Excel Force MSC Bhd (0065) — Working Capital to Net Assets Ratio
Excel Force MSC Bhd (0065) has a Working Capital to Net Assets ratio of 51.8% as of December 2025. Working capital of RM64.61 Million (current assets of RM73.18 Million minus current liabilities of RM8.57 Million) is measured against net assets of RM124.71 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Excel Force MSC Bhd net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Excel Force MSC Bhd Working Capital to Net Assets (2003–2024)
This chart shows how Excel Force MSC Bhd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2003 to 2024. As of December 2025, the ratio stands at 51.8%, reflecting working capital of RM64.61 Million against net assets of RM124.71 Million MYR. Check Excel Force MSC Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Excel Force MSC Bhd (2003–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Excel Force MSC Bhd from 2003 to 2024, covering 22 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 Excel Force MSC Bhd.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 53.0% | RM66.53 Million | RM125.52 Million | RM73.55 Million | RM7.02 Million | ▲ +1.6 pp |
| 2023 | 51.4% | RM65.87 Million | RM128.13 Million | RM75.71 Million | RM9.83 Million | ▲ +0.7 pp |
| 2022 | 50.7% | RM49.14 Million | RM96.90 Million | RM56.92 Million | RM7.78 Million | ▲ +2.1 pp |
| 2021 | 48.6% | RM49.43 Million | RM101.67 Million | RM57.73 Million | RM8.30 Million | ▼ -0.1 pp |
| 2020 | 48.8% | RM45.27 Million | RM92.86 Million | RM54.13 Million | RM8.86 Million | ▼ -1.9 pp |
| 2019 | 50.6% | RM48.86 Million | RM96.47 Million | RM53.82 Million | RM4.96 Million | ▼ -2.3 pp |
| 2018 | 52.9% | RM24.98 Million | RM47.20 Million | RM36.50 Million | RM11.52 Million | ▼ -24.5 pp |
| 2017 | 77.4% | RM36.04 Million | RM46.57 Million | RM40.62 Million | RM4.58 Million | ▲ +24.6 pp |
| 2016 | 52.8% | RM23.98 Million | RM45.42 Million | RM27.32 Million | RM3.33 Million | ▲ +2.3 pp |
| 2015 | 50.5% | RM22.43 Million | RM44.45 Million | RM27.69 Million | RM5.26 Million | ▼ -2.2 pp |
| 2014 | 52.7% | RM22.69 Million | RM43.08 Million | RM27.59 Million | RM4.90 Million | ▼ -12.1 pp |
| 2013 | 64.8% | RM25.36 Million | RM39.14 Million | RM28.85 Million | RM3.49 Million | ▼ -3.0 pp |
| 2012 | 67.8% | RM27.34 Million | RM40.34 Million | RM33.10 Million | RM5.76 Million | ▼ -5.0 pp |
| 2011 | 72.8% | RM27.47 Million | RM37.74 Million | RM32.58 Million | RM5.11 Million | ▼ -3.6 pp |
| 2010 | 76.4% | RM27.38 Million | RM35.83 Million | RM28.92 Million | RM1.54 Million | ▲ +8.0 pp |
| 2009 | 68.4% | RM19.51 Million | RM28.53 Million | RM21.36 Million | RM1.85 Million | ▲ +7.5 pp |
| 2008 | 60.9% | RM14.11 Million | RM23.16 Million | RM16.93 Million | RM2.82 Million | ▼ -0.2 pp |
| 2007 | 61.1% | RM12.76 Million | RM20.87 Million | RM13.42 Million | RM661.96K | ▼ -0.2 pp |
| 2006 | 61.4% | RM9.03 Million | RM14.71 Million | RM10.27 Million | RM1.24 Million | ▼ -5.0 pp |
| 2005 | 66.3% | RM9.56 Million | RM14.42 Million | RM10.04 Million | RM474.87K | ▼ -4.9 pp |
| 2004 | 71.3% | RM9.79 Million | RM13.75 Million | RM10.82 Million | RM1.02 Million | ▲ +32.4 pp |
| 2003 | 38.9% | RM1.61 Million | RM4.14 Million | RM2.35 Million | RM736.23K | — |