Tiong Nam Logistics Holdings Bhd (8397) — Working Capital to Net Assets Ratio
Tiong Nam Logistics Holdings Bhd (8397) has a Working Capital to Net Assets ratio of -33.2% as of September 2025. Working capital of RM-356.28 Million (current assets of RM416.34 Million minus current liabilities of RM772.62 Million) is measured against net assets of RM1.07 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 8397 financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tiong Nam Logistics Holdings Bhd Working Capital to Net Assets (2013–2025)
This chart shows how Tiong Nam Logistics Holdings Bhd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of September 2025, the ratio stands at -33.2%, reflecting working capital of RM-356.28 Million against net assets of RM1.07 Billion MYR. See 8397 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tiong Nam Logistics Holdings Bhd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tiong Nam Logistics Holdings 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 Tiong Nam Logistics Holdings Bhd market capitalisation.
| Year | WC/NA Ratio | Working Capital (MYR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -31.5% | RM-336.02 Million | RM1.07 Billion | RM370.48 Million | RM706.50 Million | ▼ -3.9 pp |
| 2024 | -27.6% | RM-261.97 Million | RM948.59 Million | RM376.94 Million | RM638.90 Million | ▼ -9.8 pp |
| 2023 | -17.8% | RM-158.36 Million | RM889.79 Million | RM409.45 Million | RM567.82 Million | ▼ -15.7 pp |
| 2022 | -2.1% | RM-16.56 Million | RM789.17 Million | RM426.09 Million | RM442.65 Million | ▼ -8.4 pp |
| 2021 | 6.3% | RM49.77 Million | RM791.67 Million | RM495.00 Million | RM445.23 Million | ▲ +11.3 pp |
| 2020 | -5.0% | RM-34.48 Million | RM688.13 Million | RM441.47 Million | RM475.95 Million | ▲ +3.5 pp |
| 2019 | -8.5% | RM-58.72 Million | RM689.38 Million | RM491.14 Million | RM549.86 Million | ▼ -5.7 pp |
| 2018 | -2.8% | RM-19.65 Million | RM693.48 Million | RM480.27 Million | RM499.92 Million | ▼ -13.6 pp |
| 2017 | 10.8% | RM70.05 Million | RM648.93 Million | RM467.74 Million | RM397.69 Million | ▼ -12.5 pp |
| 2016 | 23.3% | RM139.63 Million | RM598.44 Million | RM522.43 Million | RM382.80 Million | ▲ +6.9 pp |
| 2015 | 16.5% | RM79.00 Million | RM480.00 Million | RM526.00 Million | RM447.00 Million | ▼ -12.7 pp |
| 2014 | 29.2% | RM122.00 Million | RM418.00 Million | RM399.00 Million | RM277.00 Million | ▲ +12.4 pp |
| 2013 | 16.8% | RM50.00 Million | RM298.00 Million | RM336.00 Million | RM286.00 Million | — |