Maas Group Holdings Ltd (MGH) — Working Capital to Net Assets Ratio
Maas Group Holdings Ltd (MGH) has a Working Capital to Net Assets ratio of 20.7% as of December 2025. Working capital of AU$190.80 Million (current assets of AU$472.25 Million minus current liabilities of AU$281.45 Million) is measured against net assets of AU$922.67 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Maas Group Holdings Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Maas Group Holdings Ltd Working Capital to Net Assets (2017–2024)
This chart shows how Maas Group Holdings Ltd's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of December 2025, the ratio stands at 20.7%, reflecting working capital of AU$190.80 Million against net assets of AU$922.67 Million AUD. See how many days can Maas Group Holdings Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Maas Group Holdings Ltd (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Maas Group Holdings Ltd from 2017 to 2024, covering 8 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see MGH stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 23.2% | AU$206.53 Million | AU$891.30 Million | AU$483.35 Million | AU$276.82 Million | ▲ +4.8 pp |
| 2023 | 18.3% | AU$125.33 Million | AU$683.68 Million | AU$386.59 Million | AU$261.26 Million | ▼ -2.5 pp |
| 2022 | 20.8% | AU$130.93 Million | AU$629.29 Million | AU$349.01 Million | AU$218.08 Million | ▼ -3.7 pp |
| 2021 | 24.5% | AU$111.56 Million | AU$455.95 Million | AU$267.31 Million | AU$155.74 Million | ▲ +6.7 pp |
| 2020 | 17.8% | AU$45.26 Million | AU$254.40 Million | AU$131.73 Million | AU$86.46 Million | ▲ +5.7 pp |
| 2019 | 12.1% | AU$25.90 Million | AU$213.40 Million | AU$129.90 Million | AU$104.00 Million | ▲ +84.2 pp |
| 2018 | -72.1% | AU$-55.86 Million | AU$77.48 Million | AU$69.33 Million | AU$125.19 Million | ▲ +22.5 pp |
| 2017 | -94.6% | AU$-26.68 Million | AU$28.20 Million | AU$31.15 Million | AU$57.83 Million | — |