Merck Tbk (MERK) — Working Capital to Net Assets Ratio
Merck Tbk (MERK) has a Working Capital to Net Assets ratio of 77.7% as of September 2025. Working capital of Rp647.46 Billion (current assets of Rp759.85 Billion minus current liabilities of Rp112.39 Billion) is measured against net assets of Rp833.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MERK financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Merck Tbk Working Capital to Net Assets (2005–2024)
This chart shows how Merck Tbk's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2005 to 2024. As of September 2025, the ratio stands at 77.7%, reflecting working capital of Rp647.46 Billion against net assets of Rp833.21 Billion IDR. See MERK cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Merck Tbk (2005–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Merck Tbk from 2005 to 2024, covering 20 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 MERK market cap overview.
| Year | WC/NA Ratio | Working Capital (IDR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 74.4% | Rp600.71 Billion | Rp807.27 Billion | Rp709.60 Billion | Rp108.89 Billion | ▼ -0.1 pp |
| 2023 | 74.5% | Rp593.16 Billion | Rp795.88 Billion | Rp718.19 Billion | Rp125.03 Billion | ▲ +1.0 pp |
| 2022 | 73.5% | Rp556.51 Billion | Rp757.24 Billion | Rp795.59 Billion | Rp239.07 Billion | ▲ +2.6 pp |
| 2021 | 70.9% | Rp485.19 Billion | Rp684.04 Billion | Rp768.12 Billion | Rp282.93 Billion | ▲ +3.7 pp |
| 2020 | 67.3% | Rp412.06 Billion | Rp612.68 Billion | Rp678.40 Billion | Rp266.35 Billion | ▼ -1.1 pp |
| 2019 | 68.3% | Rp405.93 Billion | Rp594.01 Billion | Rp675.01 Billion | Rp269.09 Billion | ▲ +17.4 pp |
| 2018 | 50.9% | Rp263.87 Billion | Rp518.28 Billion | Rp973.31 Billion | Rp709.44 Billion | ▼ -11.6 pp |
| 2017 | 62.5% | Rp384.92 Billion | Rp615.44 Billion | Rp569.89 Billion | Rp184.97 Billion | ▼ -4.0 pp |
| 2016 | 66.6% | Rp387.99 Billion | Rp582.67 Billion | Rp508.62 Billion | Rp120.62 Billion | ▼ -7.6 pp |
| 2015 | 74.2% | Rp351.24 Billion | Rp473.54 Billion | Rp483.68 Billion | Rp132.44 Billion | ▼ -9.9 pp |
| 2014 | 84.1% | Rp465.52 Billion | Rp553.69 Billion | Rp595.34 Billion | Rp129.82 Billion | ▼ -1.9 pp |
| 2013 | 86.0% | Rp440.42 Billion | Rp512.22 Billion | Rp588.24 Billion | Rp147.82 Billion | ▲ +3.4 pp |
| 2012 | 82.6% | Rp344.06 Billion | Rp416.74 Billion | Rp463.88 Billion | Rp119.83 Billion | ▼ -3.7 pp |
| 2011 | 86.3% | Rp426.30 Billion | Rp494.18 Billion | Rp491.73 Billion | Rp65.43 Billion | ▲ +10.5 pp |
| 2010 | 75.7% | Rp274.86 Billion | Rp363.02 Billion | Rp327.44 Billion | Rp52.58 Billion | ▼ -1.9 pp |
| 2009 | 77.7% | Rp275.04 Billion | Rp354.18 Billion | Rp343.15 Billion | Rp68.11 Billion | ▼ -1.9 pp |
| 2008 | 79.5% | Rp260.25 Billion | Rp327.32 Billion | Rp298.67 Billion | Rp38.42 Billion | ▲ +0.7 pp |
| 2007 | 78.8% | Rp220.82 Billion | Rp280.23 Billion | Rp263.51 Billion | Rp42.68 Billion | ▲ +3.0 pp |
| 2006 | 75.8% | Rp178.61 Billion | Rp235.58 Billion | Rp219.02 Billion | Rp40.41 Billion | ▲ +9.2 pp |
| 2005 | 66.7% | Rp120.23 Billion | Rp180.38 Billion | Rp152.53 Billion | Rp32.30 Billion | — |