ALPHA Working Capital to Net Assets Ratio
ALPHA working capital to net assets ratio. ALPHA (0303) has a Working Capital to Net Assets ratio of 68.3% as of November 2025. Working capital of RM138.21 Million (current assets of RM168.07 Million minus current liabilities of RM29.86 Million) is measured against net assets of RM202.29 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of ALPHA (2020–2025)
Working capital to net assets ratio of ALPHA from 2020 to 2025. This chart shows how ALPHA'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 68.3%, reflecting working capital of RM138.21 Million against net assets of RM202.29 Million MYR. See ALPHA liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
ALPHA Working Capital to Net Assets Ratio by Year (2020–2025)
ALPHA 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 ALPHA 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 0303 asset base.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 73.3% | RM149.65 Million | RM204.15 Million | RM173.41 Million | RM23.77 Million | ▲ +0.3 pp |
| 2024 | 73.0% | RM138.53 Million | RM189.78 Million | RM162.53 Million | RM24.00 Million | ▼ -3.5 pp |
| 2023 | 76.5% | RM41.76 Million | RM54.55 Million | RM62.38 Million | RM20.62 Million | ▲ +37.8 pp |
| 2022 | 38.7% | RM22.82 Million | RM58.97 Million | RM46.68 Million | RM23.87 Million | ▲ +20.7 pp |
| 2021 | 18.0% | RM8.74 Million | RM48.57 Million | RM25.12 Million | RM16.39 Million | ▲ +28.4 pp |
| 2020 | -10.4% | RM-2.94 Million | RM28.36 Million | RM18.25 Million | RM21.19 Million | — |