IFCA MSC Bhd (0023) — Working Capital to Net Assets Ratio
IFCA MSC Bhd (0023) has a Working Capital to Net Assets ratio of 51.0% as of March 2026. Working capital of RM61.69 Million (current assets of RM89.26 Million minus current liabilities of RM27.57 Million) is measured against net assets of RM121.04 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 0023 financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
IFCA MSC Bhd Working Capital to Net Assets (2015–2025)
This chart shows how IFCA MSC Bhd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of March 2026, the ratio stands at 51.0%, reflecting working capital of RM61.69 Million against net assets of RM121.04 Million MYR. See defensive interval ratio of IFCA MSC Bhd to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for IFCA MSC Bhd (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for IFCA MSC Bhd from 2015 to 2025, covering 11 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 IFCA MSC Bhd market capitalisation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 50.2% | RM61.09 Million | RM121.59 Million | RM91.25 Million | RM30.16 Million | ▼ -2.4 pp |
| 2024 | 52.6% | RM65.50 Million | RM124.50 Million | RM102.82 Million | RM37.32 Million | ▲ +1.6 pp |
| 2023 | 51.0% | RM62.00 Million | RM121.46 Million | RM92.82 Million | RM30.82 Million | ▲ +0.8 pp |
| 2022 | 50.2% | RM59.54 Million | RM118.53 Million | RM87.99 Million | RM28.45 Million | ▼ -5.5 pp |
| 2021 | 55.8% | RM72.02 Million | RM129.15 Million | RM100.22 Million | RM28.20 Million | ▼ -5.1 pp |
| 2020 | 60.9% | RM74.14 Million | RM121.83 Million | RM96.84 Million | RM22.70 Million | ▼ -1.7 pp |
| 2019 | 62.6% | RM74.96 Million | RM119.75 Million | RM94.85 Million | RM19.89 Million | ▼ -2.2 pp |
| 2018 | 64.8% | RM77.41 Million | RM119.48 Million | RM103.03 Million | RM25.61 Million | ▲ +3.3 pp |
| 2017 | 61.5% | RM68.76 Million | RM111.88 Million | RM96.70 Million | RM27.94 Million | ▲ +3.5 pp |
| 2016 | 57.9% | RM61.44 Million | RM106.07 Million | RM89.10 Million | RM27.66 Million | ▼ -15.2 pp |
| 2015 | 73.1% | RM69.09 Million | RM94.47 Million | RM91.26 Million | RM22.18 Million | — |