +11.8 pp |
| 2018 | 76.5% | RM47.20 Million | RM11.09 Million | RM58.72 Million | ▼ -1.1 pp |
| 2017 | 77.6% | RM46.57 Million | RM10.43 Million | RM54.45 Million | ▼ -0.8 pp |
| 2016 | 78.4% | RM45.42 Million | RM9.83 Million | RM53.06 Million | ▲ +0.9 pp |
| 2015 | 77.4% | RM44.45 Million | RM10.03 Million | RM55.01 Million | ▼ -2.7 pp |
| 2014 | 80.1% | RM43.08 Million | RM8.55 Million | RM54.53 Million | ▼ -0.9 pp |
| 2013 | 81.0% | RM39.14 Million | RM7.42 Million | RM43.57 Million | ▼ -3.1 pp |
| 2012 | 84.1% | RM40.34 Million | RM6.41 Million | RM47.46 Million | ▼ -0.5 pp |
| 2011 | 84.6% | RM37.74 Million | RM5.81 Million | RM43.85 Million | ▲ +0.1 pp |
| 2010 | 84.5% | RM35.83 Million | RM5.54 Million | RM38.27 Million | ▼ -14.2 pp |
| 2009 | 98.8% | RM28.53 Million | RM353.50K | RM30.37 Million | ▲ +19.9 pp |
| 2008 | 78.9% | RM23.16 Million | RM4.90 Million | RM25.98 Million | ▼ -0.3 pp |
| 2007 | 79.2% | RM20.87 Million | RM4.35 Million | RM21.53 Million | ▲ +4.7 pp |
| 2006 | 74.5% | RM14.71 Million | RM3.75 Million | RM15.96 Million | ▼ -5.7 pp |
| 2005 | 80.2% | RM14.42 Million | RM2.86 Million | RM14.92 Million | ▼ -3.7 pp |
| 2004 | 83.9% | RM13.75 Million | RM2.22 Million | RM14.83 Million | ▼ -16.1 pp |
| 2003 | 100.0% | RM4.14 Million | RM0.00 | RM4.88 Million | — |