China Communications Services Corporation Limited (CMW) — Working Capital to Net Assets Ratio
China Communications Services Corporation Limited (CMW) has a Working Capital to Net Assets ratio of 33.0% as of December 2025. Working capital of €16.20 Billion (current assets of €101.80 Billion minus current liabilities of €85.60 Billion) is measured against net assets of €49.09 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See CMW financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China Communications Services Corporation Limited Working Capital to Net Assets (2013–2025)
This chart shows how China Communications Services Corporation 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 33.0%, reflecting working capital of €16.20 Billion against net assets of €49.09 Billion EUR. See CMW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for China Communications Services Corporation Limited (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for China Communications Services Corporation 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. For live market cap and the full company profile, see how much is China Communications Services Corporatio worth.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 33.0% | €16.20 Billion | €49.09 Billion | €101.80 Billion | €85.60 Billion | ▼ -2.9 pp |
| 2024 | 35.9% | €16.72 Billion | €46.61 Billion | €104.67 Billion | €87.95 Billion | ▼ -11.6 pp |
| 2023 | 47.4% | €20.71 Billion | €43.67 Billion | €96.95 Billion | €76.25 Billion | ▲ +5.1 pp |
| 2022 | 42.3% | €17.61 Billion | €41.62 Billion | €84.20 Billion | €66.60 Billion | ▼ -10.6 pp |
| 2021 | 52.9% | €20.96 Billion | €39.61 Billion | €79.28 Billion | €58.31 Billion | ▼ -3.6 pp |
| 2020 | 56.6% | €21.03 Billion | €37.19 Billion | €76.26 Billion | €55.23 Billion | ▼ -7.9 pp |
| 2019 | 64.4% | €22.57 Billion | €35.04 Billion | €73.25 Billion | €50.68 Billion | ▼ -1.9 pp |
| 2018 | 66.4% | €21.78 Billion | €32.83 Billion | €68.51 Billion | €46.73 Billion | ▼ -5.7 pp |
| 2017 | 72.1% | €20.78 Billion | €28.82 Billion | €62.34 Billion | €41.57 Billion | ▼ -1.7 pp |
| 2016 | 73.8% | €19.97 Billion | €27.05 Billion | €54.54 Billion | €34.57 Billion | ▲ +4.1 pp |
| 2015 | 69.7% | €17.58 Billion | €25.21 Billion | €49.37 Billion | €31.79 Billion | ▲ +2.5 pp |
| 2014 | 67.2% | €15.83 Billion | €23.54 Billion | €44.21 Billion | €28.38 Billion | ▲ +2.6 pp |
| 2013 | 64.7% | €14.42 Billion | €22.29 Billion | €40.16 Billion | €25.74 Billion | — |