MST GOLF GROUP BERHAD (5316) — Working Capital to Net Assets Ratio
MST GOLF GROUP BERHAD (5316) has a Working Capital to Net Assets ratio of 81.9% as of March 2026. Working capital of RM190.32 Million (current assets of RM256.86 Million minus current liabilities of RM66.53 Million) is measured against net assets of RM232.35 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MST GOLF GROUP BERHAD (5316) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MST GOLF GROUP BERHAD Working Capital to Net Assets (2020–2025)
This chart shows how MST GOLF GROUP BERHAD's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 81.9%, reflecting working capital of RM190.32 Million against net assets of RM232.35 Million MYR. See 5316 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for MST GOLF GROUP BERHAD (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MST GOLF GROUP BERHAD from 2020 to 2025, covering 6 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 MST GOLF GROUP BERHAD stock valuation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 81.4% | RM194.62 Million | RM238.96 Million | RM242.38 Million | RM47.76 Million | ▼ -0.1 pp |
| 2024 | 81.5% | RM205.14 Million | RM251.59 Million | RM275.28 Million | RM70.14 Million | ▼ -0.5 pp |
| 2023 | 82.0% | RM209.57 Million | RM255.58 Million | RM300.87 Million | RM91.31 Million | ▲ +20.5 pp |
| 2022 | 61.5% | RM58.84 Million | RM95.62 Million | RM166.94 Million | RM108.10 Million | ▲ +3.2 pp |
| 2021 | 58.4% | RM26.30 Million | RM45.08 Million | RM125.91 Million | RM99.60 Million | ▲ +1.3 pp |
| 2020 | 57.1% | RM21.79 Million | RM38.19 Million | RM99.91 Million | RM78.12 Million | — |