Volcano Bhd (0232) — Working Capital to Net Assets Ratio
Volcano Bhd (0232) has a Working Capital to Net Assets ratio of 47.9% as of December 2025. Working capital of RM49.35 Million (current assets of RM64.70 Million minus current liabilities of RM15.35 Million) is measured against net assets of RM103.13 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Volcano Bhd (0232) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Volcano Bhd Working Capital to Net Assets (2018–2024)
This chart shows how Volcano Bhd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of December 2025, the ratio stands at 47.9%, reflecting working capital of RM49.35 Million against net assets of RM103.13 Million MYR. See 0232 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Volcano Bhd (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Volcano Bhd from 2018 to 2024, covering 7 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 Volcano Bhd stock valuation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 46.6% | RM48.22 Million | RM103.57 Million | RM66.22 Million | RM18.00 Million | ▼ -6.8 pp |
| 2023 | 53.4% | RM55.21 Million | RM103.41 Million | RM65.74 Million | RM10.53 Million | ▼ -2.1 pp |
| 2022 | 55.5% | RM47.56 Million | RM85.66 Million | RM59.32 Million | RM11.76 Million | ▼ -5.4 pp |
| 2021 | 60.9% | RM48.40 Million | RM79.44 Million | RM54.85 Million | RM6.46 Million | ▲ +3.6 pp |
| 2020 | 57.3% | RM38.61 Million | RM67.37 Million | RM44.86 Million | RM6.25 Million | ▼ 0.0 pp |
| 2019 | 57.3% | RM38.79 Million | RM67.65 Million | RM44.77 Million | RM5.97 Million | ▲ +2.1 pp |
| 2018 | 55.2% | RM34.28 Million | RM62.08 Million | RM39.00 Million | RM4.71 Million | — |