China Express Airlines Co Ltd Class A (002928) — Tangible Net Worth Ratio
China Express Airlines Co Ltd Class A (002928) has a Tangible Net Worth Ratio of 97.7% as of March 2026. This metric is calculated by deducting intangible assets (CN¥92.67 Million) from net assets (CN¥3.98 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 China Express Airlines Co Ltd Class A (002928) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
China Express Airlines Co Ltd Class A Tangible Net Worth Ratio (2013–2025)
This chart shows how China Express Airlines Co Ltd Class A's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 97.7%, reflecting net assets of CN¥3.98 Billion with intangible assets of CN¥92.67 Million CNY. See how many days can China Express Airlines Co Ltd Class A fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for China Express Airlines Co Ltd Class A (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for China Express Airlines Co Ltd Class A from 2013 to 2025, covering 13 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 China Express Airlines Co Ltd Class A market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.5% | CN¥3.87 Billion | CN¥94.83 Million | CN¥23.81 Billion | ▲ +0.6 pp |
| 2024 | 97.0% | CN¥3.36 Billion | CN¥101.06 Million | CN¥20.70 Billion | ▲ +2.8 pp |
| 2023 | 94.2% | CN¥3.09 Billion | CN¥177.92 Million | CN¥18.18 Billion | ▼ -1.1 pp |
| 2022 | 95.4% | CN¥4.05 Billion | CN¥187.08 Million | CN¥17.50 Billion | ▲ +0.4 pp |
| 2021 | 95.0% | CN¥3.62 Billion | CN¥181.84 Million | CN¥16.21 Billion | ▼ -0.3 pp |
| 2020 | 95.3% | CN¥3.95 Billion | CN¥186.18 Million | CN¥11.53 Billion | ▲ +0.2 pp |
| 2019 | 95.1% | CN¥2.78 Billion | CN¥137.33 Million | CN¥9.79 Billion | ▼ -0.5 pp |
| 2018 | 95.5% | CN¥2.12 Billion | CN¥95.05 Million | CN¥7.79 Billion | ▲ +2.1 pp |
| 2017 | 93.4% | CN¥1.15 Billion | CN¥75.63 Million | CN¥5.49 Billion | ▼ -3.1 pp |
| 2016 | 96.6% | CN¥793.93 Million | CN¥27.22 Million | CN¥3.62 Billion | ▼ -2.1 pp |
| 2015 | 98.6% | CN¥449.62 Million | CN¥6.19 Million | CN¥2.46 Billion | ▲ +0.4 pp |
| 2014 | 98.2% | CN¥255.63 Million | CN¥4.50 Million | CN¥1.81 Billion | ▲ +0.0 pp |
| 2013 | 98.2% | CN¥132.35 Million | CN¥2.37 Million | CN¥1.57 Billion | — |