Tenaga Nasional Bhd (5347) — Working Capital to Net Assets Ratio
Tenaga Nasional Bhd (5347) has a Working Capital to Net Assets ratio of -15.2% as of December 2025. Working capital of RM-8.07 Billion (current assets of RM28.52 Billion minus current liabilities of RM36.59 Billion) is measured against net assets of RM52.97 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 5347 FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tenaga Nasional Bhd Working Capital to Net Assets (2005–2025)
This chart shows how Tenaga Nasional Bhd's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at -15.2%, reflecting working capital of RM-8.07 Billion against net assets of RM52.97 Billion MYR. See 5347 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tenaga Nasional Bhd (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tenaga Nasional Bhd from 2005 to 2025, covering 21 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 Tenaga Nasional Bhd (5347) total market value.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -15.2% | RM-8.07 Billion | RM52.97 Billion | RM28.52 Billion | RM36.59 Billion | ▼ -25.4 pp |
| 2024 | 10.1% | RM6.34 Billion | RM62.57 Billion | RM40.31 Billion | RM33.97 Billion | ▼ -2.6 pp |
| 2023 | 12.8% | RM7.81 Billion | RM61.11 Billion | RM40.65 Billion | RM32.84 Billion | ▲ +0.5 pp |
| 2022 | 12.2% | RM7.46 Billion | RM60.97 Billion | RM45.06 Billion | RM37.60 Billion | ▲ +12.6 pp |
| 2021 | -0.3% | RM-194.30 Million | RM58.39 Billion | RM27.02 Billion | RM27.22 Billion | ▲ +1.4 pp |
| 2020 | -1.7% | RM-998.80 Million | RM57.45 Billion | RM27.80 Billion | RM28.80 Billion | ▼ -5.0 pp |
| 2019 | 3.3% | RM1.95 Billion | RM59.28 Billion | RM25.75 Billion | RM23.80 Billion | ▼ -11.9 pp |
| 2018 | 15.2% | RM8.98 Billion | RM59.05 Billion | RM30.75 Billion | RM21.77 Billion | ▼ -6.0 pp |
| 2017 | 21.2% | RM12.19 Billion | RM57.58 Billion | RM27.52 Billion | RM15.33 Billion | ▲ +0.9 pp |
| 2016 | 20.3% | RM10.67 Billion | RM52.60 Billion | RM26.76 Billion | RM16.08 Billion | ▲ +13.5 pp |
| 2015 | 6.7% | RM3.20 Billion | RM47.47 Billion | RM18.80 Billion | RM15.59 Billion | ▼ -8.3 pp |
| 2014 | 15.1% | RM6.54 Billion | RM43.46 Billion | RM20.01 Billion | RM13.46 Billion | ▼ -12.0 pp |
| 2013 | 27.1% | RM9.58 Billion | RM35.39 Billion | RM20.46 Billion | RM10.88 Billion | ▲ +1.4 pp |
| 2012 | 25.7% | RM9.35 Billion | RM36.40 Billion | RM18.68 Billion | RM9.33 Billion | ▲ +11.2 pp |
| 2011 | 14.4% | RM4.37 Billion | RM30.27 Billion | RM12.92 Billion | RM8.55 Billion | ▼ -3.2 pp |
| 2010 | 17.7% | RM5.09 Billion | RM28.81 Billion | RM14.80 Billion | RM9.70 Billion | ▼ -0.3 pp |
| 2009 | 18.0% | RM4.70 Billion | RM26.05 Billion | RM11.96 Billion | RM7.26 Billion | ▲ +0.6 pp |
| 2008 | 17.5% | RM4.50 Billion | RM25.76 Billion | RM11.16 Billion | RM6.66 Billion | ▲ +3.2 pp |
| 2007 | 14.2% | RM3.43 Billion | RM24.10 Billion | RM10.20 Billion | RM6.77 Billion | ▲ +0.4 pp |
| 2006 | 13.8% | RM2.71 Billion | RM19.55 Billion | RM9.37 Billion | RM6.67 Billion | ▲ +4.8 pp |
| 2005 | 9.1% | RM1.47 Billion | RM16.20 Billion | RM8.28 Billion | RM6.82 Billion | — |