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 MSH net asset quality score to measure how much of total assets are equity-financed.
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. Check MSH tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see Song Hong Garment JSC market cap and net worth.
| 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 | — |