White Horse Bhd (5009) — Working Capital to Net Assets Ratio
White Horse Bhd (5009) has a Working Capital to Net Assets ratio of 57.3% as of December 2025. Working capital of RM314.48 Million (current assets of RM424.11 Million minus current liabilities of RM109.64 Million) is measured against net assets of RM548.88 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 5009 net asset quality index to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 57.3%, reflecting working capital of RM314.48 Million against net assets of RM548.88 Million MYR. Check 5009 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
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 market cap of White Horse Bhd.
| 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 | — |