Shanxi Zhangze Electric Power Co Ltd (000767) — Working Capital to Net Assets Ratio
Shanxi Zhangze Electric Power Co Ltd (000767) has a Working Capital to Net Assets ratio of -6.1% as of September 2025. Working capital of CN¥-337.03 Million (current assets of CN¥16.72 Billion minus current liabilities of CN¥17.05 Billion) is measured against net assets of CN¥5.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shanxi Zhangze Electric Power Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shanxi Zhangze Electric Power Co Ltd Working Capital to Net Assets (1994–2024)
This chart shows how Shanxi Zhangze Electric Power Co Ltd's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at -6.1%, reflecting working capital of CN¥-337.03 Million against net assets of CN¥5.57 Billion CNY. For the complete balance sheet picture, see balance sheet size of Shanxi Zhangze Electric Power Co Ltd.
Annual Working Capital to Net Assets for Shanxi Zhangze Electric Power Co Ltd (1994–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shanxi Zhangze Electric Power Co Ltd from 1994 to 2024, covering 31 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. Check asset resilience ratio of Shanxi Zhangze Electric Power Co Ltd to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -18.0% | CN¥-1.93 Billion | CN¥10.75 Billion | CN¥16.66 Billion | CN¥18.59 Billion | ▲ +25.9 pp |
| 2023 | -43.8% | CN¥-4.74 Billion | CN¥10.81 Billion | CN¥19.06 Billion | CN¥23.80 Billion | ▲ +27.7 pp |
| 2022 | -71.5% | CN¥-7.68 Billion | CN¥10.74 Billion | CN¥20.53 Billion | CN¥28.21 Billion | ▲ +72.3 pp |
| 2021 | -143.8% | CN¥-13.34 Billion | CN¥9.28 Billion | CN¥17.89 Billion | CN¥31.23 Billion | ▲ +25.4 pp |
| 2020 | -169.3% | CN¥-14.59 Billion | CN¥8.62 Billion | CN¥13.57 Billion | CN¥28.17 Billion | ▲ +2.5 pp |
| 2019 | -171.8% | CN¥-13.72 Billion | CN¥7.99 Billion | CN¥11.24 Billion | CN¥24.96 Billion | ▼ -38.2 pp |
| 2018 | -133.6% | CN¥-10.77 Billion | CN¥8.06 Billion | CN¥13.94 Billion | CN¥24.71 Billion | ▼ -27.0 pp |
| 2017 | -106.6% | CN¥-8.54 Billion | CN¥8.01 Billion | CN¥11.87 Billion | CN¥20.42 Billion | ▼ -48.0 pp |
| 2016 | -58.6% | CN¥-6.17 Billion | CN¥10.54 Billion | CN¥12.10 Billion | CN¥18.28 Billion | ▲ +36.0 pp |
| 2015 | -94.6% | CN¥-7.05 Billion | CN¥7.45 Billion | CN¥5.75 Billion | CN¥12.80 Billion | ▼ -2.8 pp |
| 2014 | -91.8% | CN¥-5.59 Billion | CN¥6.09 Billion | CN¥6.36 Billion | CN¥11.95 Billion | ▲ +24.6 pp |
| 2013 | -116.4% | CN¥-6.18 Billion | CN¥5.30 Billion | CN¥7.79 Billion | CN¥13.96 Billion | ▲ +765.9 pp |
| 2012 | -882.3% | CN¥-7.10 Billion | CN¥804.64 Million | CN¥2.21 Billion | CN¥9.31 Billion | ▼ -223.7 pp |
| 2011 | -658.6% | CN¥-5.04 Billion | CN¥765.27 Million | CN¥1.68 Billion | CN¥6.72 Billion | ▼ -417.2 pp |
| 2010 | -241.4% | CN¥-3.73 Billion | CN¥1.55 Billion | CN¥1.73 Billion | CN¥5.46 Billion | ▼ -64.0 pp |
| 2009 | -177.4% | CN¥-4.06 Billion | CN¥2.29 Billion | CN¥1.64 Billion | CN¥5.69 Billion | ▼ -37.2 pp |
| 2008 | -140.2% | CN¥-3.13 Billion | CN¥2.23 Billion | CN¥1.78 Billion | CN¥4.91 Billion | ▼ -95.3 pp |
| 2007 | -44.9% | CN¥-1.57 Billion | CN¥3.49 Billion | CN¥1.78 Billion | CN¥3.34 Billion | ▲ +53.6 pp |
| 2006 | -98.4% | CN¥-2.13 Billion | CN¥2.16 Billion | CN¥826.17 Million | CN¥2.95 Billion | ▼ -71.9 pp |
| 2005 | -26.5% | CN¥-512.77 Million | CN¥1.93 Billion | CN¥834.30 Million | CN¥1.35 Billion | ▼ -36.5 pp |
| 2004 | 9.9% | CN¥182.76 Million | CN¥1.84 Billion | CN¥922.04 Million | CN¥739.28 Million | ▼ -23.5 pp |
| 2003 | 33.4% | CN¥592.10 Million | CN¥1.77 Billion | CN¥1.09 Billion | CN¥499.07 Million | ▲ +21.1 pp |
| 2002 | 12.3% | CN¥192.78 Million | CN¥1.56 Billion | CN¥886.44 Million | CN¥693.66 Million | ▲ +19.4 pp |
| 2001 | -7.0% | CN¥-114.11 Million | CN¥1.62 Billion | CN¥678.63 Million | CN¥792.74 Million | ▲ +8.1 pp |
| 2000 | -15.2% | CN¥-227.69 Million | CN¥1.50 Billion | CN¥595.63 Million | CN¥823.32 Million | ▼ -34.8 pp |
| 1999 | 19.6% | CN¥148.39 Million | CN¥756.61 Million | CN¥381.61 Million | CN¥233.22 Million | ▼ -0.8 pp |
| 1998 | 20.5% | CN¥162.64 Million | CN¥795.11 Million | CN¥330.15 Million | CN¥167.51 Million | ▲ +13.1 pp |
| 1997 | 7.3% | CN¥49.09 Million | CN¥670.85 Million | CN¥250.60 Million | CN¥201.51 Million | ▲ +7.9 pp |
| 1996 | -0.6% | CN¥-3.07 Million | CN¥487.27 Million | CN¥229.54 Million | CN¥232.62 Million | ▲ +11.5 pp |
| 1995 | -12.2% | CN¥-51.21 Million | CN¥420.85 Million | CN¥172.17 Million | CN¥223.38 Million | ▼ -11.8 pp |
| 1994 | -0.4% | CN¥-1.74 Million | CN¥486.29 Million | CN¥271.44 Million | CN¥273.18 Million | — |