China Merchants Securities Co. Ltd (195H) — Working Capital to Net Assets Ratio
China Merchants Securities Co. Ltd (195H) has a Working Capital to Net Assets ratio of 120.9% as of June 2023. Working capital of €143.01 Billion (current assets of €547.67 Billion minus current liabilities of €404.67 Billion) is measured against net assets of €118.24 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 195H financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Merchants Securities Co. Ltd Working Capital to Net Assets (2017–2022)
This chart shows how China Merchants Securities Co. Ltd's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2017 to 2022. As of June 2023, the ratio stands at 120.9%, reflecting working capital of €143.01 Billion against net assets of €118.24 Billion EUR. See China Merchants Securities Co. Ltd (195H) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for China Merchants Securities Co. Ltd (2017–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Merchants Securities Co. Ltd from 2017 to 2022, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see China Merchants Securities Co. Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | 166.6% | €191.94 Billion | €115.24 Billion | €529.72 Billion | €337.78 Billion | ▼ -35.5 pp |
| 2021 | 202.1% | €227.51 Billion | €112.59 Billion | €536.53 Billion | €309.02 Billion | ▲ +67.3 pp |
| 2020 | 134.7% | €142.57 Billion | €105.82 Billion | €430.02 Billion | €287.44 Billion | ▲ +47.2 pp |
| 2019 | 87.6% | €74.53 Billion | €85.13 Billion | €313.27 Billion | €238.74 Billion | ▲ +14.2 pp |
| 2018 | 73.4% | €59.27 Billion | €80.79 Billion | €243.14 Billion | €183.87 Billion | ▼ -36.8 pp |
| 2017 | 110.2% | €87.43 Billion | €79.33 Billion | €241.88 Billion | €154.45 Billion | — |