ALPHA (0303) — 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. See ALPHA net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ALPHA Working Capital to Net Assets (2020–2025)
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. Check 0303 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for ALPHA (2020–2025)
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 live market cap and the full company profile, see how much is ALPHA worth.
| 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 | — |