Mercuries & Associates Holding Ltd (2905) — Working Capital to Net Assets Ratio
Mercuries & Associates Holding Ltd (2905) has a Working Capital to Net Assets ratio of 320.7% as of September 2025. Working capital of NT$157.41 Billion (current assets of NT$176.39 Billion minus current liabilities of NT$18.98 Billion) is measured against net assets of NT$49.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mercuries & Associates Holding Ltd (2905) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mercuries & Associates Holding Ltd Working Capital to Net Assets (2004–2024)
This chart shows how Mercuries & Associates Holding Ltd's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 320.7%, reflecting working capital of NT$157.41 Billion against net assets of NT$49.08 Billion TWD. Check Mercuries & Associates Holding Ltd (2905) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Mercuries & Associates Holding Ltd (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mercuries & Associates Holding Ltd from 2004 to 2024, 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 2905 stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 209.4% | NT$105.07 Billion | NT$50.18 Billion | NT$125.55 Billion | NT$20.47 Billion | ▼ -76.2 pp |
| 2023 | 285.6% | NT$137.99 Billion | NT$48.31 Billion | NT$157.90 Billion | NT$19.91 Billion | ▼ -112.7 pp |
| 2022 | 398.4% | NT$126.16 Billion | NT$31.67 Billion | NT$140.69 Billion | NT$14.53 Billion | ▲ +25.7 pp |
| 2021 | 372.7% | NT$176.01 Billion | NT$47.23 Billion | NT$193.13 Billion | NT$17.12 Billion | ▲ +63.8 pp |
| 2020 | 308.9% | NT$144.60 Billion | NT$46.81 Billion | NT$162.24 Billion | NT$17.64 Billion | ▼ -80.5 pp |
| 2019 | 389.4% | NT$170.74 Billion | NT$43.85 Billion | NT$187.58 Billion | NT$16.84 Billion | ▼ -123.7 pp |
| 2018 | 513.0% | NT$147.85 Billion | NT$28.82 Billion | NT$160.85 Billion | NT$13.00 Billion | ▲ +354.3 pp |
| 2017 | 158.8% | NT$64.85 Billion | NT$40.85 Billion | NT$80.26 Billion | NT$15.41 Billion | ▼ -32.0 pp |
| 2016 | 190.7% | NT$64.02 Billion | NT$33.56 Billion | NT$79.17 Billion | NT$15.16 Billion | ▼ -342.1 pp |
| 2015 | 532.8% | NT$152.81 Billion | NT$28.68 Billion | NT$165.33 Billion | NT$12.52 Billion | ▲ +63.0 pp |
| 2014 | 469.8% | NT$130.73 Billion | NT$27.83 Billion | NT$149.23 Billion | NT$18.50 Billion | ▲ +321.3 pp |
| 2013 | 148.6% | NT$35.01 Billion | NT$23.56 Billion | NT$46.63 Billion | NT$11.63 Billion | ▲ +188.8 pp |
| 2012 | -40.2% | NT$-10.64 Billion | NT$26.44 Billion | NT$2.61 Billion | NT$13.25 Billion | ▼ -421.5 pp |
| 2011 | 381.3% | NT$47.12 Billion | NT$12.36 Billion | NT$60.91 Billion | NT$13.78 Billion | ▲ +430.6 pp |
| 2010 | -49.3% | NT$-8.72 Billion | NT$17.69 Billion | NT$1.95 Billion | NT$10.67 Billion | ▼ -49.6 pp |
| 2009 | 0.3% | NT$28.89 Million | NT$10.27 Billion | NT$2.15 Billion | NT$2.12 Billion | ▼ -181.5 pp |
| 2008 | 181.8% | NT$14.21 Billion | NT$7.82 Billion | NT$24.14 Billion | NT$9.93 Billion | ▲ +20.5 pp |
| 2007 | 161.3% | NT$23.23 Billion | NT$14.40 Billion | NT$40.96 Billion | NT$17.73 Billion | ▼ -104.3 pp |
| 2006 | 265.6% | NT$35.68 Billion | NT$13.43 Billion | NT$51.38 Billion | NT$15.70 Billion | ▲ +92.6 pp |
| 2005 | 173.0% | NT$20.70 Billion | NT$11.97 Billion | NT$33.33 Billion | NT$12.63 Billion | ▲ +139.7 pp |
| 2004 | 33.3% | NT$2.22 Billion | NT$6.65 Billion | NT$8.29 Billion | NT$6.07 Billion | — |