Southern Acids (M) Bhd (5134) — Working Capital to Net Assets Ratio
Southern Acids (M) Bhd (5134) has a Working Capital to Net Assets ratio of 57.9% as of December 2025. Working capital of RM503.13 Million (current assets of RM596.24 Million minus current liabilities of RM93.11 Million) is measured against net assets of RM868.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 5134 net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Southern Acids (M) Bhd Working Capital to Net Assets (2013–2025)
This chart shows how Southern Acids (M) Bhd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 57.9%, reflecting working capital of RM503.13 Million against net assets of RM868.60 Million MYR. Check tangible equity quality of Southern Acids (M) Bhd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Southern Acids (M) Bhd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Southern Acids (M) Bhd from 2013 to 2025, covering 13 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 5134 market cap overview.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 66.2% | RM515.88 Million | RM779.74 Million | RM608.61 Million | RM92.73 Million | ▲ +0.7 pp |
| 2024 | 65.4% | RM510.04 Million | RM779.57 Million | RM612.70 Million | RM102.66 Million | ▼ -2.9 pp |
| 2023 | 68.3% | RM515.84 Million | RM754.93 Million | RM591.77 Million | RM75.93 Million | ▲ +2.7 pp |
| 2022 | 65.7% | RM477.72 Million | RM727.47 Million | RM593.12 Million | RM115.40 Million | ▲ +9.3 pp |
| 2021 | 56.3% | RM359.16 Million | RM637.66 Million | RM433.06 Million | RM73.90 Million | ▲ +4.0 pp |
| 2020 | 52.3% | RM310.86 Million | RM594.42 Million | RM362.44 Million | RM51.57 Million | ▲ +5.6 pp |
| 2019 | 46.7% | RM280.61 Million | RM601.28 Million | RM341.17 Million | RM60.56 Million | ▲ +0.2 pp |
| 2018 | 46.4% | RM272.27 Million | RM586.38 Million | RM339.65 Million | RM67.37 Million | ▼ -1.8 pp |
| 2017 | 48.2% | RM274.34 Million | RM568.76 Million | RM339.01 Million | RM64.66 Million | ▲ +7.9 pp |
| 2016 | 40.3% | RM225.00 Million | RM558.00 Million | RM281.00 Million | RM56.00 Million | ▲ +1.2 pp |
| 2015 | 39.1% | RM211.00 Million | RM539.00 Million | RM267.00 Million | RM56.00 Million | ▼ -2.9 pp |
| 2014 | 42.1% | RM217.00 Million | RM516.00 Million | RM275.00 Million | RM58.00 Million | ▲ +2.0 pp |
| 2013 | 40.0% | RM193.00 Million | RM482.00 Million | RM248.00 Million | RM55.00 Million | — |