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 5009 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see 5009 total assets.
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. Check 5009 asset liquidity ratio 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 | 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 | — |