Mulpha International Bhd (3905) — Working Capital to Net Assets Ratio
Mulpha International Bhd (3905) has a Working Capital to Net Assets ratio of 11.2% as of June 2026. Working capital of RM449.80 Million (current assets of RM2.09 Billion minus current liabilities of RM1.64 Billion) is measured against net assets of RM4.02 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mulpha International Bhd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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 June 2026, the ratio stands at 11.2%, reflecting working capital of RM449.80 Million against net assets of RM4.02 Billion MYR. For the complete balance sheet picture, see Mulpha International Bhd asset portfolio.
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. Check 3905 financial resilience to evaluate the company's liquid asset resilience ratio.
| 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 | — |