Zhejiang Weixing Industrial Development Co Ltd Asset Resilience Ratio
Zhejiang Weixing Industrial Development Co Ltd asset resilience ratio. Zhejiang Weixing Industrial Development Co Ltd (002003) has an Asset Resilience Ratio of 0.24% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See Zhejiang Weixing Industrial Development liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Zhejiang Weixing Industrial Development Co Ltd (2015–2023)
Asset resilience ratio of Zhejiang Weixing Industrial Development Co Ltd from 2015 to 2023. This chart shows how Zhejiang Weixing Industrial Development Co Ltd's Asset Resilience Ratio has changed over time. Read 002003 total liabilities for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Zhejiang Weixing Industrial Development Co Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see 002003 total asset value.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 0% |
| Short-term Investments | CN¥16.00 Million | 0.24% |
| Total Liquid Assets | CN¥16.00 Million | 0.24% |
Asset Resilience Insights
- Limited Liquidity: Zhejiang Weixing Industrial Development Co Ltd maintains only 0.24% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Zhejiang Weixing Industrial Development Co Ltd Industry Peers by Asset Resilience Ratio
Compare Zhejiang Weixing Industrial Development Co Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Dazzle Fashion Co Ltd
SHG:603587 |
Apparel Manufacturing | 12.60% |
|
Guararapes Confecções S.A
SA:GUAR3 |
Apparel Manufacturing | 6.02% |
|
Xin Hee Co Ltd
SHE:003016 |
Apparel Manufacturing | 7.64% |
|
Van de Velde NV
BR:VAN |
Apparel Manufacturing | 19.28% |
|
Anzheng Fashion
SHG:603839 |
Apparel Manufacturing | 6.46% |
|
Sun Tekstil Sanayi ve Ticaret A.S.
IS:SUNTK |
Apparel Manufacturing | 8.02% |
|
Globe International Ltd
AU:GLB |
Apparel Manufacturing | 0.60% |
|
GLG Corp Ltd
AU:GLE |
Apparel Manufacturing | 13.14% |
Zhejiang Weixing Industrial Development Co Ltd Asset Resilience Ratio by Year (2015–2023)
Zhejiang Weixing Industrial Development Co Ltd asset resilience ratio by year from 2015 to 2023. The table below shows the annual Asset Resilience Ratio data for Zhejiang Weixing Industrial Development Co Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | -0.32% | CN¥-19.22 Million ≈ $-2.81 Million |
CN¥6.03 Billion ≈ $882.33 Million |
+1.90pp |
| 2022-12-31 | -2.22% | CN¥-105.91 Million ≈ $-15.50 Million |
CN¥4.77 Billion ≈ $698.46 Million |
-1.78pp |
| 2021-12-31 | -0.43% | CN¥-17.57 Million ≈ $-2.57 Million |
CN¥4.04 Billion ≈ $591.04 Million |
-1.17pp |
| 2020-12-31 | 0.73% | CN¥25.00 Million ≈ $3.66 Million |
CN¥3.40 Billion ≈ $497.93 Million |
+1.29pp |
| 2019-12-31 | -0.56% | CN¥-19.40 Million ≈ $-2.84 Million |
CN¥3.47 Billion ≈ $508.46 Million |
-1.44pp |
| 2018-12-31 | 0.88% | CN¥27.97 Million ≈ $4.09 Million |
CN¥3.17 Billion ≈ $464.28 Million |
-2.86pp |
| 2016-12-31 | 3.74% | CN¥100.00 Million ≈ $14.63 Million |
CN¥2.67 Billion ≈ $391.39 Million |
-2.07pp |
| 2015-12-31 | 5.81% | CN¥125.00 Million ≈ $18.29 Million |
CN¥2.15 Billion ≈ $315.07 Million |
-- |
About Zhejiang Weixing Industrial Development Co Ltd
Zhejiang Weixing Industrial Development Co., Ltd. engages in the production and sale of clothing accessories in China and internationally. Its products include buttons, zippers, metal and plastic, ribbons, ropes, labels, signs, and other clothing and luggage accessories products under SAB brand. The company was founded in 1976 and is based in Linhai, China.