Ming Shing Group Holdings Limited Ordinary Shares (MSW) — Tangible Net Worth Ratio
Ming Shing Group Holdings Limited Ordinary Shares (MSW) has a Tangible Net Worth Ratio of 100.0% as of June 2025. This metric is calculated by deducting intangible assets ($0.00) from net assets ($983.98K) 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 working capital to net assets of Ming Shing Group Holdings Limited Ordina to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ming Shing Group Holdings Limited Ordinary Shares Tangible Net Worth Ratio (2021–2025)
This chart shows how Ming Shing Group Holdings Limited Ordinary Shares's Tangible Net Worth Ratio has changed across 5 annual periods from 2021 to 2025. As of June 2025, the ratio stands at 100.0%, reflecting net assets of $983.98K with intangible assets of $0.00 USD. See MSW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Ming Shing Group Holdings Limited Ordinary Shares (2021–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Ming Shing Group Holdings Limited Ordinary Shares from 2021 to 2025, covering 5 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 market value of Ming Shing Group Holdings Limited Ordina.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | $983.98K | $0.00 | $13.42 Million | ▲ +0.0 pp |
| 2024 | 100.0% | $998.26K | $0.00 | $11.89 Million | ▲ +0.0 pp |
| 2023 | 100.0% | $382.89K | $0.00 | $8.28 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $159.76K | $0.00 | $5.60 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $458.31K | $0.00 | $2.42 Million | — |