Vietnam Airlines JSC (HVN) — Working Capital to Net Assets Ratio
Vietnam Airlines JSC (HVN) has a Working Capital to Net Assets ratio of 1136.3% as of June 2025. Working capital of ₫-35.23 Trillion (current assets of ₫21.95 Trillion minus current liabilities of ₫57.18 Trillion) is measured against net assets of ₫-3.10 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Vietnam Airlines JSC (HVN) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vietnam Airlines JSC Working Capital to Net Assets (2019–2024)
This chart shows how Vietnam Airlines JSC's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of June 2025, the ratio stands at 1136.3%, reflecting working capital of ₫-35.23 Trillion against net assets of ₫-3.10 Trillion VND. See defensive interval ratio of Vietnam Airlines JSC to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Vietnam Airlines JSC (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vietnam Airlines JSC from 2019 to 2024, covering 6 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 Vietnam Airlines JSC (HVN) total market value.
| Year | WC/NA Ratio | Working Capital (VND) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 426.2% | ₫-39.82 Trillion | ₫-9.34 Trillion | ₫17.34 Trillion | ₫57.16 Trillion | ▲ +154.3 pp |
| 2023 | 271.9% | ₫-46.29 Trillion | ₫-17.03 Trillion | ₫14.88 Trillion | ₫61.17 Trillion | ▼ -97.4 pp |
| 2022 | 369.3% | ₫-40.82 Trillion | ₫-11.06 Trillion | ₫12.32 Trillion | ₫53.14 Trillion | ▲ +6061.2 pp |
| 2021 | -5691.9% | ₫-29.84 Trillion | ₫524.21 Billion | ₫11.36 Trillion | ₫41.19 Trillion | ▼ -5289.2 pp |
| 2020 | -402.7% | ₫-24.46 Trillion | ₫6.07 Trillion | ₫8.25 Trillion | ₫32.71 Trillion | ▼ -337.5 pp |
| 2019 | -65.2% | ₫-12.13 Trillion | ₫18.61 Trillion | ₫19.29 Trillion | ₫31.42 Trillion | — |