First Tractor Co Ltd (601038) — Net Asset Quality Index
First Tractor Co Ltd (601038) has a Net Asset Quality Index of 55.9% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CN¥15.10 Billion minus total liabilities of CN¥6.66 Billion yields net assets of CN¥8.44 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check First Tractor Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
First Tractor Co Ltd Net Asset Quality Index Over Time (2004–2025)
This chart shows how First Tractor Co Ltd's Net Asset Quality Index has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the index stands at 55.9%, representing net assets of CN¥8.44 Billion against total assets of CN¥15.10 Billion CNY. See 601038 current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for First Tractor Co Ltd (2004–2025)
The table below presents the year-by-year Net Asset Quality Index for First Tractor Co Ltd from 2004 to 2025, covering 22 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see market cap of First Tractor Co Ltd.
| Year | Quality Index | Net Assets (CNY) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 55.9% | CN¥8.44 Billion | CN¥15.10 Billion | CN¥6.66 Billion | ▲ +2.9 pp |
| 2024 | 52.9% | CN¥7.78 Billion | CN¥14.69 Billion | CN¥6.91 Billion | ▲ +0.7 pp |
| 2023 | 52.2% | CN¥7.22 Billion | CN¥13.82 Billion | CN¥6.60 Billion | ▲ +2.2 pp |
| 2022 | 50.0% | CN¥6.50 Billion | CN¥12.99 Billion | CN¥6.49 Billion | ▲ +1.6 pp |
| 2021 | 48.5% | CN¥5.98 Billion | CN¥12.34 Billion | CN¥6.36 Billion | ▲ +8.2 pp |
| 2020 | 40.3% | CN¥4.98 Billion | CN¥12.34 Billion | CN¥7.37 Billion | ▼ -0.8 pp |
| 2019 | 41.1% | CN¥4.78 Billion | CN¥11.63 Billion | CN¥6.85 Billion | ▲ +5.7 pp |
| 2018 | 35.4% | CN¥4.66 Billion | CN¥13.14 Billion | CN¥8.48 Billion | ▼ -3.1 pp |
| 2017 | 38.6% | CN¥5.44 Billion | CN¥14.10 Billion | CN¥8.66 Billion | ▼ -3.1 pp |
| 2016 | 41.7% | CN¥5.50 Billion | CN¥13.21 Billion | CN¥7.71 Billion | ▲ +1.0 pp |
| 2015 | 40.7% | CN¥5.40 Billion | CN¥13.27 Billion | CN¥7.87 Billion | ▼ -2.4 pp |
| 2014 | 43.1% | CN¥5.32 Billion | CN¥12.36 Billion | CN¥7.03 Billion | ▼ -1.7 pp |
| 2013 | 44.8% | CN¥5.23 Billion | CN¥11.67 Billion | CN¥6.44 Billion | ▼ -0.8 pp |
| 2012 | 45.6% | CN¥4.89 Billion | CN¥10.73 Billion | CN¥5.84 Billion | ▲ +4.4 pp |
| 2011 | 41.2% | CN¥3.78 Billion | CN¥9.17 Billion | CN¥5.39 Billion | ▼ -1.3 pp |
| 2010 | 42.5% | CN¥3.54 Billion | CN¥8.34 Billion | CN¥4.80 Billion | ▼ -8.4 pp |
| 2009 | 50.9% | CN¥3.07 Billion | CN¥6.04 Billion | CN¥2.97 Billion | ▲ +1.8 pp |
| 2008 | 49.0% | CN¥2.82 Billion | CN¥5.74 Billion | CN¥2.93 Billion | ▼ -1.6 pp |
| 2007 | 50.6% | CN¥2.78 Billion | CN¥5.49 Billion | CN¥2.71 Billion | ▲ +2.4 pp |
| 2006 | 48.2% | CN¥2.40 Billion | CN¥4.99 Billion | CN¥2.59 Billion | ▼ -9.3 pp |
| 2005 | 57.4% | CN¥2.19 Billion | CN¥3.82 Billion | CN¥1.63 Billion | ▼ -3.9 pp |
| 2004 | 61.3% | CN¥2.24 Billion | CN¥3.65 Billion | CN¥1.41 Billion | — |