Shanxi Tond Chemical Co Ltd (002360) — Working Capital to Net Assets Ratio
Shanxi Tond Chemical Co Ltd (002360) has a Working Capital to Net Assets ratio of -51.0% as of September 2025. Working capital of CN¥-1.02 Billion (current assets of CN¥638.64 Million minus current liabilities of CN¥1.66 Billion) is measured against net assets of CN¥1.99 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shanxi Tond Chemical Co Ltd free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shanxi Tond Chemical Co Ltd Working Capital to Net Assets (2006–2024)
This chart shows how Shanxi Tond Chemical Co Ltd's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2024. As of September 2025, the ratio stands at -51.0%, reflecting working capital of CN¥-1.02 Billion against net assets of CN¥1.99 Billion CNY. See 002360 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shanxi Tond Chemical Co Ltd (2006–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shanxi Tond Chemical Co Ltd from 2006 to 2024, covering 19 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 Shanxi Tond Chemical Co Ltd market capitalisation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -62.4% | CN¥-1.25 Billion | CN¥2.00 Billion | CN¥752.34 Million | CN¥2.00 Billion | ▼ -50.6 pp |
| 2023 | -11.8% | CN¥-257.40 Million | CN¥2.18 Billion | CN¥910.89 Million | CN¥1.17 Billion | ▼ -8.3 pp |
| 2022 | -3.5% | CN¥-61.25 Million | CN¥1.75 Billion | CN¥867.13 Million | CN¥928.38 Million | ▼ -37.4 pp |
| 2021 | 33.9% | CN¥502.84 Million | CN¥1.48 Billion | CN¥830.60 Million | CN¥327.76 Million | ▼ -23.5 pp |
| 2020 | 57.4% | CN¥753.58 Million | CN¥1.31 Billion | CN¥978.47 Million | CN¥224.90 Million | ▲ +7.7 pp |
| 2019 | 49.6% | CN¥588.42 Million | CN¥1.19 Billion | CN¥832.44 Million | CN¥244.03 Million | ▲ +15.2 pp |
| 2018 | 34.5% | CN¥371.12 Million | CN¥1.08 Billion | CN¥535.65 Million | CN¥164.53 Million | ▲ +2.1 pp |
| 2017 | 32.4% | CN¥353.49 Million | CN¥1.09 Billion | CN¥684.56 Million | CN¥331.07 Million | ▼ -3.4 pp |
| 2016 | 35.8% | CN¥401.47 Million | CN¥1.12 Billion | CN¥636.75 Million | CN¥235.28 Million | ▲ +5.0 pp |
| 2015 | 30.8% | CN¥329.49 Million | CN¥1.07 Billion | CN¥483.34 Million | CN¥153.85 Million | ▼ -5.1 pp |
| 2014 | 35.9% | CN¥366.30 Million | CN¥1.02 Billion | CN¥629.89 Million | CN¥263.59 Million | ▼ -0.1 pp |
| 2013 | 36.0% | CN¥323.47 Million | CN¥898.18 Million | CN¥583.65 Million | CN¥260.18 Million | ▲ +15.6 pp |
| 2012 | 20.4% | CN¥152.27 Million | CN¥744.76 Million | CN¥321.15 Million | CN¥168.88 Million | ▼ -35.6 pp |
| 2011 | 56.1% | CN¥347.26 Million | CN¥619.33 Million | CN¥401.97 Million | CN¥54.71 Million | ▼ -12.0 pp |
| 2010 | 68.1% | CN¥395.81 Million | CN¥581.64 Million | CN¥433.91 Million | CN¥38.10 Million | ▲ +56.0 pp |
| 2009 | 12.0% | CN¥22.39 Million | CN¥186.12 Million | CN¥106.02 Million | CN¥83.63 Million | ▲ +22.2 pp |
| 2008 | -10.1% | CN¥-14.61 Million | CN¥143.96 Million | CN¥81.92 Million | CN¥96.53 Million | ▼ -7.6 pp |
| 2007 | -2.5% | CN¥-3.33 Million | CN¥130.76 Million | CN¥109.07 Million | CN¥112.41 Million | ▲ +27.8 pp |
| 2006 | -30.3% | CN¥-20.47 Million | CN¥67.48 Million | CN¥64.99 Million | CN¥85.47 Million | — |