Shanghai Morn Electric Equipment Co Ltd (002451) — Working Capital to Net Assets Ratio
Shanghai Morn Electric Equipment Co Ltd (002451) has a Working Capital to Net Assets ratio of 41.0% as of June 2026. Working capital of CN¥387.17 Million (current assets of CN¥1.39 Billion minus current liabilities of CN¥1.01 Billion) is measured against net assets of CN¥944.24 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 002451 days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shanghai Morn Electric Equipment Co Ltd Working Capital to Net Assets (2007–2025)
This chart shows how Shanghai Morn Electric Equipment Co Ltd's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of June 2026, the ratio stands at 41.0%, reflecting working capital of CN¥387.17 Million against net assets of CN¥944.24 Million CNY. For the complete balance sheet picture, see Shanghai Morn Electric Equipment Co Ltd assets under control.
Annual Working Capital to Net Assets for Shanghai Morn Electric Equipment Co Ltd (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shanghai Morn Electric Equipment Co Ltd from 2007 to 2025, 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. Check 002451 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) |
|---|---|---|---|---|---|---|
| 2025 | 37.8% | CN¥355.81 Million | CN¥941.06 Million | CN¥1.36 Billion | CN¥1.01 Billion | ▲ +5.9 pp |
| 2024 | 31.9% | CN¥276.39 Million | CN¥867.01 Million | CN¥1.08 Billion | CN¥808.23 Million | ▼ -23.9 pp |
| 2023 | 55.8% | CN¥477.55 Million | CN¥855.99 Million | CN¥1.06 Billion | CN¥586.65 Million | ▲ +3.0 pp |
| 2022 | 52.8% | CN¥449.25 Million | CN¥850.70 Million | CN¥1.09 Billion | CN¥641.57 Million | ▲ +10.2 pp |
| 2021 | 42.6% | CN¥356.16 Million | CN¥836.06 Million | CN¥873.09 Million | CN¥516.93 Million | ▲ +23.0 pp |
| 2020 | 19.6% | CN¥138.27 Million | CN¥706.96 Million | CN¥619.78 Million | CN¥481.51 Million | ▲ +10.4 pp |
| 2019 | 9.1% | CN¥63.99 Million | CN¥699.81 Million | CN¥499.54 Million | CN¥435.54 Million | ▲ +7.2 pp |
| 2018 | 2.0% | CN¥13.16 Million | CN¥663.23 Million | CN¥752.98 Million | CN¥739.83 Million | ▲ +39.9 pp |
| 2017 | -37.9% | CN¥-248.24 Million | CN¥654.73 Million | CN¥612.52 Million | CN¥860.76 Million | ▲ +2.9 pp |
| 2016 | -40.8% | CN¥-274.40 Million | CN¥672.64 Million | CN¥633.51 Million | CN¥907.91 Million | ▼ -16.0 pp |
| 2015 | -24.8% | CN¥-173.76 Million | CN¥701.65 Million | CN¥689.35 Million | CN¥863.11 Million | ▼ -4.2 pp |
| 2014 | -20.6% | CN¥-140.23 Million | CN¥680.59 Million | CN¥620.20 Million | CN¥760.43 Million | ▼ -34.3 pp |
| 2013 | 13.7% | CN¥87.95 Million | CN¥640.12 Million | CN¥545.16 Million | CN¥457.21 Million | ▼ -32.1 pp |
| 2012 | 45.9% | CN¥291.69 Million | CN¥636.06 Million | CN¥589.78 Million | CN¥298.10 Million | ▼ -25.9 pp |
| 2011 | 71.8% | CN¥448.98 Million | CN¥625.28 Million | CN¥719.74 Million | CN¥270.76 Million | ▼ -10.5 pp |
| 2010 | 82.3% | CN¥511.38 Million | CN¥621.10 Million | CN¥645.99 Million | CN¥134.61 Million | ▲ +25.1 pp |
| 2009 | 57.3% | CN¥140.35 Million | CN¥245.13 Million | CN¥256.81 Million | CN¥116.47 Million | ▼ -5.6 pp |
| 2008 | 62.8% | CN¥124.52 Million | CN¥198.16 Million | CN¥252.99 Million | CN¥128.47 Million | ▲ +30.5 pp |
| 2007 | 32.3% | CN¥47.90 Million | CN¥148.14 Million | CN¥175.99 Million | CN¥128.10 Million | — |