White Horse Bhd (5009) — Working Capital to Net Assets Ratio
White Horse Bhd (5009) has a Working Capital to Net Assets ratio of 57.8% as of March 2026. Working capital of RM313.04 Million (current assets of RM412.99 Million minus current liabilities of RM99.95 Million) is measured against net assets of RM541.53 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See White Horse Bhd free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
White Horse Bhd Working Capital to Net Assets (2011–2025)
This chart shows how White Horse Bhd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 57.8%, reflecting working capital of RM313.04 Million against net assets of RM541.53 Million MYR. See defensive interval ratio of White Horse Bhd to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for White Horse Bhd (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for White Horse Bhd from 2011 to 2025, covering 15 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 White Horse Bhd worth.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 57.3% | RM314.48 Million | RM548.88 Million | RM424.11 Million | RM109.64 Million | ▲ +1.9 pp |
| 2024 | 55.4% | RM313.27 Million | RM565.63 Million | RM447.48 Million | RM134.21 Million | ▲ +0.2 pp |
| 2023 | 55.1% | RM322.70 Million | RM585.23 Million | RM470.41 Million | RM147.71 Million | ▲ +4.3 pp |
| 2022 | 50.9% | RM303.75 Million | RM597.15 Million | RM468.02 Million | RM164.27 Million | ▲ +1.8 pp |
| 2021 | 49.1% | RM294.91 Million | RM600.67 Million | RM449.93 Million | RM155.02 Million | ▲ +1.1 pp |
| 2020 | 48.0% | RM282.09 Million | RM587.50 Million | RM513.67 Million | RM231.58 Million | ▲ +5.2 pp |
| 2019 | 42.8% | RM274.82 Million | RM641.98 Million | RM502.33 Million | RM227.50 Million | ▼ -0.9 pp |
| 2018 | 43.7% | RM308.96 Million | RM706.46 Million | RM597.26 Million | RM288.30 Million | ▼ -2.9 pp |
| 2017 | 46.6% | RM347.42 Million | RM745.43 Million | RM649.33 Million | RM301.91 Million | ▼ -0.8 pp |
| 2016 | 47.4% | RM364.28 Million | RM768.30 Million | RM727.77 Million | RM363.49 Million | ▲ +5.5 pp |
| 2015 | 41.9% | RM319.00 Million | RM761.00 Million | RM722.00 Million | RM403.00 Million | ▼ -2.9 pp |
| 2014 | 44.8% | RM331.00 Million | RM739.00 Million | RM672.00 Million | RM341.00 Million | ▼ -2.1 pp |
| 2013 | 46.9% | RM328.00 Million | RM699.00 Million | RM669.00 Million | RM341.00 Million | ▲ +5.9 pp |
| 2012 | 41.0% | RM275.00 Million | RM670.00 Million | RM503.00 Million | RM228.00 Million | ▲ +3.5 pp |
| 2011 | 37.6% | RM246.00 Million | RM655.00 Million | RM466.00 Million | RM220.00 Million | — |