Air China Limited (AD2) — Working Capital to Net Assets Ratio
Air China Limited (AD2) has a Working Capital to Net Assets ratio of -210.3% as of December 2025. Working capital of €-82.49 Billion (current assets of €34.80 Billion minus current liabilities of €117.29 Billion) is measured against net assets of €39.23 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see AD2 asset base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Air China Limited Working Capital to Net Assets (2013–2025)
This chart shows how Air China Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at -210.3%, reflecting working capital of €-82.49 Billion against net assets of €39.23 Billion EUR. Explore how much does Air China Limited reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Annual Working Capital to Net Assets for Air China Limited (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Air China Limited from 2013 to 2025, covering 13 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. Explore Air China Limited long-term investment intensity to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -210.3% | €-82.49 Billion | €39.23 Billion | €34.80 Billion | €117.29 Billion | ▲ +26.5 pp |
| 2024 | -236.7% | €-96.92 Billion | €40.95 Billion | €40.69 Billion | €137.61 Billion | ▼ -15.7 pp |
| 2023 | -221.0% | €-77.98 Billion | €35.29 Billion | €32.33 Billion | €110.32 Billion | ▲ +104.8 pp |
| 2022 | -325.8% | €-70.24 Billion | €21.56 Billion | €22.25 Billion | €92.48 Billion | ▼ -233.1 pp |
| 2021 | -92.6% | €-61.02 Billion | €65.87 Billion | €30.40 Billion | €91.42 Billion | ▼ -20.3 pp |
| 2020 | -72.4% | €-60.66 Billion | €83.81 Billion | €19.74 Billion | €80.39 Billion | ▼ -20.3 pp |
| 2019 | -52.1% | €-52.81 Billion | €101.38 Billion | €24.82 Billion | €77.63 Billion | ▼ -3.9 pp |
| 2018 | -48.2% | €-48.50 Billion | €100.56 Billion | €23.73 Billion | €72.23 Billion | ▲ +5.5 pp |
| 2017 | -53.7% | €-51.00 Billion | €94.93 Billion | €20.76 Billion | €71.76 Billion | ▲ +4.5 pp |
| 2016 | -58.2% | €-44.52 Billion | €76.47 Billion | €19.32 Billion | €63.85 Billion | ▼ -12.1 pp |
| 2015 | -46.1% | €-30.69 Billion | €66.60 Billion | €19.53 Billion | €50.21 Billion | ▲ +19.8 pp |
| 2014 | -65.9% | €-39.71 Billion | €60.24 Billion | €22.35 Billion | €62.05 Billion | ▲ +10.4 pp |
| 2013 | -76.3% | €-44.22 Billion | €57.94 Billion | €25.43 Billion | €69.64 Billion | — |