Guangdong Provincial Expressway Development Co Ltd (000429) — Tangible Net Worth Ratio
Guangdong Provincial Expressway Development Co Ltd (000429) has a Tangible Net Worth Ratio of 98.7% as of September 2025. This metric is calculated by deducting intangible assets (CN¥179.50 Million) from net assets (CN¥14.03 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital to net assets of Guangdong Provincial Expressway Developm to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Guangdong Provincial Expressway Development Co Ltd Tangible Net Worth Ratio (1994–2024)
This chart shows how Guangdong Provincial Expressway Development Co Ltd's Tangible Net Worth Ratio has changed across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at 98.7%, reflecting net assets of CN¥14.03 Billion with intangible assets of CN¥179.50 Million CNY. See 000429 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Guangdong Provincial Expressway Development Co Ltd (1994–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Guangdong Provincial Expressway Development Co Ltd from 1994 to 2024, covering 31 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Guangdong Provincial Expressway Developm (000429) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 98.5% | CN¥13.20 Billion | CN¥197.69 Million | CN¥22.44 Billion | ▲ +0.3 pp |
| 2023 | 98.2% | CN¥12.41 Billion | CN¥221.33 Million | CN¥21.37 Billion | ▲ +0.4 pp |
| 2022 | 97.8% | CN¥11.37 Billion | CN¥246.77 Million | CN¥20.27 Billion | ▲ +0.2 pp |
| 2021 | 97.6% | CN¥11.32 Billion | CN¥268.50 Million | CN¥18.88 Billion | ▲ +0.6 pp |
| 2020 | 97.0% | CN¥10.23 Billion | CN¥302.38 Million | CN¥19.75 Billion | ▼ -2.9 pp |
| 2019 | 99.9% | CN¥10.25 Billion | CN¥6.39 Million | CN¥17.67 Billion | ▼ 0.0 pp |
| 2018 | 99.9% | CN¥10.05 Billion | CN¥5.74 Million | CN¥16.30 Billion | ▲ +0.0 pp |
| 2017 | 99.9% | CN¥9.45 Billion | CN¥7.10 Million | CN¥16.52 Billion | ▼ 0.0 pp |
| 2016 | 99.9% | CN¥8.84 Billion | CN¥6.14 Million | CN¥16.07 Billion | ▼ 0.0 pp |
| 2015 | 99.9% | CN¥6.13 Billion | CN¥4.10 Million | CN¥12.11 Billion | ▲ +0.0 pp |
| 2014 | 99.9% | CN¥5.87 Billion | CN¥5.05 Million | CN¥12.51 Billion | ▲ +0.0 pp |
| 2013 | 99.9% | CN¥5.05 Billion | CN¥5.33 Million | CN¥12.69 Billion | ▲ +0.8 pp |
| 2012 | 99.1% | CN¥5.11 Billion | CN¥45.47 Million | CN¥13.15 Billion | ▲ +0.2 pp |
| 2011 | 98.9% | CN¥4.76 Billion | CN¥53.17 Million | CN¥11.80 Billion | ▲ +0.1 pp |
| 2010 | 98.8% | CN¥4.80 Billion | CN¥59.24 Million | CN¥10.53 Billion | ▲ +0.4 pp |
| 2009 | 98.3% | CN¥4.01 Billion | CN¥66.34 Million | CN¥8.92 Billion | ▲ +0.3 pp |
| 2008 | 98.1% | CN¥3.81 Billion | CN¥72.89 Million | CN¥7.26 Billion | ▲ +2.9 pp |
| 2007 | 95.2% | CN¥3.78 Billion | CN¥180.36 Million | CN¥5.80 Billion | ▼ -0.2 pp |
| 2006 | 95.5% | CN¥4.38 Billion | CN¥198.13 Million | CN¥6.67 Billion | ▲ +0.6 pp |
| 2005 | 94.9% | CN¥4.25 Billion | CN¥215.90 Million | CN¥6.80 Billion | ▲ +0.2 pp |
| 2004 | 94.8% | CN¥4.36 Billion | CN¥228.35 Million | CN¥6.81 Billion | ▲ +0.5 pp |
| 2003 | 94.3% | CN¥4.28 Billion | CN¥245.69 Million | CN¥6.66 Billion | ▼ -0.6 pp |
| 2002 | 94.9% | CN¥4.02 Billion | CN¥206.18 Million | CN¥6.14 Billion | ▼ -2.1 pp |
| 2001 | 96.9% | CN¥3.94 Billion | CN¥121.08 Million | CN¥5.78 Billion | ▲ +0.7 pp |
| 2000 | 96.2% | CN¥3.37 Billion | CN¥128.20 Million | CN¥3.79 Billion | ▼ -3.8 pp |
| 1999 | 100.0% | CN¥2.55 Billion | CN¥0.00 | CN¥3.06 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | CN¥2.35 Billion | CN¥0.00 | CN¥2.59 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | CN¥1.74 Billion | CN¥0.00 | CN¥1.91 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | CN¥1.70 Billion | CN¥0.00 | CN¥1.81 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | CN¥1.07 Billion | CN¥0.00 | CN¥1.20 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | CN¥1.06 Billion | CN¥0.00 | CN¥1.17 Billion | — |