Mulpha International Bhd (3905) — Working Capital to Net Assets Ratio
Mulpha International Bhd (3905) has a Working Capital to Net Assets ratio of 45.3% as of December 2025. Working capital of RM1.70 Billion (current assets of RM2.42 Billion minus current liabilities of RM723.37 Million) is measured against net assets of RM3.74 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Mulpha International Bhd to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 45.3%, reflecting working capital of RM1.70 Billion against net assets of RM3.74 Billion MYR. Check 3905 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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 (3905) market capitalisation.
| 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 | — |