Nova MSC Bhd (0026) — Working Capital to Net Assets Ratio
Nova MSC Bhd (0026) has a Working Capital to Net Assets ratio of 35.0% as of December 2025. Working capital of RM16.64 Million (current assets of RM31.81 Million minus current liabilities of RM15.17 Million) is measured against net assets of RM47.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 0026 net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nova MSC Bhd Working Capital to Net Assets (2015–2024)
This chart shows how Nova MSC Bhd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2015 to 2024. As of December 2025, the ratio stands at 35.0%, reflecting working capital of RM16.64 Million against net assets of RM47.60 Million MYR. Check Nova MSC Bhd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Nova MSC Bhd (2015–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nova MSC Bhd from 2015 to 2024, covering 10 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 market cap of Nova MSC Bhd.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 41.4% | RM21.42 Million | RM51.73 Million | RM35.69 Million | RM14.27 Million | ▲ +65.3 pp |
| 2023 | -23.9% | RM-7.36 Million | RM30.77 Million | RM19.98 Million | RM27.34 Million | ▼ -22.0 pp |
| 2022 | -1.9% | RM-719.00K | RM37.78 Million | RM24.84 Million | RM25.56 Million | ▼ -28.2 pp |
| 2021 | 26.3% | RM12.92 Million | RM49.16 Million | RM35.31 Million | RM22.40 Million | ▼ -24.5 pp |
| 2020 | 50.8% | RM34.35 Million | RM67.65 Million | RM53.10 Million | RM18.75 Million | ▼ -3.7 pp |
| 2019 | 54.5% | RM35.74 Million | RM65.57 Million | RM68.59 Million | RM32.85 Million | ▼ -3.6 pp |
| 2018 | 58.1% | RM32.49 Million | RM55.92 Million | RM57.36 Million | RM24.87 Million | ▼ -31.1 pp |
| 2017 | 89.2% | RM34.22 Million | RM38.37 Million | RM55.20 Million | RM20.97 Million | ▲ +45.3 pp |
| 2016 | 43.9% | RM19.33 Million | RM44.04 Million | RM49.00 Million | RM29.67 Million | ▼ -3.2 pp |
| 2015 | 47.1% | RM21.95 Million | RM46.59 Million | RM34.10 Million | RM12.15 Million | — |