Song Hong Garment JSC (MSH) — Working Capital to Net Assets Ratio
Song Hong Garment JSC (MSH) has a Working Capital to Net Assets ratio of 65.9% as of December 2025. Working capital of ₫1.46 Trillion (current assets of ₫3.28 Trillion minus current liabilities of ₫1.82 Trillion) is measured against net assets of ₫2.21 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Song Hong Garment JSC defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Song Hong Garment JSC Working Capital to Net Assets (2020–2025)
This chart shows how Song Hong Garment JSC's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of December 2025, the ratio stands at 65.9%, reflecting working capital of ₫1.46 Trillion against net assets of ₫2.21 Trillion VND. For the complete balance sheet picture, see how large is Song Hong Garment JSC's balance sheet.
Annual Working Capital to Net Assets for Song Hong Garment JSC (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Song Hong Garment JSC from 2020 to 2025, 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. Check MSH asset resilience 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 | 65.8% | ₫1.45 Trillion | ₫2.21 Trillion | ₫3.28 Trillion | ₫1.83 Trillion | ▼ -1.8 pp |
| 2024 | 67.6% | ₫1.39 Trillion | ₫2.06 Trillion | ₫3.25 Trillion | ₫1.86 Trillion | ▲ +0.3 pp |
| 2023 | 67.3% | ₫1.22 Trillion | ₫1.81 Trillion | ₫2.55 Trillion | ₫1.34 Trillion | ▲ +4.9 pp |
| 2022 | 62.4% | ₫1.07 Trillion | ₫1.72 Trillion | ₫2.34 Trillion | ₫1.27 Trillion | ▼ -1.8 pp |
| 2021 | 64.2% | ₫960.55 Billion | ₫1.50 Trillion | ₫2.49 Trillion | ₫1.53 Trillion | ▲ +7.7 pp |
| 2020 | 56.6% | ₫815.69 Billion | ₫1.44 Trillion | ₫2.00 Trillion | ₫1.19 Trillion | — |