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 operational self-sufficiency of Hoa Phat Group JSC to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see Hoa Phat Group JSC asset portfolio.
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. Check HPG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |