Vinhomes JSC (VHM) — Working Capital to Net Assets Ratio
Vinhomes JSC (VHM) has a Working Capital to Net Assets ratio of 62.8% as of December 2025. Working capital of ₫155.66 Trillion (current assets of ₫500.83 Trillion minus current liabilities of ₫345.17 Trillion) is measured against net assets of ₫247.91 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Vinhomes JSC balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vinhomes JSC Working Capital to Net Assets (2019–2025)
This chart shows how Vinhomes JSC'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 62.8%, reflecting working capital of ₫155.66 Trillion against net assets of ₫247.91 Trillion VND. Check VHM intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Vinhomes JSC (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vinhomes 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. For live market cap and the full company profile, see VHM market cap overview.
| Year | WC/NA Ratio | Working Capital (VND) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 62.8% | ₫155.66 Trillion | ₫247.91 Trillion | ₫500.83 Trillion | ₫345.17 Trillion | ▲ +64.1 pp |
| 2024 | -1.3% | ₫-2.88 Trillion | ₫220.44 Trillion | ₫287.47 Trillion | ₫290.35 Trillion | ▼ -18.4 pp |
| 2023 | 17.1% | ₫31.27 Trillion | ₫182.64 Trillion | ₫242.34 Trillion | ₫211.07 Trillion | ▲ +11.2 pp |
| 2022 | 5.9% | ₫8.77 Trillion | ₫148.52 Trillion | ₫196.54 Trillion | ₫187.76 Trillion | ▼ -8.6 pp |
| 2021 | 14.5% | ₫19.04 Trillion | ₫131.41 Trillion | ₫94.44 Trillion | ₫75.40 Trillion | ▲ +15.7 pp |
| 2020 | -1.2% | ₫-1.07 Trillion | ₫89.13 Trillion | ₫102.31 Trillion | ₫103.39 Trillion | ▼ -29.0 pp |
| 2019 | 27.8% | ₫18.00 Trillion | ₫64.72 Trillion | ₫139.56 Trillion | ₫121.56 Trillion | — |