Tonghua Golden-Horse Pharmaceutical Industry Co Ltd Working Capital to Net Assets Ratio
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd working capital to net assets ratio. Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (000766) has a Working Capital to Net Assets ratio of 30.2% as of June 2026. Working capital of CN¥699.73 Million (current assets of CN¥1.44 Billion minus current liabilities of CN¥740.41 Million) is measured against net assets of CN¥2.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (1994–2025)
Working capital to net assets ratio of Tonghua Golden-Horse Pharmaceutical Industry Co Ltd from 1994 to 2025. This chart shows how Tonghua Golden-Horse Pharmaceutical Industry Co Ltd's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of June 2026, the ratio stands at 30.2%, reflecting working capital of CN¥699.73 Million against net assets of CN¥2.32 Billion CNY. See 000766 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd Working Capital to Net Assets Ratio by Year (1994–2025)
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd working capital to net assets ratio by year from 1994 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Tonghua Golden-Horse Pharmaceutical Industry Co Ltd from 1994 to 2025, covering 32 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 the complete balance sheet picture, see 000766 current and non-current assets.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 29.5% | CN¥682.00 Million | CN¥2.31 Billion | CN¥1.20 Billion | CN¥513.19 Million | ▲ +71.5 pp |
| 2024 | -42.0% | CN¥-946.90 Million | CN¥2.26 Billion | CN¥1.21 Billion | CN¥2.16 Billion | ▼ -65.2 pp |
| 2023 | 23.2% | CN¥538.72 Million | CN¥2.32 Billion | CN¥1.11 Billion | CN¥572.49 Million | ▼ -0.7 pp |
| 2022 | 23.9% | CN¥566.51 Million | CN¥2.37 Billion | CN¥1.24 Billion | CN¥671.86 Million | ▲ +61.4 pp |
| 2021 | -37.4% | CN¥-875.86 Million | CN¥2.34 Billion | CN¥1.15 Billion | CN¥2.03 Billion | ▼ -70.6 pp |
| 2020 | 33.2% | CN¥765.25 Million | CN¥2.31 Billion | CN¥1.53 Billion | CN¥763.77 Million | ▲ +3.8 pp |
| 2019 | 29.3% | CN¥782.39 Million | CN¥2.67 Billion | CN¥1.69 Billion | CN¥905.03 Million | ▲ +10.6 pp |
| 2018 | 18.8% | CN¥883.75 Million | CN¥4.71 Billion | CN¥1.65 Billion | CN¥769.62 Million | ▼ -0.4 pp |
| 2017 | 19.1% | CN¥846.14 Million | CN¥4.42 Billion | CN¥1.73 Billion | CN¥880.92 Million | ▲ +0.6 pp |
| 2016 | 18.5% | CN¥771.04 Million | CN¥4.16 Billion | CN¥1.37 Billion | CN¥594.87 Million | ▲ +60.4 pp |
| 2015 | -41.9% | CN¥-940.14 Million | CN¥2.25 Billion | CN¥736.74 Million | CN¥1.68 Billion | ▼ -53.1 pp |
| 2014 | 11.3% | CN¥74.43 Million | CN¥659.50 Million | CN¥470.51 Million | CN¥396.08 Million | ▲ +3.6 pp |
| 2013 | 7.7% | CN¥47.25 Million | CN¥615.08 Million | CN¥512.05 Million | CN¥464.80 Million | ▼ -33.4 pp |
| 2012 | 41.1% | CN¥254.75 Million | CN¥619.60 Million | CN¥517.32 Million | CN¥262.57 Million | ▼ -0.1 pp |
| 2011 | 41.3% | CN¥250.53 Million | CN¥607.13 Million | CN¥510.50 Million | CN¥259.98 Million | ▲ +1.9 pp |
| 2010 | 39.4% | CN¥234.76 Million | CN¥595.89 Million | CN¥528.75 Million | CN¥293.99 Million | ▼ -4.1 pp |
| 2009 | 43.5% | CN¥254.00 Million | CN¥583.87 Million | CN¥526.64 Million | CN¥272.64 Million | ▼ -3.7 pp |
| 2008 | 47.2% | CN¥261.41 Million | CN¥554.08 Million | CN¥506.20 Million | CN¥244.79 Million | ▲ +3.0 pp |
| 2007 | 44.2% | CN¥237.47 Million | CN¥536.90 Million | CN¥497.18 Million | CN¥259.71 Million | ▲ +4.2 pp |
| 2006 | 40.1% | CN¥207.53 Million | CN¥518.07 Million | CN¥476.76 Million | CN¥269.23 Million | ▼ -718.8 pp |
| 2005 | 758.8% | CN¥343.45 Million | CN¥45.26 Million | CN¥528.77 Million | CN¥185.31 Million | ▲ +2215.6 pp |
| 2004 | -1456.8% | CN¥-533.72 Million | CN¥36.64 Million | CN¥520.71 Million | CN¥1.05 Billion | ▼ -1341.9 pp |
| 2003 | -114.8% | CN¥-340.02 Million | CN¥296.07 Million | CN¥744.83 Million | CN¥1.08 Billion | ▼ -85.3 pp |
| 2002 | -29.5% | CN¥-144.81 Million | CN¥490.79 Million | CN¥895.18 Million | CN¥1.04 Billion | ▼ -83.7 pp |
| 2001 | 54.2% | CN¥257.57 Million | CN¥475.05 Million | CN¥1.25 Billion | CN¥993.08 Million | ▲ +13.3 pp |
| 2000 | 40.9% | CN¥440.12 Million | CN¥1.08 Billion | CN¥1.62 Billion | CN¥1.18 Billion | ▼ -36.8 pp |
| 1999 | 77.6% | CN¥812.69 Million | CN¥1.05 Billion | CN¥1.10 Billion | CN¥286.18 Million | ▲ +4.6 pp |
| 1998 | 73.0% | CN¥464.75 Million | CN¥636.82 Million | CN¥698.78 Million | CN¥234.03 Million | ▲ +0.3 pp |
| 1997 | 72.7% | CN¥438.20 Million | CN¥602.89 Million | CN¥608.42 Million | CN¥170.21 Million | ▲ +29.8 pp |
| 1996 | 42.9% | CN¥82.07 Million | CN¥191.23 Million | CN¥238.15 Million | CN¥156.08 Million | ▼ -2.5 pp |
| 1995 | 45.5% | CN¥82.43 Million | CN¥181.32 Million | CN¥182.46 Million | CN¥100.03 Million | ▼ -11.0 pp |
| 1994 | 56.5% | CN¥97.04 Million | CN¥171.84 Million | CN¥147.51 Million | CN¥50.47 Million | — |