Mulpha International Bhd (3905) — Working Capital to Net Assets Ratio
Mulpha International Bhd (3905) has a Working Capital to Net Assets ratio of 17.4% as of March 2026. Working capital of RM663.04 Million (current assets of RM2.30 Billion minus current liabilities of RM1.63 Billion) is measured against net assets of RM3.81 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mulpha International Bhd (3905) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mulpha International Bhd Working Capital to Net Assets (2012–2025)
This chart shows how Mulpha International Bhd's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at 17.4%, reflecting working capital of RM663.04 Million against net assets of RM3.81 Billion MYR. See 3905 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Mulpha International Bhd (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mulpha International Bhd from 2012 to 2025, covering 14 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 Mulpha International Bhd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 45.3% | RM1.70 Billion | RM3.74 Billion | RM2.42 Billion | RM723.37 Million | ▼ -1.2 pp |
| 2024 | 46.5% | RM1.59 Billion | RM3.41 Billion | RM2.65 Billion | RM1.06 Billion | ▲ +52.2 pp |
| 2023 | -5.7% | RM-205.28 Million | RM3.60 Billion | RM1.55 Billion | RM1.76 Billion | ▼ -24.3 pp |
| 2022 | 18.6% | RM657.86 Million | RM3.53 Billion | RM1.39 Billion | RM731.87 Million | ▼ -3.5 pp |
| 2021 | 22.2% | RM764.26 Million | RM3.44 Billion | RM1.47 Billion | RM710.29 Million | ▲ +27.4 pp |
| 2020 | -5.2% | RM-153.56 Million | RM2.98 Billion | RM1.61 Billion | RM1.76 Billion | ▼ -15.5 pp |
| 2019 | 10.3% | RM296.02 Million | RM2.87 Billion | RM1.91 Billion | RM1.62 Billion | ▼ -3.5 pp |
| 2018 | 13.8% | RM445.33 Million | RM3.22 Billion | RM1.54 Billion | RM1.10 Billion | ▲ +4.9 pp |
| 2017 | 9.0% | RM297.35 Million | RM3.32 Billion | RM1.48 Billion | RM1.19 Billion | ▼ -19.5 pp |
| 2016 | 28.5% | RM847.59 Million | RM2.98 Billion | RM1.34 Billion | RM497.03 Million | ▲ +31.7 pp |
| 2015 | -3.3% | RM-84.00 Million | RM2.57 Billion | RM1.53 Billion | RM1.62 Billion | ▼ -3.6 pp |
| 2014 | 0.3% | RM8.00 Million | RM2.40 Billion | RM1.49 Billion | RM1.48 Billion | ▼ -16.0 pp |
| 2013 | 16.3% | RM381.00 Million | RM2.34 Billion | RM1.47 Billion | RM1.09 Billion | ▼ -1.3 pp |
| 2012 | 17.6% | RM443.00 Million | RM2.52 Billion | RM1.13 Billion | RM687.00 Million | — |