TSA (0297) — Working Capital to Net Assets Ratio
TSA (0297) has a Working Capital to Net Assets ratio of 74.1% as of November 2025. Working capital of RM139.10 Million (current assets of RM194.60 Million minus current liabilities of RM55.50 Million) is measured against net assets of RM187.67 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TSA balance sheet independence to measure how much of total assets are equity-financed.
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 November 2025, the ratio stands at 74.1%, reflecting working capital of RM139.10 Million against net assets of RM187.67 Million MYR. Check TSA (0297) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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 market cap of TSA.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 74.1% | RM139.10 Million | RM187.67 Million | RM194.60 Million | RM55.50 Million | ▼ -1.7 pp |
| 2024 | 75.9% | RM139.98 Million | RM184.54 Million | RM221.07 Million | RM81.10 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 | — |