New China Life Insurance Company Ltd (NCL) — Working Capital to Net Assets Ratio
New China Life Insurance Company Ltd (NCL) has a Working Capital to Net Assets ratio of 302.9% as of June 2023. Working capital of €340.22 Billion (current assets of €401.40 Billion minus current liabilities of €61.18 Billion) is measured against net assets of €112.31 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NCL 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
New China Life Insurance Company Ltd Working Capital to Net Assets (2013–2022)
This chart shows how New China Life Insurance Company Ltd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2013 to 2022. As of June 2023, the ratio stands at 302.9%, reflecting working capital of €340.22 Billion against net assets of €112.31 Billion EUR. See New China Life Insurance Company Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for New China Life Insurance Company Ltd (2013–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for New China Life Insurance Company Ltd from 2013 to 2022, covering 10 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 New China Life Insurance Company Ltd market capitalisation.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | 62.4% | €64.20 Billion | €102.91 Billion | €130.72 Billion | €66.52 Billion | ▲ +34.3 pp |
| 2021 | 28.1% | €30.54 Billion | €108.51 Billion | €110.52 Billion | €79.99 Billion | ▲ +33.8 pp |
| 2020 | -5.7% | €-5.77 Billion | €101.68 Billion | €63.91 Billion | €69.68 Billion | ▲ +77.6 pp |
| 2019 | -83.3% | €-70.36 Billion | €84.46 Billion | €55.49 Billion | €125.86 Billion | ▼ -24.3 pp |
| 2018 | -59.0% | €-38.73 Billion | €65.60 Billion | €34.92 Billion | €73.65 Billion | ▲ +2.0 pp |
| 2017 | -61.0% | €-38.90 Billion | €63.72 Billion | €30.85 Billion | €69.74 Billion | ▼ -70.2 pp |
| 2016 | 9.2% | €5.41 Billion | €59.12 Billion | €85.15 Billion | €79.74 Billion | ▼ -77.1 pp |
| 2015 | 86.3% | €49.90 Billion | €57.84 Billion | €110.63 Billion | €60.74 Billion | ▲ +85.8 pp |
| 2014 | 0.5% | €224.00 Million | €48.36 Billion | €83.91 Billion | €83.69 Billion | ▲ +59.2 pp |
| 2013 | -58.8% | €-23.10 Billion | €39.32 Billion | €46.91 Billion | €70.00 Billion | — |