TSA Working Capital to Net Assets Ratio
TSA working capital to net assets ratio. TSA (0297) has a Working Capital to Net Assets ratio of 63.6% as of May 2026. Working capital of RM119.98 Million (current assets of RM210.74 Million minus current liabilities of RM90.76 Million) is measured against net assets of RM188.79 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check 0297 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of TSA (2020–2025)
Working capital to net assets ratio of TSA from 2020 to 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 May 2026, the ratio stands at 63.6%, reflecting working capital of RM119.98 Million against net assets of RM188.79 Million MYR. See 0297 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
TSA Working Capital to Net Assets Ratio by Year (2020–2025)
TSA working capital to net assets ratio by year from 2020 to 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 the complete balance sheet picture, see TSA asset portfolio.
| 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 | — |