Novoray Corporation - Asset Resilience Ratio
Novoray Corporation (688300) has an Asset Resilience Ratio of 9.73% as of September 2025. 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 Novoray Corporation working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2020–2024)
This chart shows how Novoray Corporation's Asset Resilience Ratio has changed over time. For the complete balance sheet picture, see how large is Novoray Corporation's balance sheet.
Liquid Assets Composition Over Time
This chart breaks down Novoray Corporation's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. Read Novoray Corporation balance sheet liabilities for a breakdown of total debt and financial obligations.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 0% |
| Short-term Investments | CN¥215.91 Million | 9.73% |
| Total Liquid Assets | CN¥215.91 Million | 9.73% |
Asset Resilience Insights
- Limited Liquidity: Novoray Corporation maintains only 9.73% 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.
Novoray Corporation Industry Peers by Asset Resilience Ratio
Compare Novoray Corporation's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Peric Special Gases Co. Ltd. A
SHG:688146 |
Specialty Chemicals | 5.10% |
|
Akzo Nobel NV
AS:AKZA |
Specialty Chemicals | 2.16% |
|
Brenntag SE
F:BNR |
Specialty Chemicals | 0.06% |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812 |
Specialty Chemicals | 0.55% |
|
Huaibei Mining Holdings Co Ltd
SHG:600985 |
Specialty Chemicals | 2.33% |
|
LB Group Co Ltd
SHE:002601 |
Specialty Chemicals | 4.81% |
|
Zhongfu Shenying Carbon Fiber Co. Ltd. A
SHG:688295 |
Specialty Chemicals | 2.48% |
|
Suzhou Crystal Clear Chemical Co Ltd
SHE:300655 |
Specialty Chemicals | 18.02% |
Annual Asset Resilience Ratio for Novoray Corporation (2020–2024)
The table below shows the annual Asset Resilience Ratio data for Novoray Corporation.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2024-12-31 | 10.89% | CN¥214.67 Million ≈ $31.41 Million |
CN¥1.97 Billion ≈ $288.56 Million |
-10.52pp |
| 2023-12-31 | 21.41% | CN¥375.66 Million ≈ $54.97 Million |
CN¥1.75 Billion ≈ $256.77 Million |
+1.58pp |
| 2022-12-31 | 19.83% | CN¥304.97 Million ≈ $44.63 Million |
CN¥1.54 Billion ≈ $225.00 Million |
+2.54pp |
| 2021-12-31 | 17.29% | CN¥225.67 Million ≈ $33.02 Million |
CN¥1.30 Billion ≈ $190.95 Million |
+16.19pp |
| 2020-12-31 | 1.10% | CN¥12.05 Million ≈ $1.76 Million |
CN¥1.09 Billion ≈ $159.88 Million |
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About Novoray Corporation
Novoray Corporation provides industrial powder materials in China and internationally. The company offers crystalline silica powder, fused silica powder, soft composite silica powder, round corner crystalline silica powder, spherical silica powder, spherical aluminum oxide powder, sub-micron spherical silica powder, and acicular powder. It serves electronic materials, electrical insulating materi… Read more