United Malacca Bhd (2593) — Working Capital to Net Assets Ratio
United Malacca Bhd (2593) has a Working Capital to Net Assets ratio of 20.1% as of January 2026. Working capital of RM309.86 Million (current assets of RM408.74 Million minus current liabilities of RM98.88 Million) is measured against net assets of RM1.54 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of United Malacca Bhd to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
United Malacca Bhd Working Capital to Net Assets (2013–2025)
This chart shows how United Malacca Bhd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of January 2026, the ratio stands at 20.1%, reflecting working capital of RM309.86 Million against net assets of RM1.54 Billion MYR. Check tangible net worth ratio of United Malacca Bhd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for United Malacca Bhd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for United Malacca Bhd from 2013 to 2025, covering 13 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 2593 market cap overview.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 16.9% | RM254.72 Million | RM1.50 Billion | RM386.91 Million | RM132.19 Million | ▲ +5.8 pp |
| 2024 | 11.1% | RM164.50 Million | RM1.48 Billion | RM311.85 Million | RM147.36 Million | ▲ +4.4 pp |
| 2023 | 6.7% | RM95.48 Million | RM1.43 Billion | RM271.94 Million | RM176.45 Million | ▼ -2.4 pp |
| 2022 | 9.0% | RM126.60 Million | RM1.40 Billion | RM274.11 Million | RM147.51 Million | ▲ +6.1 pp |
| 2021 | 2.9% | RM37.80 Million | RM1.31 Billion | RM172.87 Million | RM135.08 Million | ▲ +2.0 pp |
| 2020 | 0.9% | RM12.02 Million | RM1.32 Billion | RM181.95 Million | RM169.93 Million | ▼ -1.4 pp |
| 2019 | 2.3% | RM30.09 Million | RM1.32 Billion | RM234.06 Million | RM203.97 Million | ▼ -6.0 pp |
| 2018 | 8.3% | RM113.81 Million | RM1.37 Billion | RM208.56 Million | RM94.74 Million | ▼ -6.3 pp |
| 2017 | 14.7% | RM206.73 Million | RM1.41 Billion | RM246.68 Million | RM39.95 Million | ▲ +5.1 pp |
| 2016 | 9.6% | RM163.99 Million | RM1.71 Billion | RM190.24 Million | RM26.25 Million | ▼ -2.7 pp |
| 2015 | 12.3% | RM207.00 Million | RM1.68 Billion | RM230.00 Million | RM23.00 Million | ▲ +1.0 pp |
| 2014 | 11.3% | RM189.00 Million | RM1.68 Billion | RM212.00 Million | RM23.00 Million | ▼ -0.1 pp |
| 2013 | 11.4% | RM176.00 Million | RM1.54 Billion | RM198.00 Million | RM22.00 Million | — |