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 (0065) defensive interval to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see balance sheet size of Excel Force MSC Bhd.
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. Check asset resilience ratio of Excel Force MSC Bhd to evaluate the company's liquid asset resilience ratio.
| 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 | — |