Hoa Phat Group JSC (HPG) — Working Capital to Net Assets Ratio
Hoa Phat Group JSC (HPG) has a Working Capital to Net Assets ratio of 12.9% as of March 2026. Working capital of ₫18.00 Trillion (current assets of ₫104.37 Trillion minus current liabilities of ₫86.37 Trillion) is measured against net assets of ₫139.78 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See HPG net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hoa Phat Group JSC Working Capital to Net Assets (2019–2025)
This chart shows how Hoa Phat Group JSC's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 12.9%, reflecting working capital of ₫18.00 Trillion against net assets of ₫139.78 Trillion VND. Check HPG goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Hoa Phat Group JSC (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hoa Phat Group JSC from 2019 to 2025, covering 7 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 market value of Hoa Phat Group JSC.
| Year | WC/NA Ratio | Working Capital (VND) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 7.2% | ₫9.47 Trillion | ₫131.22 Trillion | ₫103.66 Trillion | ₫94.19 Trillion | ▼ -2.8 pp |
| 2024 | 10.1% | ₫11.53 Trillion | ₫114.65 Trillion | ₫87.03 Trillion | ₫75.50 Trillion | ▼ -0.8 pp |
| 2023 | 10.9% | ₫11.20 Trillion | ₫102.84 Trillion | ₫82.72 Trillion | ₫71.51 Trillion | ▼ -8.0 pp |
| 2022 | 18.9% | ₫18.13 Trillion | ₫96.11 Trillion | ₫80.51 Trillion | ₫62.39 Trillion | ▼ -3.9 pp |
| 2021 | 22.8% | ₫20.70 Trillion | ₫90.78 Trillion | ₫94.15 Trillion | ₫73.46 Trillion | ▲ +14.7 pp |
| 2020 | 8.1% | ₫4.77 Trillion | ₫59.22 Trillion | ₫56.75 Trillion | ₫51.98 Trillion | ▲ +0.8 pp |
| 2019 | 7.2% | ₫3.45 Trillion | ₫47.79 Trillion | ₫30.44 Trillion | ₫26.98 Trillion | — |