Ningbo Water Meter Co Ltd (603700) — Tangible Net Worth Ratio
Ningbo Water Meter Co Ltd (603700) has a Tangible Net Worth Ratio of 97.5% as of September 2025. This metric is calculated by deducting intangible assets (CN¥39.95 Million) from net assets (CN¥1.63 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 Ningbo Water Meter Co Ltd (603700) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ningbo Water Meter Co Ltd Tangible Net Worth Ratio (2013–2024)
This chart shows how Ningbo Water Meter Co Ltd's Tangible Net Worth Ratio has changed across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 97.5%, reflecting net assets of CN¥1.63 Billion with intangible assets of CN¥39.95 Million CNY. See 603700 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Ningbo Water Meter Co Ltd (2013–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Ningbo Water Meter Co Ltd from 2013 to 2024, covering 12 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 Ningbo Water Meter Co Ltd (603700) total market value.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 97.4% | CN¥1.60 Billion | CN¥42.22 Million | CN¥2.28 Billion | ▲ +0.2 pp |
| 2023 | 97.2% | CN¥1.61 Billion | CN¥45.05 Million | CN¥2.28 Billion | ▲ +0.1 pp |
| 2022 | 97.1% | CN¥1.53 Billion | CN¥44.67 Million | CN¥2.35 Billion | ▼ -0.1 pp |
| 2021 | 97.2% | CN¥1.60 Billion | CN¥45.48 Million | CN¥2.22 Billion | ▲ +0.3 pp |
| 2020 | 96.9% | CN¥1.45 Billion | CN¥45.60 Million | CN¥2.06 Billion | ▼ -0.3 pp |
| 2019 | 97.2% | CN¥1.25 Billion | CN¥34.87 Million | CN¥1.70 Billion | ▼ -1.6 pp |
| 2018 | 98.8% | CN¥512.91 Million | CN¥6.14 Million | CN¥824.58 Million | ▲ +0.3 pp |
| 2017 | 98.5% | CN¥420.65 Million | CN¥6.32 Million | CN¥688.83 Million | ▲ +0.1 pp |
| 2016 | 98.4% | CN¥370.98 Million | CN¥5.78 Million | CN¥615.58 Million | ▲ +0.5 pp |
| 2015 | 98.0% | CN¥285.14 Million | CN¥5.73 Million | CN¥483.80 Million | ▲ +2.9 pp |
| 2014 | 95.0% | CN¥192.34 Million | CN¥9.53 Million | CN¥444.86 Million | ▲ +1.6 pp |
| 2013 | 93.5% | CN¥152.56 Million | CN¥9.97 Million | CN¥421.23 Million | — |