Jiangxi Black Cat Carbon Black (002068) — Working Capital to Net Assets Ratio
Jiangxi Black Cat Carbon Black (002068) has a Working Capital to Net Assets ratio of -26.9% as of March 2026. Working capital of CN¥-662.94 Million (current assets of CN¥4.10 Billion minus current liabilities of CN¥4.76 Billion) is measured against net assets of CN¥2.46 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Jiangxi Black Cat Carbon Black 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
Jiangxi Black Cat Carbon Black Working Capital to Net Assets (2003–2025)
This chart shows how Jiangxi Black Cat Carbon Black's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2003 to 2025. As of March 2026, the ratio stands at -26.9%, reflecting working capital of CN¥-662.94 Million against net assets of CN¥2.46 Billion CNY. For the complete balance sheet picture, see Jiangxi Black Cat Carbon Black (002068) total assets.
Annual Working Capital to Net Assets for Jiangxi Black Cat Carbon Black (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Jiangxi Black Cat Carbon Black from 2003 to 2025, covering 23 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 002068 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -48.3% | CN¥-1.24 Billion | CN¥2.56 Billion | CN¥3.59 Billion | CN¥4.83 Billion | ▼ -59.1 pp |
| 2024 | 10.8% | CN¥336.37 Million | CN¥3.11 Billion | CN¥4.27 Billion | CN¥3.94 Billion | ▲ +1.1 pp |
| 2023 | 9.7% | CN¥308.05 Million | CN¥3.17 Billion | CN¥4.09 Billion | CN¥3.78 Billion | ▼ -6.3 pp |
| 2022 | 16.1% | CN¥551.45 Million | CN¥3.43 Billion | CN¥4.83 Billion | CN¥4.27 Billion | ▲ +6.9 pp |
| 2021 | 9.1% | CN¥310.47 Million | CN¥3.40 Billion | CN¥3.62 Billion | CN¥3.30 Billion | ▲ +5.1 pp |
| 2020 | 4.1% | CN¥125.56 Million | CN¥3.08 Billion | CN¥3.49 Billion | CN¥3.36 Billion | ▲ +20.5 pp |
| 2019 | -16.4% | CN¥-489.13 Million | CN¥2.98 Billion | CN¥3.62 Billion | CN¥4.11 Billion | ▼ -21.1 pp |
| 2018 | 4.7% | CN¥165.49 Million | CN¥3.53 Billion | CN¥3.67 Billion | CN¥3.51 Billion | ▼ -3.3 pp |
| 2017 | 8.0% | CN¥268.42 Million | CN¥3.34 Billion | CN¥3.97 Billion | CN¥3.70 Billion | ▲ +50.8 pp |
| 2016 | -42.8% | CN¥-938.37 Million | CN¥2.19 Billion | CN¥2.87 Billion | CN¥3.80 Billion | ▼ -0.4 pp |
| 2015 | -42.4% | CN¥-879.57 Million | CN¥2.07 Billion | CN¥2.97 Billion | CN¥3.85 Billion | ▲ +42.1 pp |
| 2014 | -84.5% | CN¥-1.27 Billion | CN¥1.50 Billion | CN¥3.33 Billion | CN¥4.59 Billion | ▼ -14.6 pp |
| 2013 | -69.8% | CN¥-975.32 Million | CN¥1.40 Billion | CN¥3.81 Billion | CN¥4.79 Billion | ▼ -12.6 pp |
| 2012 | -57.3% | CN¥-816.85 Million | CN¥1.43 Billion | CN¥2.49 Billion | CN¥3.31 Billion | ▼ -37.9 pp |
| 2011 | -19.3% | CN¥-258.38 Million | CN¥1.34 Billion | CN¥2.12 Billion | CN¥2.38 Billion | ▲ +62.2 pp |
| 2010 | -81.5% | CN¥-565.71 Million | CN¥694.36 Million | CN¥1.42 Billion | CN¥1.98 Billion | ▼ -47.1 pp |
| 2009 | -34.3% | CN¥-218.34 Million | CN¥636.07 Million | CN¥1.14 Billion | CN¥1.36 Billion | ▲ +12.8 pp |
| 2008 | -47.1% | CN¥-259.18 Million | CN¥550.17 Million | CN¥896.53 Million | CN¥1.16 Billion | ▼ -60.0 pp |
| 2007 | 12.8% | CN¥74.65 Million | CN¥581.36 Million | CN¥985.12 Million | CN¥910.47 Million | ▼ -15.7 pp |
| 2006 | 28.5% | CN¥145.42 Million | CN¥510.19 Million | CN¥864.29 Million | CN¥718.87 Million | ▲ +56.0 pp |
| 2005 | -27.5% | CN¥-62.21 Million | CN¥226.61 Million | CN¥531.95 Million | CN¥594.16 Million | ▼ -26.5 pp |
| 2004 | -1.0% | CN¥-2.01 Million | CN¥208.21 Million | CN¥403.21 Million | CN¥405.21 Million | ▼ -43.9 pp |
| 2003 | 42.9% | CN¥69.78 Million | CN¥162.53 Million | CN¥296.93 Million | CN¥227.15 Million | — |