Shaanxi Xinghua Chemistry Co Ltd (002109) — Working Capital to Net Assets Ratio
Shaanxi Xinghua Chemistry Co Ltd (002109) has a Working Capital to Net Assets ratio of -13.3% as of September 2025. Working capital of CN¥-644.98 Million (current assets of CN¥1.53 Billion minus current liabilities of CN¥2.17 Billion) is measured against net assets of CN¥4.84 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shaanxi Xinghua Chemistry 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
Shaanxi Xinghua Chemistry Co Ltd Working Capital to Net Assets (2003–2024)
This chart shows how Shaanxi Xinghua Chemistry Co Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2003 to 2024. As of September 2025, the ratio stands at -13.3%, reflecting working capital of CN¥-644.98 Million against net assets of CN¥4.84 Billion CNY. For the complete balance sheet picture, see Shaanxi Xinghua Chemistry Co Ltd total assets.
Annual Working Capital to Net Assets for Shaanxi Xinghua Chemistry Co Ltd (2003–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shaanxi Xinghua Chemistry Co Ltd from 2003 to 2024, covering 22 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 002109 cash and liquid asset 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) |
|---|---|---|---|---|---|---|
| 2024 | -7.2% | CN¥-394.38 Million | CN¥5.50 Billion | CN¥1.76 Billion | CN¥2.15 Billion | ▼ -12.7 pp |
| 2023 | 5.6% | CN¥318.17 Million | CN¥5.71 Billion | CN¥2.21 Billion | CN¥1.89 Billion | ▼ -6.3 pp |
| 2022 | 11.9% | CN¥768.14 Million | CN¥6.46 Billion | CN¥2.66 Billion | CN¥1.89 Billion | ▼ -25.3 pp |
| 2021 | 37.2% | CN¥1.66 Billion | CN¥4.46 Billion | CN¥2.01 Billion | CN¥353.07 Million | ▲ +12.2 pp |
| 2020 | 25.1% | CN¥982.15 Million | CN¥3.92 Billion | CN¥1.38 Billion | CN¥393.26 Million | ▲ +8.2 pp |
| 2019 | 16.8% | CN¥626.67 Million | CN¥3.72 Billion | CN¥1.08 Billion | CN¥454.31 Million | ▲ +5.4 pp |
| 2018 | 11.5% | CN¥410.83 Million | CN¥3.58 Billion | CN¥1.05 Billion | CN¥635.42 Million | ▲ +15.8 pp |
| 2017 | -4.3% | CN¥-144.37 Million | CN¥3.34 Billion | CN¥642.43 Million | CN¥786.80 Million | ▲ +13.8 pp |
| 2016 | -18.2% | CN¥-567.23 Million | CN¥3.12 Billion | CN¥749.47 Million | CN¥1.32 Billion | ▲ +8.6 pp |
| 2015 | -26.8% | CN¥-276.43 Million | CN¥1.03 Billion | CN¥332.90 Million | CN¥609.33 Million | ▼ -10.0 pp |
| 2014 | -16.8% | CN¥-195.67 Million | CN¥1.17 Billion | CN¥399.41 Million | CN¥595.08 Million | ▼ -18.8 pp |
| 2013 | 2.1% | CN¥27.18 Million | CN¥1.32 Billion | CN¥533.30 Million | CN¥506.13 Million | ▼ -24.1 pp |
| 2012 | 26.2% | CN¥338.86 Million | CN¥1.29 Billion | CN¥672.06 Million | CN¥333.19 Million | ▼ -1.0 pp |
| 2011 | 27.1% | CN¥333.70 Million | CN¥1.23 Billion | CN¥738.74 Million | CN¥405.04 Million | ▲ +14.2 pp |
| 2010 | 13.0% | CN¥140.86 Million | CN¥1.08 Billion | CN¥549.91 Million | CN¥409.04 Million | ▼ -11.5 pp |
| 2009 | 24.5% | CN¥248.82 Million | CN¥1.01 Billion | CN¥595.13 Million | CN¥346.31 Million | ▼ -8.3 pp |
| 2008 | 32.8% | CN¥311.75 Million | CN¥950.13 Million | CN¥633.40 Million | CN¥321.65 Million | ▼ -16.0 pp |
| 2007 | 48.8% | CN¥408.71 Million | CN¥836.79 Million | CN¥694.43 Million | CN¥285.72 Million | ▲ +31.5 pp |
| 2006 | 17.3% | CN¥63.24 Million | CN¥364.94 Million | CN¥252.36 Million | CN¥189.13 Million | ▲ +39.9 pp |
| 2005 | -22.6% | CN¥-67.23 Million | CN¥297.28 Million | CN¥236.37 Million | CN¥303.59 Million | ▲ +6.9 pp |
| 2004 | -29.5% | CN¥-70.44 Million | CN¥238.63 Million | CN¥179.11 Million | CN¥249.55 Million | ▼ -4.5 pp |
| 2003 | -25.0% | CN¥-50.81 Million | CN¥202.87 Million | CN¥154.84 Million | CN¥205.66 Million | — |