TCS Group Holdings Bhd (0221) — Working Capital to Net Assets Ratio
TCS Group Holdings Bhd (0221) has a Working Capital to Net Assets ratio of 60.6% as of December 2025. Working capital of RM52.77 Million (current assets of RM241.47 Million minus current liabilities of RM188.70 Million) is measured against net assets of RM87.11 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of TCS Group Holdings Bhd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TCS Group Holdings Bhd Working Capital to Net Assets (2016–2025)
This chart shows how TCS Group Holdings Bhd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 60.6%, reflecting working capital of RM52.77 Million against net assets of RM87.11 Million MYR. See TCS Group Holdings Bhd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for TCS Group Holdings Bhd (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TCS Group Holdings Bhd from 2016 to 2025, 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 TCS Group Holdings Bhd.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 60.6% | RM52.77 Million | RM87.11 Million | RM241.47 Million | RM188.70 Million | ▲ +0.1 pp |
| 2024 | 60.5% | RM47.53 Million | RM78.60 Million | RM199.15 Million | RM151.62 Million | ▲ +15.1 pp |
| 2023 | 45.4% | RM25.89 Million | RM57.03 Million | RM198.36 Million | RM172.47 Million | ▼ -29.2 pp |
| 2022 | 74.6% | RM61.35 Million | RM82.20 Million | RM182.71 Million | RM121.36 Million | ▲ +2.5 pp |
| 2021 | 72.1% | RM61.73 Million | RM85.58 Million | RM138.84 Million | RM77.11 Million | ▲ +6.3 pp |
| 2020 | 65.9% | RM48.99 Million | RM74.39 Million | RM139.41 Million | RM90.43 Million | ▲ +25.6 pp |
| 2019 | 40.3% | RM16.86 Million | RM41.89 Million | RM121.63 Million | RM104.77 Million | ▼ -23.0 pp |
| 2018 | 63.3% | RM16.48 Million | RM26.05 Million | RM110.67 Million | RM94.19 Million | ▼ -23.2 pp |
| 2017 | 86.5% | RM16.32 Million | RM18.86 Million | RM56.49 Million | RM40.18 Million | ▲ +6.9 pp |
| 2016 | 79.6% | RM9.38 Million | RM11.78 Million | RM49.96 Million | RM40.58 Million | — |