Hoasen Group (HSG) — Working Capital to Net Assets Ratio
Hoasen Group (HSG) has a Working Capital to Net Assets ratio of 33.3% as of December 2025. Working capital of ₫3.79 Trillion (current assets of ₫13.46 Trillion minus current liabilities of ₫9.67 Trillion) is measured against net assets of ₫11.38 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Hoasen Group balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hoasen Group Working Capital to Net Assets (2019–2025)
This chart shows how Hoasen Group's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 33.3%, reflecting working capital of ₫3.79 Trillion against net assets of ₫11.38 Trillion VND. Check HSG intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Hoasen Group (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hoasen Group 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 Hoasen Group.
| Year | WC/NA Ratio | Working Capital (VND) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 36.3% | ₫4.12 Trillion | ₫11.34 Trillion | ₫11.72 Trillion | ₫7.60 Trillion | ▼ -14.4 pp |
| 2024 | 50.7% | ₫5.53 Trillion | ₫10.91 Trillion | ₫14.16 Trillion | ₫8.63 Trillion | ▲ +7.0 pp |
| 2023 | 43.7% | ₫4.71 Trillion | ₫10.78 Trillion | ₫11.27 Trillion | ₫6.57 Trillion | ▲ +8.5 pp |
| 2022 | 35.2% | ₫3.83 Trillion | ₫10.88 Trillion | ₫9.83 Trillion | ₫6.01 Trillion | ▼ -4.4 pp |
| 2021 | 39.5% | ₫4.28 Trillion | ₫10.83 Trillion | ₫18.66 Trillion | ₫14.37 Trillion | ▲ +39.1 pp |
| 2020 | 0.5% | ₫30.83 Billion | ₫6.59 Trillion | ₫9.02 Trillion | ₫8.99 Trillion | ▲ +26.3 pp |
| 2019 | -25.8% | ₫-1.41 Trillion | ₫5.47 Trillion | ₫7.36 Trillion | ₫8.77 Trillion | — |