TSA (0297) — Working Capital to Net Assets Ratio
TSA (0297) has a Working Capital to Net Assets ratio of 65.8% as of February 2026. Working capital of RM122.84 Million (current assets of RM186.20 Million minus current liabilities of RM63.36 Million) is measured against net assets of RM186.67 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TSA financial 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
TSA Working Capital to Net Assets (2020–2025)
This chart shows how TSA's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of February 2026, the ratio stands at 65.8%, reflecting working capital of RM122.84 Million against net assets of RM186.67 Million MYR. See 0297 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for TSA (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TSA from 2020 to 2025, covering 6 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 TSA market capitalisation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 67.2% | RM126.20 Million | RM187.67 Million | RM185.53 Million | RM59.33 Million | ▼ -8.6 pp |
| 2024 | 75.9% | RM139.98 Million | RM184.54 Million | RM223.69 Million | RM83.71 Million | ▲ +6.6 pp |
| 2023 | 69.3% | RM99.00 Million | RM142.93 Million | RM166.10 Million | RM67.11 Million | ▼ -5.9 pp |
| 2022 | 75.1% | RM112.74 Million | RM150.04 Million | RM191.80 Million | RM79.06 Million | ▼ -7.1 pp |
| 2021 | 82.2% | RM102.61 Million | RM124.79 Million | RM236.17 Million | RM133.56 Million | ▲ +1.7 pp |
| 2020 | 80.6% | RM97.52 Million | RM121.06 Million | RM184.14 Million | RM86.62 Million | — |