AirAsia X Bhd (5238) — Working Capital to Net Assets Ratio
AirAsia X Bhd (5238) has a Working Capital to Net Assets ratio of -94.7% as of December 2025. Working capital of RM-491.68 Million (current assets of RM805.46 Million minus current liabilities of RM1.30 Billion) is measured against net assets of RM519.06 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 5238 net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
AirAsia X Bhd Working Capital to Net Assets (2012–2025)
This chart shows how AirAsia X Bhd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2012 to 2025. As of December 2025, the ratio stands at -94.7%, reflecting working capital of RM-491.68 Million against net assets of RM519.06 Million MYR. Check AirAsia X Bhd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for AirAsia X Bhd (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for AirAsia X Bhd from 2012 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 AirAsia X Bhd market capitalisation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -94.7% | RM-491.68 Million | RM519.06 Million | RM805.46 Million | RM1.30 Billion | ▲ +42.6 pp |
| 2024 | -137.3% | RM-479.46 Million | RM349.18 Million | RM755.64 Million | RM1.24 Billion | ▲ +326.3 pp |
| 2023 | -463.6% | RM-538.59 Million | RM116.17 Million | RM703.08 Million | RM1.24 Billion | ▼ -606.4 pp |
| 2022 | 142.8% | RM-370.14 Million | RM-259.23 Million | RM550.15 Million | RM920.29 Million | ▲ +41.3 pp |
| 2020 | 101.5% | RM-34.06 Billion | RM-33.57 Billion | RM350.02 Million | RM34.41 Billion | ▲ +885.1 pp |
| 2019 | -783.6% | RM-1.08 Billion | RM137.87 Million | RM1.50 Billion | RM2.58 Billion | ▼ -674.9 pp |
| 2018 | -108.7% | RM-623.68 Million | RM573.66 Million | RM1.55 Billion | RM2.17 Billion | ▲ +4.0 pp |
| 2017 | -112.7% | RM-1.11 Billion | RM988.61 Million | RM1.11 Billion | RM2.22 Billion | ▼ -39.5 pp |
| 2016 | -73.2% | RM-729.26 Million | RM996.87 Million | RM1.32 Billion | RM2.05 Billion | ▲ +114.6 pp |
| 2015 | -187.7% | RM-1.19 Billion | RM631.81 Million | RM814.89 Million | RM2.00 Billion | ▲ +19.9 pp |
| 2014 | -207.7% | RM-1.46 Billion | RM704.00 Million | RM504.00 Million | RM1.97 Billion | ▼ -145.9 pp |
| 2013 | -61.7% | RM-763.00 Million | RM1.24 Billion | RM453.00 Million | RM1.22 Billion | ▲ +50.7 pp |
| 2012 | -112.4% | RM-653.00 Million | RM581.00 Million | RM323.00 Million | RM976.00 Million | — |